Campbell Soup (NASDAQ:CPB) Hits New 52-Week Low on Insider Selling

Campbell Soup (NASDAQ:CPB - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $40.26 and last traded at $40.45, with a volume of 229883 shares changing hands. The stock had previously closed at $40.50.

Specifically, EVP Anthony Sanzio sold 2,000 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company's stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPB. Stifel Nicolaus lowered their price target on shares of Campbell Soup from $50.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, December 5th. Piper Sandler upgraded shares of Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Citigroup decreased their target price on shares of Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a report on Thursday, December 5th. Stephens reiterated an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein upgraded shares of Campbell Soup from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $55.00 to $58.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $50.75.

Campbell Soup Trading Down 1.4 %

The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.96 and a beta of 0.19. The business's 50-day simple moving average is $43.85 and its 200-day simple moving average is $46.66.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's payout ratio is currently 85.25%.

Hedge Funds Weigh In On Campbell Soup

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Campbell Soup during the second quarter worth approximately $32,000. nVerses Capital LLC purchased a new stake in Campbell Soup during the third quarter worth approximately $34,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup during the third quarter worth approximately $39,000. Sentry Investment Management LLC purchased a new stake in Campbell Soup during the second quarter worth approximately $44,000. Finally, Friedenthal Financial purchased a new position in shares of Campbell Soup in the third quarter valued at $48,000. Institutional investors and hedge funds own 52.35% of the company's stock.

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.