Allspring Global Investments Holdings LLC lessened its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 22.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,914 shares of the company's stock after selling 45,964 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Campbell's worth $6,261,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 worth $487,000 after purchasing an additional 312 shares during the last quarter. Koss Olinger Consulting LLC grew its stake 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 valued at $2,195,000 after acquiring an additional 380 shares during the period. Horizon Investments LLC boosted its stake in Campbell's by 18.2% in the 4th quarter. Horizon Investments LLC now owns 3,160 shares of the company's stock worth $131,000 after purchasing an additional 487 shares during the period. GAMMA Investing LLC boosted its stake in Campbell's by 6.6% in the 1st quarter. GAMMA Investing LLC now owns 8,064 shares of the company's stock worth $322,000 after purchasing an additional 496 shares during the period. Finally, Rodgers Brothers Inc. boosted its stake in Campbell's by 1.8% in the 4th quarter. Rodgers Brothers Inc. now owns 28,000 shares of the company's stock worth $1,173,000 after purchasing an additional 504 shares during the period. Institutional investors own 52.35% of the company's stock.
Campbell's Trading Down 1.0%
CPB stock traded down $0.30 during midday trading on Wednesday, reaching $30.74. The company's stock had a trading volume of 4,848,515 shares, compared to its average volume of 3,127,228. 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 stock has a fifty day simple moving average of $33.46 and a two-hundred day simple moving average of $37.10. The Campbell's Company has a 1 year low of $30.22 and a 1 year high of $52.81. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 9.06 and a beta of 0.08.
Campbell's (NASDAQ:CPB - Get Free Report) last announced 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. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. On average, equities research analysts predict that The Campbell's Company will post 3.15 EPS for the current year.
Campbell's Dividend Announcement
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 given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is currently 103.31%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on CPB shares. Citigroup lowered their target price 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. Consumer Edge reiterated an "equal weight" rating on shares of Campbell's in a research report on Monday, March 17th. Deutsche Bank Aktiengesellschaft lowered their target price on Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Stephens lowered their target price on Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Finally, DA Davidson lowered their target price on Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Five investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $40.00.
Read Our Latest Research Report on Campbell's
About Campbell's
(
Free Report)
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.
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