Brandywine Trust Co. Purchases 84,778 Shares of The Campbell's Company (NASDAQ:CPB)

Brandywine Trust Co. lifted its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,867,984 shares of the company's stock after buying an additional 84,778 shares during the quarter. Campbell's makes up about 32.2% of Brandywine Trust Co.'s investment portfolio, making the stock its 2nd largest position. Brandywine Trust Co. owned about 1.63% of Campbell's worth $203,871,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ballentine Partners LLC lifted its position in Campbell's by 2.8% during the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after purchasing an additional 262 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Campbell's by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after acquiring an additional 290 shares during the last quarter. SPC Financial Inc. grew its position in Campbell's by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock worth $569,000 after acquiring an additional 300 shares in the last quarter. Ascent Wealth Partners LLC increased its stake in Campbell's by 1.5% during the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock worth $845,000 after acquiring an additional 306 shares during the last quarter. Finally, DoubleLine ETF Adviser LP raised its position in Campbell's by 2.8% during the fourth quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock valued at $487,000 after purchasing an additional 312 shares during the period. Institutional investors own 52.35% of the company's stock.

Campbell's Stock Down 0.8 %

NASDAQ CPB traded down $0.27 during trading on Friday, reaching $35.31. 1,958,393 shares of the company's stock traded hands, compared to its average volume of 2,775,605. The company's 50 day simple moving average is $37.98 and its two-hundred day simple moving average is $40.50. The Campbell's Company has a 12-month low of $35.09 and a 12-month high of $52.81. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. 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'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 analysts' consensus estimates of $0.73 by $0.01. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The business's quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Announces Dividend

The company 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 was Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.42%. Campbell's's dividend payout ratio is presently 90.17%.

Wall Street Analyst Weigh In

CPB has been the topic of several analyst reports. DA Davidson cut their target price on Campbell's from $46.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada lowered their target price on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. BNP Paribas raised shares of Campbell's to a "strong sell" rating in a research note on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Finally, Citigroup dropped their target price on Campbell's from $39.00 to $37.00 and set a "sell" 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 issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $44.27.

Insider Activity

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.