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

The Campbell's Company (NASDAQ:CPB - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $32.83 and last traded at $32.93, with a volume of 384951 shares. The stock had previously closed at $33.40.

Analyst Ratings Changes

A number of brokerages have recently commented on CPB. Royal Bank of Canada lowered their price target on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a report on Tuesday, June 3rd. Bank of America decreased their target price on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a research report on Tuesday, June 3rd. Wells Fargo & Company decreased their target price on shares of Campbell's from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. Morgan Stanley decreased their target price on shares of Campbell's from $40.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. Finally, Stifel Nicolaus decreased their target price on shares of Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $40.11.

Campbell's Trading Down 0.2%

The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 2.71 and a beta of 0.11. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The business's 50-day simple moving average is $35.67 and its two-hundred day simple moving average is $38.70.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.68%. Campbell's's dividend payout ratio is currently 103.31%.

Insider Activity

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction on Monday, March 31st. The shares were 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 in the company, valued at approximately $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.19% of the company's stock.

Institutional Trading of Campbell's

A number of hedge funds and other institutional investors have recently made changes to their positions in CPB. Mirae Asset Global Investments Co. Ltd. increased its stake in Campbell's by 55.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,855 shares of the company's stock valued at $955,000 after purchasing an additional 8,159 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Campbell's by 102.7% during the fourth quarter. State of Alaska Department of Revenue now owns 46,398 shares of the company's stock valued at $1,943,000 after purchasing an additional 23,510 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Campbell's by 43.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,803 shares of the company's stock valued at $1,290,000 after purchasing an additional 9,315 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Campbell's by 9.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 6,574 shares of the company's stock valued at $275,000 after purchasing an additional 561 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in Campbell's by 41.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,232 shares of the company's stock valued at $261,000 after purchasing an additional 1,821 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

About Campbell's

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.