Campbell's (NASDAQ:CPB) Reaches New 52-Week Low - Time to Sell?

The Campbell's Company (NASDAQ:CPB - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock 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.

Wall Street Analyst Weigh In

Several analysts have weighed in on CPB shares. Piper Sandler lowered their price target on Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Argus cut Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. UBS Group started coverage on Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price target on the stock. Finally, Bank of America lowered their price target on Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a report on Tuesday, June 3rd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.11.

Campbell's Trading Down 0.5%

The firm has a 50-day moving average of $34.37 and a 200-day moving average of $37.73. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The firm has a market capitalization of $9.18 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 9.04 and a beta of 0.11.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company earned $0.75 EPS. Campbell's's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 5.07%. Campbell's's dividend payout ratio is presently 103.31%.

Insider Activity at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC raised its stake in Campbell's by 0.8% during the first quarter. Voya Investment Management LLC now owns 56,837 shares of the company's stock valued at $2,269,000 after buying an additional 425 shares during the last quarter. Howe & Rusling Inc. raised its stake in Campbell's by 3.5% during the first quarter. Howe & Rusling Inc. now owns 11,786 shares of the company's stock valued at $470,000 after buying an additional 400 shares during the last quarter. Inspire Investing LLC raised its stake in Campbell's by 27.1% during the first quarter. Inspire Investing LLC now owns 7,835 shares of the company's stock valued at $313,000 after buying an additional 1,669 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Campbell's by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after buying an additional 750 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new position in Campbell's during the first quarter valued at $205,000. 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.