The Campbell's Company (NASDAQ:CPB) Position Cut by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 37.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,754 shares of the company's stock after selling 7,074 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Campbell's were worth $492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPB. Sherman Asset Management Inc. acquired a new stake in Campbell's during the fourth quarter worth about $36,000. Principal Securities Inc. lifted its position in Campbell's by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after buying an additional 290 shares in the last quarter. Kentucky Trust Co purchased a new position in shares of Campbell's in the 4th quarter valued at $42,000. Quent Capital LLC lifted its holdings in shares of Campbell's by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Campbell's during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell's Stock Performance

Shares of NASDAQ CPB traded up $0.42 during trading on Wednesday, reaching $36.46. The stock had a trading volume of 2,677,016 shares, compared to its average volume of 2,766,197. The firm's 50 day moving average price is $38.69 and its two-hundred day moving average price is $41.15. The Campbell's Company has a one year low of $35.35 and a one year high of $52.81. The stock has a market cap of $10.87 billion, a PE ratio of 19.92, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

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

Campbell's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.28%. Campbell's's dividend payout ratio is currently 90.17%.

Wall Street Analysts Forecast Growth

CPB has been the topic of several research reports. Citigroup cut their price objective on Campbell's from $39.00 to $37.00 and set a "sell" rating on the stock in a research report on Thursday, March 6th. BNP Paribas upgraded Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price target on Campbell's from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. Bank of America lowered their price objective on shares of Campbell's from $45.00 to $41.00 and set an "underperform" rating for the company in a research report on Thursday, March 6th. Finally, Morgan Stanley assumed coverage on shares of Campbell's in a research report on Monday, March 24th. They set an "equal weight" rating and a $40.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Campbell's presently has an average rating of "Hold" and a consensus price target of $44.27.

Insider Buying and Selling at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 20.19% of the stock is currently owned by insiders.

Campbell's 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.