The Campbell Soup Company (NASDAQ:CPB - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $36.92 and last traded at $37.36, with a volume of 142917 shares traded. The stock had previously closed at $37.53.
Analyst Ratings Changes
A number of brokerages have issued reports on CPB. Piper Sandler upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Wells Fargo & Company cut their target price on Campbell Soup from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Citigroup dropped their price target on Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research note on Thursday, December 5th. Stephens reiterated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $51.00 target price on shares of Campbell Soup in a research note on Monday, December 2nd. Two equities research 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, Campbell Soup has a consensus rating of "Hold" and a consensus price target of $50.17.
Get Our Latest Stock Report on CPB
Campbell Soup Trading Up 1.5 %
The stock has a market cap of $11.52 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.59 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock's fifty day moving average is $40.22 and its 200 day moving average is $45.31.
Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. As a group, equities research analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.
Campbell Soup Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, January 2nd. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's payout ratio is currently 85.25%.
Insider Activity at Campbell Soup
In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm'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 transaction, the executive vice president now owns 16,551 shares of the company's stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.19% of the stock is owned by company insiders.
Hedge Funds Weigh In On Campbell Soup
Several institutional investors have recently bought and sold shares of the business. Brown Lisle Cummings Inc. increased its position in shares of Campbell Soup by 1.3% during the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company's stock worth $986,000 after purchasing an additional 254 shares in the last quarter. Ballentine Partners LLC increased its position in Campbell Soup by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after buying an additional 262 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Campbell Soup by 4.0% in the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company's stock valued at $369,000 after buying an additional 287 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Campbell Soup by 7.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company's stock worth $207,000 after acquiring an additional 290 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.
About Campbell Soup
(
Get Free Report)
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.
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