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 that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Campbell Soup Stock Performance

NASDAQ CPB opened at $39.23 on Thursday. The business has a 50 day moving average price of $43.71 and a 200 day moving average price of $46.62. The company has a market capitalization of $11.69 billion, a P/E ratio of 21.44, a PEG ratio of 2.96 and a beta of 0.19. Campbell Soup has a 1-year low of $38.88 and a 1-year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.39 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.98%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Wells Fargo & Company reduced their target price on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. DA Davidson restated a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Barclays lowered their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.75.

Institutional Investors Weigh In On Campbell Soup

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

Campbell Soup Company Profile

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.