Teacher Retirement System of Texas Invests $1.13 Million in The Campbell's Company (NASDAQ:CPB)

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

Several other large investors also recently made changes to their positions in CPB. DoubleLine ETF Adviser LP boosted its position in Campbell's by 2.8% in the fourth quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock valued at $487,000 after buying an additional 312 shares in the last quarter. Koss Olinger Consulting LLC grew its position in shares of Campbell's by 0.7% during the 4th quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company's stock worth $2,195,000 after buying an additional 380 shares during the period. Horizon Investments LLC increased its stake in shares of Campbell's by 18.2% in the 4th quarter. Horizon Investments LLC now owns 3,160 shares of the company's stock valued at $131,000 after acquiring an additional 487 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Campbell's by 6.6% during the first quarter. GAMMA Investing LLC now owns 8,064 shares of the company's stock worth $322,000 after acquiring an additional 496 shares in the last quarter. Finally, Rodgers Brothers Inc. increased its holdings in shares of Campbell's by 1.8% in the fourth quarter. Rodgers Brothers Inc. now owns 28,000 shares of the company's stock worth $1,173,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CPB. Piper Sandler reduced their price objective on shares of Campbell's from $41.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday. Barclays decreased their target price on Campbell's from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Monday. Citigroup reduced their price target on Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research note on Tuesday, June 3rd. Morgan Stanley dropped their target price on Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. Finally, UBS Group started coverage on shares of Campbell's in a research report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 target price on the stock. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $39.33.

Campbell's Stock Performance

NASDAQ CPB traded down $0.30 during trading hours on Tuesday, hitting $30.41. The company had a trading volume of 5,935,953 shares, compared to its average volume of 3,249,592. The company has a market cap of $9.07 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 8.96 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 Campbell's Company has a 1-year low of $29.39 and a 1-year high of $52.81. The business has a 50 day moving average of $33.06 and a 200-day moving average of $36.77.

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

Campbell's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 5.13%. Campbell's's dividend payout ratio is currently 103.31%.

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.