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

Campbell Soup (NASDAQ:CPB) EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Campbell Soup Stock Down 1.4 %

Shares of NASDAQ:CPB opened at $39.95 on Wednesday. The business has a 50-day moving average price of $43.71 and a 200 day moving average price of $46.62. Campbell Soup has a 12-month low of $39.81 and a 12-month high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.96 and a beta of 0.19.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.90%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup’s payout ratio is 85.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. LSV Asset Management lifted its stake in Campbell Soup by 5,022.5% during the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after purchasing an additional 2,390,700 shares during the last quarter. Franklin Resources Inc. boosted its stake in Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares during the period. Wulff Hansen & CO. raised its stake in Campbell Soup by 4,419.0% during the 2nd quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock valued at $33,103,000 after acquiring an additional 716,320 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Campbell Soup by 88.2% in the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after purchasing an additional 558,944 shares during the period. Finally, Armistice Capital LLC boosted its holdings in shares of Campbell Soup by 94.0% in the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock valued at $48,259,000 after acquiring an additional 517,550 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPB. Barclays reduced their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. 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. Royal Bank of Canada restated a “sector perform” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. JPMorgan Chase & Co. lifted their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and upped their target price for the company from $55.00 to $58.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.75.

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.