Campbell's (NASDAQ:CPB) Sets New 52-Week Low - Should You Sell?

The Campbell's Company (NASDAQ:CPB - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $35.85 and last traded at $36.09, with a volume of 560510 shares changing hands. The stock had previously closed at $36.72.

Analyst Ratings Changes

CPB has been the topic of several recent analyst reports. Morgan Stanley began coverage on Campbell's in a research note on Monday, March 24th. They issued an "equal weight" rating and a $40.00 target price on the stock. Consumer Edge reissued an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. BNP Paribas raised Campbell's to a "strong sell" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered shares of Campbell's from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Finally, Stifel Nicolaus reduced their price target on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Campbell's currently has a consensus rating of "Hold" and a consensus target price of $44.27.

Campbell's Trading Down 0.7 %

The company has a market cap of $10.75 billion, a P/E ratio of 19.67, a PEG ratio of 2.71 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The stock's 50 day moving average is $38.90 and its 200-day moving average is $41.30.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.74 billion. The business's revenue was up 9.3% on a year-over-year basis. Research analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.33%. The ex-dividend date is Thursday, April 3rd. Campbell's's dividend payout ratio is currently 90.17%.

Insider Transactions at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 20.19% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NBC Securities Inc. bought a new position in shares of Campbell's in the 1st quarter worth approximately $31,000. Sherman Asset Management Inc. bought a new position in Campbell's in the fourth quarter worth approximately $36,000. Principal Securities Inc. boosted its stake in shares of Campbell's by 45.5% during the 4th 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. Kentucky Trust Co bought a new stake in shares of Campbell's during the 4th quarter valued at $42,000. Finally, Quent Capital LLC increased its stake in shares of Campbell's by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after purchasing an additional 481 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Company Profile

The Campbell's Company, formerly known as 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.