Universal Beteiligungs und Servicegesellschaft mbH Takes Position in The Campbell's Company (NASDAQ:CPB)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in The Campbell's Company (NASDAQ:CPB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 249,818 shares of the company's stock, valued at approximately $10,462,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Campbell's at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Two Sigma Advisers LP boosted its position in Campbell's by 272.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock worth $93,949,000 after purchasing an additional 1,641,400 shares in the last quarter. Man Group plc increased its holdings in Campbell's by 1,296.1% in the fourth quarter. Man Group plc now owns 1,407,161 shares of the company's stock valued at $58,932,000 after buying an additional 1,306,372 shares in the last quarter. Invesco Ltd. grew its position in shares of Campbell's by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock valued at $194,556,000 after acquiring an additional 1,282,957 shares during the period. Norges Bank acquired a new stake in Campbell's in the fourth quarter valued at approximately $50,908,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Campbell's in the fourth quarter valued at approximately $48,468,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Campbell's Trading Up 0.1%

Shares of CPB traded up $0.02 during mid-day trading on Wednesday, reaching $34.28. The stock had a trading volume of 4,324,900 shares, compared to its average volume of 2,912,638. The Campbell's Company has a 52-week low of $32.95 and a 52-week high of $52.81. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 2.71 and a beta of 0.14. The business's fifty day moving average is $36.31 and its 200 day moving average is $39.14. 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 posted its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. Campbell's's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.55%. Campbell's's dividend payout ratio is currently 90.17%.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of research analyst reports. BNP Paribas raised shares of Campbell's to a "strong sell" rating in a research note on Wednesday, February 26th. Morgan Stanley decreased their price objective on shares of Campbell's from $40.00 to $35.00 and set an "equal weight" rating on the stock in a report on Tuesday. Wells Fargo & Company cut their target price on shares of Campbell's from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. Citigroup reduced their price target on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research report on Tuesday. Finally, Piper Sandler lowered their price objective on Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $40.39.

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.