Centiva Capital LP Has $542,000 Position in The Campbell's Company (NASDAQ:CPB)

Centiva Capital LP reduced its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 77.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,934 shares of the company's stock after selling 44,435 shares during the quarter. Centiva Capital LP's holdings in Campbell's were worth $542,000 as of its most recent SEC filing.

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

Campbell's Stock Performance

CPB stock traded up $0.58 during trading on Thursday, hitting $34.89. 814,095 shares of the company's stock traded hands, compared to its average volume of 2,786,727. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell's Company has a 52 week low of $34.27 and a 52 week high of $52.81. The stock has a fifty day moving average price of $37.68 and a two-hundred day moving average price of $40.30. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14.

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. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.47%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is currently 90.17%.

Insider Buying and Selling

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 37,590 shares of the company's stock, valued at approximately $1,504,727.70. This represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.19% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPB. Citigroup cut their price objective on shares of Campbell's from $39.00 to $37.00 and set a "sell" rating for the company in a research report on Thursday, March 6th. BNP Paribas upgraded shares of Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Royal Bank of Canada cut their price target 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. Wells Fargo & Company cut their price target on shares of Campbell's from $43.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Finally, Stifel Nicolaus cut their price target 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. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Campbell's currently has a consensus rating of "Hold" and an average target price of $44.27.

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.