Campbell's (NASDAQ:CPB) Hits New 12-Month Low - Here's Why

The Campbell's Company (NASDAQ:CPB - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $30.27 and last traded at $30.98, with a volume of 1044823 shares trading hands. The stock had previously closed at $30.81.

Analyst Ratings Changes

CPB has been the topic of a number of analyst reports. Citigroup decreased their price objective on Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a research note on Tuesday, June 3rd. Stifel Nicolaus reduced their target price on Campbell's from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, June 3rd. Stephens reduced their target price on Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Barclays reduced their target price on Campbell's from $40.00 to $35.00 and set an "underweight" rating for the company in a research report on Tuesday, June 3rd. Finally, DA Davidson reduced their target price on Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Campbell's currently has a consensus rating of "Hold" and an average target price of $40.00.

Campbell's Price Performance

The company has a market capitalization of $9.31 billion, a PE ratio of 20.67, a PEG ratio of 8.97 and a beta of 0.08. The firm has a fifty day moving average of $33.35 and a two-hundred day moving average of $37.03. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The company had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.44 billion. During the same period in the prior year, the business posted $0.75 EPS. Campbell's's quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts anticipate that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.00%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is currently 103.31%.

Institutional Investors Weigh In On Campbell's

Several institutional investors and hedge funds have recently bought and sold shares of the business. Manchester Capital Management LLC raised its position in shares of Campbell's by 923.2% in the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after acquiring an additional 637 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Campbell's in the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. raised its position in shares of Campbell's by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after acquiring an additional 750 shares in the last quarter. Riverview Trust Co bought a new position in shares of Campbell's in the 1st quarter worth approximately $46,000. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Campbell's in the 4th quarter worth approximately $47,000. Hedge funds and other 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.