Landscape Capital Management L.L.C. Purchases New Shares in The Campbell's Company $CPB

Key Points

• Landscape Capital Management L.L.C. acquired 105,953 shares of The Campbell's Company, valued at approximately $4.23 million, signaling increased institutional investment activity in the stock.
• The company's recent earnings report revealed earnings of $0.73 per share, exceeding analysts' estimates, along with quarterly revenue of $2.48 billion, a 4.5% increase year-over-year.
• Analysts have set a consensus rating of "Reduce" for Campbell's stock, with an average price target of $38.44, reflecting cautious sentiment among market experts.

Landscape Capital Management L.L.C. purchased a new position in The Campbell's Company (NASDAQ:CPB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 105,953 shares of the company's stock, valued at approximately $4,230,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG lifted its position in Campbell's by 854.7% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 48,412 shares of the company's stock valued at $1,932,000 after acquiring an additional 43,341 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Campbell's by 13.3% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 10,200 shares of the company's stock valued at $407,000 after acquiring an additional 1,200 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Campbell's by 4.5% during the first quarter. Gamco Investors INC. ET AL now owns 877,635 shares of the company's stock valued at $35,035,000 after acquiring an additional 37,747 shares during the last quarter. Gabelli Funds LLC lifted its position in Campbell's by 2.6% during the first quarter. Gabelli Funds LLC now owns 766,925 shares of the company's stock valued at $30,616,000 after acquiring an additional 19,600 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Campbell's by 9.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 156,765 shares of the company's stock valued at $6,258,000 after acquiring an additional 13,624 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group decreased their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Citigroup decreased their price target on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a report on Tuesday, June 3rd. Evercore ISI decreased their price target on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. Royal Bank Of Canada decreased their price target on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a report on Tuesday, June 3rd. Finally, Barclays decreased their price target on shares of Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $38.11.

Campbell's Stock Performance

Shares of NASDAQ:CPB traded up $0.29 during midday trading on Monday, reaching $31.93. The company's stock had a trading volume of 5,908,823 shares, compared to its average volume of 5,824,681. The firm has a market capitalization of $9.52 billion, a PE ratio of 21.15, a P/E/G ratio of 10.41 and a beta of 0.05. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $52.81. The stock has a fifty day moving average of $31.87 and a 200 day moving average of $35.17. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, equities analysts expect that The Campbell's Company will post 3.15 EPS for the current fiscal year.

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.