Campbell Soup (NASDAQ:CPB) Sets New 52-Week Low - Time to Sell?

Campbell Soup (NASDAQ:CPB - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $37.61 and last traded at $37.93, with a volume of 131724 shares traded. The stock had previously closed at $37.74.

Wall Street Analyst Weigh In

Several research firms have commented on CPB. Royal Bank of Canada reissued a "sector perform" rating and set a $51.00 price target on shares of Campbell Soup in a research note on Monday, December 2nd. Argus raised shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price target for the company in a research note on Friday, September 20th. Stephens reaffirmed an "overweight" rating on shares of Campbell Soup in a research note on Wednesday, December 4th. DA Davidson reissued a "neutral" rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus reduced their price target on Campbell Soup from $50.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup presently has an average rating of "Hold" and an average price target of $50.75.

Campbell Soup Stock Up 2.3 %

The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $11.51 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19. The company's fifty day moving average price is $43.24 and its 200-day moving average price is $46.49.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.04%. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup's payout ratio is 85.25%.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 20.19% of the company's stock.

Hedge Funds Weigh In On Campbell Soup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup during the second quarter valued at approximately $32,000. nVerses Capital LLC bought a new position in shares of Campbell Soup during the 3rd quarter valued at $34,000. Ashton Thomas Securities LLC purchased a new position in shares of Campbell Soup in the 3rd quarter worth $39,000. Friedenthal Financial bought a new stake in shares of Campbell Soup in the third quarter worth $48,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Campbell Soup by 463.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,747 shares of the company's stock worth $82,000 after acquiring an additional 1,437 shares during the period. 52.35% of the stock is 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.