Teacher Retirement System of Texas Acquires New Position in The Campbell's Company (NASDAQ:CPB)

Teacher Retirement System of Texas bought a new position in The Campbell's Company (NASDAQ:CPB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,325 shares of the company's stock, valued at approximately $1,131,000.

Several other large investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Campbell's by 13.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock valued at $1,027,000 after buying an additional 3,010 shares in the last quarter. KBC Group NV boosted its holdings in shares of Campbell's by 182.0% during the 1st quarter. KBC Group NV now owns 498,216 shares of the company's stock valued at $19,889,000 after buying an additional 321,520 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Campbell's by 24.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock valued at $534,000 after buying an additional 2,614 shares in the last quarter. Value Partners Investments Inc. bought a new stake in shares of Campbell's during the 1st quarter valued at $3,597,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Campbell's by 9.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,031 shares of the company's stock valued at $22,596,000 after buying an additional 46,866 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CPB shares. Stifel Nicolaus lowered their price target on Campbell's from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, June 3rd. UBS Group started coverage on Campbell's in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price target for the company. Argus lowered Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Citigroup lowered their price target on Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research report on Tuesday, June 3rd. Finally, Evercore ISI lowered their price target on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $39.33.

Campbell's Stock Performance

Shares of NASDAQ CPB traded up $0.34 during midday trading on Thursday, hitting $31.30. 5,890,186 shares of the company's stock traded hands, compared to its average volume of 3,270,770. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 9.04 and a beta of 0.08. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The firm has a fifty day moving average of $32.89 and a 200 day moving average of $36.66.

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

Campbell's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.98%. Campbell's's dividend payout ratio (DPR) is presently 103.31%.

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.