The Campbell's Company (NASDAQ:CPB) Plans Quarterly Dividend of $0.25

Key Points

• Campbell’s declared a quarterly dividend of $0.25 per share, payable November 2 to shareholders of record October 1, implying an annualized yield of approximately 4.5%.
• For the latest quarter, Campbell’s reported adjusted EPS of $0.39, in line with estimates, while revenue fell 7.9% year over year to $2.14 billion and EPS declined from $0.62.
• CPB shares traded at $22.13, near the lower end of their 52-week range, while institutional investors owned 52.35% of the company.

The Campbell's Company (NASDAQ:CPB - Get Free Report) announced a quarterly dividend on Thursday, September 3rd. Investors of record on Thursday, October 1st will be given a dividend of 0.25 per share on Monday, November 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, October 1st.

Campbell's has raised its dividend by an average of 0.0%annually over the last three years.

Campbell's Price Performance

CPB traded down $1.65 during midday trading on Thursday, hitting $22.13. The stock had a trading volume of 37,435,197 shares, compared to its average volume of 8,280,191. The company has a market cap of $6.60 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 2.41 and a beta of 0.03. The business has a fifty day moving average of $22.76 and a 200 day moving average of $22.41. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. Campbell's has a 1 year low of $19.56 and a 1 year high of $34.17.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Campbell's had a net margin of 6.12% and a return on equity of 18.04%. The firm had revenue of $2.14 billion for the quarter. During the same period last year, the business posted $0.62 earnings per share. The company's revenue was down 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Campbell's will post 2.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Campbell's

A number of hedge funds and other institutional investors have recently made changes to their positions in CPB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Campbell's by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company's stock worth $777,000 after purchasing an additional 685 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Campbell's by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company's stock valued at $26,369,000 after buying an additional 27,374 shares during the period. Empowered Funds LLC bought a new position in Campbell's in the first quarter worth about $446,000. Woodline Partners LP raised its stake in Campbell's by 40.9% in the first quarter. Woodline Partners LP now owns 16,623 shares of the company's stock worth $664,000 after buying an additional 4,827 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Campbell's by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after buying an additional 750 shares during the period. Institutional investors own 52.35% of the company's stock.

Campbell's Company Profile

Campbell's NASDAQ: CPB is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell's has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company's brand portfolio includes Campbell's Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.

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