Ameriprise Financial Inc. Has $7.17 Million Stock Holdings in The Campbell's Company (NASDAQ:CPB)

Ameriprise Financial Inc. reduced its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,107 shares of the company's stock after selling 63,288 shares during the period. Ameriprise Financial Inc. owned 0.06% of Campbell's worth $7,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CPB. Assenagon Asset Management S.A. lifted its stake in shares of Campbell's by 5.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 13,331 shares of the company's stock worth $558,000 after acquiring an additional 703 shares during the period. HB Wealth Management LLC boosted its position in shares of Campbell's by 4.3% during the 4th quarter. HB Wealth Management LLC now owns 7,718 shares of the company's stock valued at $323,000 after purchasing an additional 319 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Campbell's by 14.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,285 shares of the company's stock valued at $221,000 after purchasing an additional 686 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Campbell's by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after purchasing an additional 262 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Campbell's by 17.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 34,247 shares of the company's stock valued at $1,434,000 after purchasing an additional 5,123 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Campbell's from $42.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Royal Bank of Canada reduced their price objective on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company reduced their price objective on shares of Campbell's from $43.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. BNP Paribas upgraded shares of Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Finally, Bank of America cut their price target on shares of Campbell's from $41.00 to $37.00 and set an "underperform" rating on the stock in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $42.80.

Campbell's Stock Down 0.2%

Shares of CPB traded down $0.06 during mid-day trading on Wednesday, hitting $34.28. 147,830 shares of the company's stock were exchanged, compared to its average volume of 2,839,238. The firm has a fifty day moving average of $36.87 and a two-hundred day moving average of $39.52. The Campbell's Company has a twelve month low of $32.95 and a twelve month high of $52.81. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.71 and a beta of 0.14. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The business's revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio is 90.17%.

Insider Activity

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction 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 directly owns 37,590 shares of the company's stock, valued at $1,504,727.70. This represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 20.19% of the company's stock.

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.