The Campbell's Company (NASDAQ:CPB - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 4,584,743 shares traded hands during mid-day trading, an increase of 46% from the previous session's volume of 3,134,870 shares.The stock last traded at $30.43 and had previously closed at $30.74.
Wall Street Analyst Weigh In
A number of research analysts recently commented on CPB shares. Bank of America lowered their price target on Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a report on Tuesday, June 3rd. Jefferies Financial Group reduced their target price on Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Piper Sandler reduced their target price on Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company reduced their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Evercore ISI reduced their target price on Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a report on Thursday, May 29th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $40.00.
Get Our Latest Research Report on Campbell's
Campbell's Stock Performance
The company has a market cap of $9.31 billion, a P/E ratio of 20.69, a PEG ratio of 8.97 and a beta of 0.08. The firm has a 50 day moving average of $33.35 and a 200-day moving average of $37.03. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57.
Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Campbell's's revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Campbell's Company will post 3.15 EPS for the current fiscal year.
Campbell's Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's payout ratio is 103.31%.
Institutional Investors Weigh In On Campbell's
Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in Campbell's by 22.4% in the second quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company's stock worth $64,000 after acquiring an additional 384 shares in the last quarter. UMB Bank n.a. lifted its holdings in Campbell's by 35.3% in the second quarter. UMB Bank n.a. now owns 2,196 shares of the company's stock valued at $67,000 after acquiring an additional 573 shares during the period. Assenagon Asset Management S.A. grew its position in Campbell's by 7.7% during the second quarter. Assenagon Asset Management S.A. now owns 15,076 shares of the company's stock valued at $462,000 after buying an additional 1,077 shares during the period. TCV Trust & Wealth Management Inc. acquired a new position in shares of Campbell's in the second quarter worth about $568,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Campbell's by 85.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 24,807 shares of the company's stock worth $775,000 after acquiring an additional 11,441 shares during the period. Institutional investors own 52.35% of the company's stock.
About Campbell's
(
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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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