Campbell's (NASDAQ:CPB) Reaches New 12-Month Low - What's Next?

The Campbell's Company (NASDAQ:CPB - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $30.47 and last traded at $30.65, with a volume of 6770164 shares. The stock had previously closed at $30.79.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Stifel Nicolaus lowered their target price on Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a research note on Tuesday, June 3rd. Jefferies Financial Group cut their price target on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Bank of America decreased their price objective on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a report on Tuesday, June 3rd. Finally, Piper Sandler lowered their price objective on shares of Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Campbell's currently has an average rating of "Hold" and an average price target of $40.11.

Campbell's Stock Performance

The business has a 50 day moving average of $33.88 and a 200-day moving average of $37.41. The company has a market capitalization of $9.30 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 9.32 and a beta of 0.08. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly 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. The firm had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The company's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. On average, sell-side analysts predict that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's payout ratio is 103.31%.

Institutional Trading of Campbell's

A number of large investors have recently modified their holdings of CPB. Manchester Capital Management LLC grew its stake in 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 buying an additional 637 shares in the last quarter. NBC Securities Inc. purchased a new position in Campbell's in the first quarter worth $31,000. Geneos Wealth Management Inc. increased its stake in Campbell's by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after acquiring an additional 750 shares during the last quarter. Riverview Trust Co bought a new position in Campbell's in the first quarter valued at $46,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in Campbell's during the fourth quarter valued at about $47,000. Institutional investors own 52.35% of the company's stock.

Campbell's Company Profile

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.