Campbell Soup (NASDAQ:CPB) EVP Anthony Sanzio Sells 2,000 Shares

Campbell Soup (NASDAQ:CPB) EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was 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 of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Campbell Soup Stock Down 3.0 %

Shares of NASDAQ CPB traded down $1.24 during midday trading on Monday, hitting $40.50. The company’s stock had a trading volume of 2,599,873 shares, compared to its average volume of 2,234,146. The business’s fifty day simple moving average is $43.99 and its two-hundred day simple moving average is $46.67. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a $0.39 dividend. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.85%. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Barclays lowered their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Finally, Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus price target of $50.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Campbell Soup in the second quarter worth approximately $32,000. nVerses Capital LLC acquired a new position in Campbell Soup during the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup during the 3rd quarter worth about $39,000. Sentry Investment Management LLC purchased a new stake in Campbell Soup during the 2nd quarter worth about $44,000. Finally, Friedenthal Financial purchased a new stake in Campbell Soup during the 3rd quarter worth about $48,000. Hedge funds and other institutional investors 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.