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

The Campbell's Company (NASDAQ:CPB - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $31.51 and last traded at $31.50, with a volume of 938623 shares changing hands. The stock had previously closed at $32.17.

Analyst Ratings Changes

CPB has been the topic of a number of research reports. Stifel Nicolaus decreased their price objective on Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. Wells Fargo & Company reduced their target price on Campbell's from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft reduced their target price on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. Bank of America reduced their target price on Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a report on Tuesday, June 3rd. Finally, Royal Bank Of Canada reduced their target price on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a report on Tuesday, June 3rd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Campbell's has a consensus rating of "Hold" and a consensus target price of $40.11.

Campbell's Stock Down 0.7%

The firm has a 50 day moving average of $34.50 and a two-hundred day moving average of $37.81. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 9.09 and a beta of 0.11. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. Campbell's's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. As a group, sell-side analysts anticipate that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a $0.39 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 5.04%. Campbell's's dividend payout ratio is presently 103.31%.

Insider Buying and Selling at Campbell's

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now directly owns 37,590 shares in the company, valued at approximately $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 20.19% of the company's stock.

Hedge Funds Weigh In On Campbell's

Several large investors have recently bought and sold shares of the company. Voya Investment Management LLC raised its position in Campbell's by 0.8% in the first quarter. Voya Investment Management LLC now owns 56,837 shares of the company's stock valued at $2,269,000 after purchasing an additional 425 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of Campbell's by 3.5% during the first quarter. Howe & Rusling Inc. now owns 11,786 shares of the company's stock worth $470,000 after acquiring an additional 400 shares during the last quarter. Inspire Investing LLC raised its position in shares of Campbell's by 27.1% during the first quarter. Inspire Investing LLC now owns 7,835 shares of the company's stock worth $313,000 after acquiring an additional 1,669 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Campbell's by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after acquiring an additional 750 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of Campbell's during the first quarter worth about $205,000. 52.35% of the stock is currently owned by institutional investors.

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.