Envestnet Asset Management Inc. Has $5.82 Million Holdings in The Campbell's Company (NASDAQ:CPB)

Envestnet Asset Management Inc. cut its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,028 shares of the company's stock after selling 20,607 shares during the period. Envestnet Asset Management Inc.'s holdings in Campbell's were worth $5,823,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Ballentine Partners LLC raised its stake in shares of Campbell's by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after acquiring an additional 262 shares in the last quarter. Principal Securities Inc. raised its position in 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 stake in shares of Campbell's by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock worth $569,000 after buying an additional 300 shares during the period. Ascent Wealth Partners LLC raised its stake in Campbell's by 1.5% during the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after acquiring an additional 306 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of Campbell's by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company's stock worth $323,000 after purchasing an additional 319 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPB has been the subject of several research analyst reports. UBS Group assumed coverage on Campbell's in a research report on Wednesday. They issued a "sell" rating and a $36.00 price objective for the company. BNP Paribas raised Campbell's to a "strong sell" rating in a research note on Wednesday, February 26th. Morgan Stanley began coverage on Campbell's in a research note on Monday, March 24th. They set an "equal weight" rating and a $40.00 price target on the stock. Stifel Nicolaus dropped their price objective on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Finally, Citigroup lowered 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 note on Thursday, March 6th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $44.27.

Campbell's Price Performance

Shares of NASDAQ:CPB traded down $0.43 during trading on Friday, reaching $36.29. The stock had a trading volume of 2,383,113 shares, compared to its average volume of 2,760,217. The stock has a market capitalization of $10.82 billion, a PE ratio of 19.83, a P/E/G ratio of 2.71 and a beta of 0.19. 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 Campbell's Company has a 52 week low of $35.85 and a 52 week high of $52.81. The business's 50-day moving average price is $38.90 and its 200 day moving average price is $41.39.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts predict that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell's's dividend payout ratio (DPR) is currently 90.17%.

Insider Transactions at Campbell's

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

About Campbell's

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.