Brandywine Global Investment Management LLC Cuts Position in The Campbell's Company (NASDAQ:CPB)

Key Points

• Brandywine Global Investment Management LLC reduced its stake in The Campbell's Company by 4.6%, owning approximately 0.06% of the company valued at $6.86 million after selling 8,350 shares.
• Institutional investors have shown mixed activity, with Fjarde AP Fonden increasing its stake by 25.3% and Russell Investments Group Ltd. increasing by 31.4% during the same quarter.
• Analysts have frequently downgraded Campbell's price targets, with a current consensus rating of "Hold" and an average target price of $39.06.

Brandywine Global Investment Management LLC cut its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,921 shares of the company's stock after selling 8,350 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.06% of Campbell's worth $6,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Campbell's by 25.3% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 112,800 shares of the company's stock worth $4,503,000 after buying an additional 22,800 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Campbell's by 31.4% during the 1st quarter. Russell Investments Group Ltd. now owns 171,148 shares of the company's stock worth $6,830,000 after buying an additional 40,922 shares during the last quarter. Resona Asset Management Co. Ltd. grew its stake in Campbell's by 6.3% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 96,858 shares of the company's stock worth $3,865,000 after buying an additional 5,743 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Campbell's during the 1st quarter worth $427,000. Finally, Public Sector Pension Investment Board grew its stake in Campbell's by 8.1% during the 1st quarter. Public Sector Pension Investment Board now owns 26,922 shares of the company's stock worth $1,075,000 after buying an additional 2,006 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPB. Jefferies Financial Group dropped their target price on Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Royal Bank Of Canada dropped their price target 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. Wells Fargo & Company dropped their price target on Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 9th. Stifel Nicolaus dropped their price target on Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Finally, DA Davidson dropped their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $39.06.

Campbell's Stock Performance

Shares of CPB stock opened at $32.51 on Friday. The stock has a market cap of $9.69 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 10.16 and a beta of 0.08. The business has a 50-day simple moving average of $31.95 and a 200-day simple moving average of $35.58. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The Campbell's Company has a 52-week low of $29.39 and a 52-week high of $52.81.

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, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. Campbell's's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, equities analysts expect 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.

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