Brown Advisory Inc. Grows Stake in The Campbell's Company (NASDAQ:CPB)

Brown Advisory Inc. grew its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,386,495 shares of the company's stock after buying an additional 61,173 shares during the period. Brown Advisory Inc. owned 0.47% of Campbell's worth $58,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sherman Asset Management Inc. bought a new position in Campbell's in the fourth quarter worth $36,000. Principal Securities Inc. increased its stake in shares of Campbell's by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co purchased a new position in Campbell's during the 4th quarter valued at about $42,000. Quent Capital LLC boosted its stake in 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 in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Campbell's in the fourth quarter worth about $47,000. Institutional investors own 52.35% of the company's stock.

Insider Activity

In other Campbell's 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 of the company's stock, valued at $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 is available through this link. Corporate insiders own 20.19% of the company's stock.

Campbell's Trading Down 0.1 %

Shares of CPB stock opened at $35.86 on Monday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock has a fifty day simple moving average of $38.47 and a two-hundred day simple moving average of $40.88. The firm has a market capitalization of $10.69 billion, a PE ratio of 19.60, a PEG ratio of 2.71 and a beta of 0.14. The Campbell's Company has a 52-week low of $35.35 and a 52-week high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS 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 for the quarter, compared to analysts' expectations of $2.74 billion. Campbell's's quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.39 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.35%. Campbell's's dividend payout ratio (DPR) is 90.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CPB shares. Stifel Nicolaus lowered their target price on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating for the company in a report on Friday, January 24th. DA Davidson dropped their target price on Campbell's from $46.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Morgan Stanley assumed coverage on Campbell's in a report on Monday, March 24th. They set an "equal weight" rating and a $40.00 price target for the company. Royal Bank of Canada dropped their price target on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Campbell's from $43.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Five 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. Based on data from MarketBeat, Campbell's currently has an average rating of "Hold" and a consensus price target of $44.27.

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.

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