Campbell Soup (NASDAQ:CPB) EVP Anthony Sanzio Sells 2,000 Shares

Campbell Soup (NASDAQ:CPB - Get Free Report) EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Campbell Soup Trading Down 3.0 %

CPB traded down $1.24 on Monday, hitting $40.50. 2,721,770 shares of the company were exchanged, compared to its average volume of 2,275,152. The firm has a fifty day simple moving average of $43.85 and a two-hundred day simple moving average of $46.66. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a 12 month low of $40.26 and a 12 month high of $52.81. The stock has a market capitalization of $12.07 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.85%. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup's dividend payout ratio (DPR) is presently 85.25%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CPB shares. Stephens reaffirmed an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a report on Thursday, September 26th. Wells Fargo & Company lowered their price target on Campbell Soup from $51.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, December 5th. Barclays lowered their price target on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $51.00 price target on shares of Campbell Soup in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Campbell Soup presently has a consensus rating of "Hold" and a consensus price target of $50.92.

Hedge Funds Weigh In On Campbell Soup

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pensionfund Sabic grew its position in shares of Campbell Soup by 43.3% in the 4th quarter. Pensionfund Sabic now owns 29,800 shares of the company's stock worth $1,248,000 after buying an additional 9,000 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Campbell Soup by 3.3% in the 4th quarter. Nordea Investment Management AB now owns 381,269 shares of the company's stock worth $15,941,000 after buying an additional 12,331 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Campbell Soup in the 4th quarter worth approximately $569,000. Principal Financial Group Inc. grew its position in shares of Campbell Soup by 6.8% in the 3rd quarter. Principal Financial Group Inc. now owns 278,607 shares of the company's stock worth $13,629,000 after buying an additional 17,663 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after buying an additional 1,792,005 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.