Campbell Soup (NYSE:CPB) EVP Sells $10,937.50 in Stock

Campbell Soup (NYSE:CPB - Get Free Report) EVP Anthony Sanzio sold 250 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $43.75, for a total transaction of $10,937.50. Following the completion of the transaction, the executive vice president now owns 13,988 shares in the company, valued at approximately $611,975. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Campbell Soup Stock Performance

Shares of Campbell Soup stock traded up $0.42 during trading on Monday, reaching $43.72. The company's stock had a trading volume of 2,300,231 shares, compared to its average volume of 2,797,606. Campbell Soup has a one year low of $37.94 and a one year high of $55.88. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 3.25 and a beta of 0.24. The business's fifty day moving average price is $43.08 and its 200-day moving average price is $42.26.

Campbell Soup (NYSE:CPB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the business posted $0.80 EPS. The company's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities research analysts predict that Campbell Soup will post 3.06 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is presently 57.81%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Campbell Soup by 6.3% during the first quarter. Vanguard Group Inc. now owns 23,259,524 shares of the company's stock worth $1,036,678,000 after buying an additional 1,387,605 shares in the last quarter. BlackRock Inc. increased its position in shares of Campbell Soup by 2.1% during the first quarter. BlackRock Inc. now owns 17,657,529 shares of the company's stock valued at $970,811,000 after purchasing an additional 357,500 shares during the period. State Street Corp increased its position in shares of Campbell Soup by 16.8% during the first quarter. State Street Corp now owns 12,182,043 shares of the company's stock valued at $542,954,000 after purchasing an additional 1,749,650 shares during the period. Van ECK Associates Corp raised its stake in shares of Campbell Soup by 97.2% in the fourth quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company's stock valued at $316,844,000 after purchasing an additional 3,613,495 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. lifted its position in Campbell Soup by 2.3% in the second quarter. Beutel Goodman & Co Ltd. now owns 5,274,588 shares of the company's stock worth $241,101,000 after purchasing an additional 119,965 shares during the period. Institutional investors own 52.35% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CPB shares. Citigroup assumed coverage on shares of Campbell Soup in a research note on Thursday, February 1st. They issued a "sell" rating and a $41.00 price target on the stock. Piper Sandler reaffirmed a "neutral" rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Tuesday, March 26th. Evercore ISI initiated coverage on Campbell Soup in a report on Wednesday, March 13th. They set an "in-line" rating and a $49.00 price target for the company. TheStreet upgraded Campbell Soup from a "c+" rating to a "b-" rating in a report on Wednesday, January 3rd. Finally, DA Davidson began coverage on shares of Campbell Soup in a research report on Friday, March 1st. They set a "buy" rating and a $48.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Campbell Soup has an average rating of "Hold" and an average price target of $46.38.

About Campbell Soup

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.