29,831 Shares in The Campbell's Company (NASDAQ:CPB) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. acquired 29,831 shares of The Campbell's Company (NASDAQ:CPB), valued at approximately $1.19 million, indicating a growing interest from institutional investors.
• The Campbell's Company reported a quarterly earnings per share of $0.73, exceeding expectations, along with a revenue of $2.48 billion, up 4.5% year-over-year.
• Campbell's has a current dividend yield of 4.8%, but its payout ratio is notably high at 103.31%, which may raise concerns about sustainability.

ASR Vermogensbeheer N.V. acquired a new position in The Campbell's Company (NASDAQ:CPB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,831 shares of the company's stock, valued at approximately $1,191,000.

Other hedge funds have also added to or reduced their stakes in the company. Manchester Capital Management LLC raised its position in Campbell's by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after purchasing an additional 637 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Campbell's during the first quarter valued at approximately $31,000. Riverview Trust Co bought a new position in shares of Campbell's during the first quarter valued at approximately $46,000. Banque Cantonale Vaudoise bought a new position in shares of Campbell's during the first quarter valued at approximately $47,000. Finally, Curat Global LLC bought a new position in shares of Campbell's during the first quarter valued at approximately $58,000. 52.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CPB has been the topic of a number of recent research reports. Argus downgraded shares of Campbell's from a "buy" rating to a "hold" rating in a research note on Friday, June 20th. Royal Bank Of Canada dropped their target price on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Tuesday, June 3rd. DA Davidson dropped their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Jefferies Financial Group dropped their price objective on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Finally, Stephens dropped their price objective on shares of Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $39.06.

Campbell's Stock Performance

Shares of CPB stock traded down $0.01 during mid-day trading on Tuesday, hitting $32.10. 5,057,768 shares of the stock were exchanged, compared to its average volume of 4,134,598. The stock's fifty day simple moving average is $32.11 and its two-hundred day simple moving average is $35.75. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 10.13 and a beta of 0.08. The Campbell's Company has a 12-month low of $29.39 and a 12-month high of $52.81. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78.

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. On average, analysts forecast that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's 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.