Brown Advisory Inc. Has $1.87 Million Stock Position in The Campbell's Company (NASDAQ:CPB)

Brown Advisory Inc. cut its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 96.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,854 shares of the company's stock after selling 1,339,641 shares during the quarter. Brown Advisory Inc.'s holdings in Campbell's were worth $1,870,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. NBC Securities Inc. purchased a new position in shares of Campbell's during the first quarter worth approximately $31,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Campbell's during the fourth quarter worth $47,000. Riverview Trust Co acquired a new stake in shares of Campbell's during the first quarter worth $46,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Campbell's during the fourth quarter worth $59,000. Finally, Curat Global LLC acquired a new stake in shares of Campbell's during the first quarter worth $58,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell's Trading Down 1.7%

Shares of NASDAQ:CPB traded down $0.54 during mid-day trading on Monday, hitting $30.70. The stock had a trading volume of 708,050 shares, compared to its average volume of 3,208,831. 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 company has a market cap of $9.15 billion, a PE ratio of 20.47, a P/E/G ratio of 9.12 and a beta of 0.08. The Campbell's Company has a 12-month low of $29.39 and a 12-month high of $52.81. The company's 50 day moving average is $33.26 and its 200-day moving average is $36.89.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly 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 business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, sell-side analysts predict that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 5.08%. Campbell's's payout ratio is presently 103.31%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CPB shares. Wells Fargo & Company cut their price target on Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Citigroup dropped their price objective on Campbell's from $33.00 to $32.00 and set a "sell" 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 research report on Monday, June 9th. Evercore ISI dropped their price objective on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research report on Thursday, May 29th. Finally, 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 report on Tuesday, June 3rd. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $39.72.

Campbell's Company 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.