Campbell Soup (NASDAQ:CPB) EVP Anthony Sanzio Sells 2,000 Shares of Stock

Campbell Soup (NASDAQ:CPB) EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Campbell Soup Stock Down 3.0 %

Shares of Campbell Soup stock opened at $40.50 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The company has a 50-day moving average of $43.85 and a 200 day moving average of $46.66. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.96 and a beta of 0.19. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.85%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup in the 2nd quarter worth about $32,000. nVerses Capital LLC purchased a new stake in Campbell Soup during the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup during the 3rd quarter valued at about $39,000. Sentry Investment Management LLC purchased a new stake in Campbell Soup during the 2nd quarter valued at about $44,000. Finally, Friedenthal Financial purchased a new stake in Campbell Soup during the 3rd quarter valued at about $48,000. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on CPB shares. Stifel Nicolaus decreased their target price on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, December 5th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, September 20th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Finally, Wells Fargo & Company decreased their price objective on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.92.

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.