Campbell's (NASDAQ:CPB) Reaches New 1-Year Low - Time to Sell?

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 $32.95 and last traded at $33.70, with a volume of 5980389 shares. The stock had previously closed at $34.11.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CPB. DA Davidson lowered their target price on Campbell's from $46.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada lowered their price objective on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday, March 6th. Citigroup dropped their price objective on shares of Campbell's from $37.00 to $33.00 and set a "sell" rating for the company in a research note on Monday, May 19th. Bank of America decreased their target price on shares of Campbell's from $41.00 to $37.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 21st. Finally, Morgan Stanley started coverage on Campbell's in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 price target for the company. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.80.

Campbell's Stock Down 1.6%

The stock has a market cap of $10.08 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The business has a fifty day moving average of $36.78 and a 200-day moving average of $39.48. 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's (NASDAQ:CPB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is presently 90.17%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Campbell's

A number of large investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its stake in Campbell's by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after buying an additional 637 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Campbell's during the first quarter worth about $31,000. Sherman Asset Management Inc. acquired a new position in shares of Campbell's during the fourth quarter valued at about $36,000. Principal Securities Inc. increased its holdings in shares of Campbell's by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after acquiring an additional 290 shares in the last quarter. Finally, 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 valued at $39,000 after purchasing an additional 750 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

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.