The Campbell's Company (NASDAQ:CPB) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,662,547 shares of the company's stock after acquiring an additional 966,044 shares during the period. Deutsche Bank AG owned 0.89% of Campbell's worth $111,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Sherman Asset Management Inc. purchased a new stake in shares of Campbell's during the 4th quarter worth about $36,000. Principal Securities Inc. increased its holdings in shares of Campbell's by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after buying an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of Campbell's during the 4th quarter worth approximately $42,000. Quent Capital LLC increased 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 worth $46,000 after buying an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Campbell's in the 4th quarter valued at approximately $47,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPB has been the subject of several research reports. 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 for the company in a research note on Thursday, March 6th. Wells Fargo & Company reduced 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 research report on Thursday, March 6th. BNP Paribas upgraded shares of Campbell's to a "strong sell" rating in a research note on Wednesday, February 26th. UBS Group began coverage on shares of Campbell's in a research note on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price target on the stock. Finally, DA Davidson dropped their price target on shares of Campbell's from $46.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Five equities 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.27.

Campbell's Trading Up 1.3%

NASDAQ:CPB traded up $0.47 during trading hours on Friday, reaching $35.43. 837,481 shares of the company were exchanged, compared to its average volume of 2,792,416. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.71 and a beta of 0.14. The Campbell's Company has a 52-week low of $34.27 and a 52-week high of $52.81. The stock has a 50 day simple moving average of $37.53 and a 200 day simple moving average of $40.21.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 company 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% compared to the same quarter last year. As a group, analysts predict that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio is presently 90.17%.

Insider Buying and Selling

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the business'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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.19% of the stock is owned by company 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.