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

Shares of Campbell Soup (NASDAQ:CPB) hit a new 52-week low during trading on Tuesday following insider selling activity. 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 Campbell Soup stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CPB shares. TD Cowen raised their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Barclays lowered their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Finally, Wells Fargo & Company reduced their target price on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and an average price target of $50.75.

Campbell Soup Trading Down 1.4 %

The firm’s 50 day simple moving average is $43.71 and its two-hundred day simple moving average is $46.62. The stock has a market capitalization of $11.91 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.96 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Thursday, January 2nd. Campbell Soup’s dividend payout ratio is 85.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL raised its stake in shares of Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after purchasing an additional 218 shares during the last quarter. Brown Lisle Cummings Inc. raised its position in Campbell Soup by 1.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after buying an additional 254 shares during the last quarter. Diversified Trust Co lifted its stake in Campbell Soup by 0.3% during the 3rd quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock valued at $4,297,000 after acquiring an additional 283 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Campbell Soup by 4.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after acquiring an additional 287 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Campbell Soup by 7.4% in the 3rd 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. Institutional investors own 52.35% of the company’s stock.

About Campbell Soup

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.