The Campbell's Company (NASDAQ:CPB) Stake Cut by Brown Advisory Inc.

Brown Advisory Inc. decreased its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 96.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,854 shares of the company's stock after selling 1,339,641 shares during the period. Brown Advisory Inc.'s holdings in Campbell's were worth $1,870,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CPB. Vanguard Group Inc. lifted its stake in shares of Campbell's by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company's stock worth $989,440,000 after purchasing an additional 447,203 shares during the period. Beutel Goodman & Co Ltd. lifted its position in Campbell's by 0.5% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock worth $290,034,000 after buying an additional 35,160 shares during the period. Geode Capital Management LLC boosted its stake in Campbell's by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock worth $222,420,000 after buying an additional 57,717 shares during the last quarter. Brandywine Trust Co. increased its stake in shares of Campbell's by 1.8% during the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock valued at $203,871,000 after acquiring an additional 84,778 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Campbell's by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock worth $194,556,000 after acquiring an additional 1,282,957 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell's Stock Up 1.8%

Shares of NASDAQ CPB traded up $0.55 during midday trading on Wednesday, reaching $30.96. 4,207,702 shares of the company's stock were exchanged, compared to its average volume of 3,253,409. 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 Campbell's Company has a 52-week low of $29.39 and a 52-week high of $52.81. The business's fifty day moving average price is $33.06 and its two-hundred day moving average price is $36.77. The stock has a market capitalization of $9.23 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 8.96 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last released its 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 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%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Analysts forecast that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The business 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 dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 5.04%. Campbell's's payout ratio is 103.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CPB. Stifel Nicolaus dropped their price target on shares of Campbell's from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, June 3rd. DA Davidson dropped their price objective on Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Piper Sandler cut their target price on Campbell's from $41.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday. Morgan Stanley lowered their price target on Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 3rd. Finally, Stephens cut their price objective on Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell's presently has an average rating of "Hold" and an average price target of $39.33.

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.