Ensign Peak Advisors Inc Purchases 96,355 Shares of The Campbell's Company (NASDAQ:CPB)

Ensign Peak Advisors Inc increased its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,056,937 shares of the company's stock after acquiring an additional 96,355 shares during the quarter. Ensign Peak Advisors Inc owned about 0.69% of Campbell's worth $86,145,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages have commented on CPB. Royal Bank of Canada decreased their price objective on Campbell's from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. DA Davidson reduced their target price 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. Citigroup cut their price objective on shares of Campbell's from $39.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, March 6th. Jefferies Financial Group dropped their target price on shares of Campbell's from $42.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company reduced their price target on Campbell's from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Campbell's has an average rating of "Hold" and a consensus target price of $44.27.

Insider Buying and Selling at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now directly owns 37,590 shares of the company's stock, valued at $1,504,727.70. This represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 20.19% of the company's stock.

Campbell's Stock Down 2.1%

CPB traded down $0.76 on Tuesday, hitting $35.18. 3,470,584 shares of the company were exchanged, compared to its average volume of 2,784,008. The stock's fifty day moving average is $37.83 and its 200-day moving average is $40.34. The Campbell's Company has a 12 month low of $34.87 and a 12 month high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The company has a market cap of $10.49 billion, a PE ratio of 19.22, a PEG ratio of 2.71 and a beta of 0.14.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The company had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.74 billion. The business's quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders 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 yield of 4.43%. Campbell's's dividend payout ratio (DPR) is presently 90.17%.

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.