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Asset Management One Co. Ltd. Reduces Position in The Campbell's Company (NASDAQ:CPB)

Campbell's logo with Consumer Staples background

Asset Management One Co. Ltd. lessened its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 232,084 shares of the company's stock after selling 30,014 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.08% of Campbell's worth $9,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NBC Securities Inc. purchased a new position in shares of Campbell's during the 1st quarter worth approximately $31,000. Sherman Asset Management Inc. bought a new stake in shares of Campbell's during the fourth quarter valued at approximately $36,000. Principal Securities Inc. grew its stake in Campbell's by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after purchasing an additional 290 shares during the period. Riverview Trust Co bought a new position in Campbell's in the first quarter worth $46,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Campbell's during the fourth quarter valued at $47,000. Institutional investors own 52.35% of the company's stock.

Campbell's Stock Performance

Campbell's stock traded up $1.04 during midday trading on Tuesday, reaching $31.69. 6,246,750 shares of the company traded hands, compared to its average volume of 3,076,377. The Campbell's Company has a 12 month low of $30.47 and a 12 month high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. The business has a 50 day moving average of $34.10 and a two-hundred day moving average of $37.52. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 8.95 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The firm had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same period in the prior year, the firm earned $0.75 EPS. The company's revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict 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. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.92%. Campbell's's dividend payout ratio is currently 103.31%.

Analyst Upgrades and Downgrades

CPB has been the subject of several research reports. Evercore ISI decreased their price target on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research note on Thursday, May 29th. Argus downgraded shares of Campbell's from a "buy" rating to a "hold" rating in a research note on Friday, June 20th. DA Davidson lowered their target price on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Stifel Nicolaus cut their price target on Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a research note on Tuesday, June 3rd. Finally, Morgan Stanley lowered their price objective on Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 3rd. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $40.11.

Get 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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Institutional Ownership by Quarter for Campbell's (NASDAQ:CPB)

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