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

Deutsche Bank AG boosted its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 56.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,662,547 shares of the company's stock after acquiring an additional 966,044 shares during the quarter. Deutsche Bank AG owned 0.89% of Campbell's worth $111,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Campbell's by 38.2% during the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock worth $194,556,000 after acquiring an additional 1,282,957 shares during the period. Norges Bank bought a new position in Campbell's during the fourth quarter worth about $50,908,000. Cerity Partners LLC increased its position in Campbell's by 294.4% during the fourth quarter. Cerity Partners LLC now owns 837,301 shares of the company's stock worth $35,115,000 after acquiring an additional 625,010 shares during the period. Dimensional Fund Advisors LP increased its position in Campbell's by 15.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,030,627 shares of the company's stock worth $168,790,000 after acquiring an additional 550,210 shares during the period. Finally, Van ECK Associates Corp grew its stake in Campbell's by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock worth $387,273,000 after buying an additional 531,281 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.19% of the stock is owned by corporate insiders.

Campbell's Stock Down 2.5%

Shares of CPB stock traded down $0.87 during mid-day trading on Wednesday, hitting $34.31. The stock had a trading volume of 4,901,416 shares, compared to its average volume of 2,794,420. The Campbell's Company has a 12-month low of $34.27 and a 12-month high of $52.81. The firm has a market capitalization of $10.23 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The firm's 50-day moving average is $37.68 and its two-hundred day moving average is $40.30. 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 announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. Campbell's's quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is 90.17%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPB. Jefferies Financial Group reduced their price objective on shares of Campbell's from $42.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Bank of America reduced their price objective on shares of Campbell's from $45.00 to $41.00 and set an "underperform" rating on the stock in a research note on Thursday, March 6th. UBS Group assumed coverage on shares of Campbell's in a research note on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price objective on the stock. Stifel Nicolaus decreased their target price on 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, Royal Bank of Canada dropped 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. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.