Aquatic Capital Management LLC Has $13.19 Million Holdings in The Campbell's Company (NASDAQ:CPB)

Aquatic Capital Management LLC boosted its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 184.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 314,922 shares of the company's stock after acquiring an additional 204,122 shares during the period. Aquatic Capital Management LLC owned about 0.11% of Campbell's worth $13,189,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sherman Asset Management Inc. purchased a new stake in Campbell's in the fourth quarter valued at approximately $36,000. Principal Securities Inc. increased its position in shares of Campbell's by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of Campbell's during the fourth quarter worth about $42,000. Quent Capital LLC increased its position in shares of Campbell's by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after acquiring an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Campbell's during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Stock Performance

CPB traded down $0.59 on Thursday, hitting $35.87. The company had a trading volume of 938,750 shares, compared to its average volume of 3,289,547. The company's fifty day moving average price is $38.69 and its 200 day moving average price is $41.15. The Campbell's Company has a 1-year low of $35.35 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. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts predict that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Thursday, April 3rd. Campbell's's dividend payout ratio is currently 90.17%.

Wall Street Analysts Forecast Growth

CPB has been the subject of several research analyst reports. UBS Group initiated coverage on Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price objective for the company. Citigroup lowered their price objective on Campbell's from $39.00 to $37.00 and set a "sell" rating for the company in a report on Thursday, March 6th. Wells Fargo & Company lowered their target price on Campbell's from $43.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. BNP Paribas raised Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price objective on Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday, March 6th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Campbell's currently has a consensus rating of "Hold" and an average price target of $44.27.

Insiders Place Their Bets

In other news, EVP Charles A. Brawley III sold 2,498 shares of the business'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 approximately $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 accessible through the SEC website. Company insiders own 20.19% of the company's stock.

Campbell's Company Profile

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.