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

Asset Management One Co. Ltd. reduced its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 11.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,084 shares of the company's stock after selling 30,014 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of Campbell's worth $9,265,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Principal Securities Inc. boosted its holdings in shares of Campbell's by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after acquiring an additional 290 shares during the period. SPC Financial Inc. raised its stake in shares of Campbell's by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock worth $569,000 after purchasing an additional 300 shares during the last quarter. DoubleLine ETF Adviser LP raised its stake in shares of Campbell's by 2.8% during 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 raised its stake in shares of Campbell's by 0.7% during the fourth quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company's stock worth $2,195,000 after purchasing an additional 380 shares during the last quarter. Finally, Horizon Investments LLC raised its stake in shares of Campbell's by 18.2% during the fourth 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 last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell's Price Performance

Campbell's stock traded down $0.17 during trading hours on Friday, hitting $30.79. The stock had a trading volume of 5,145,114 shares, compared to its average volume of 3,046,517. 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 stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 9.04 and a beta of 0.11. The Campbell's Company has a 1-year low of $30.61 and a 1-year high of $52.81. The stock's fifty day moving average is $34.37 and its two-hundred day moving average is $37.73.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its 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. The company 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%. Campbell's's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, analysts predict that The Campbell's Company will post 3.15 earnings per share for the current fiscal 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 paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is currently 103.31%.

Wall Street Analysts Forecast Growth

CPB has been the subject of several analyst reports. DA Davidson cut their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Deutsche Bank Aktiengesellschaft cut their price target on Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Bank of America cut their price target on Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a research note on Tuesday, June 3rd. Jefferies Financial Group cut their price target on Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Finally, Consumer Edge restated an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Campbell's has an average rating of "Hold" and an average price target of $40.11.

Insider Activity at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the sale, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.19% of the company's stock.

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.