Cerity Partners LLC Boosts Stake in The Campbell's Company (NASDAQ:CPB)

Cerity Partners LLC boosted its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 27.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,068,719 shares of the company's stock after buying an additional 231,418 shares during the quarter. Cerity Partners LLC owned approximately 0.36% of Campbell's worth $42,663,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in Campbell's in the 1st quarter valued at approximately $31,000. Physician Wealth Advisors Inc. purchased a new position in shares of Campbell's during the 4th quarter worth $47,000. Riverview Trust Co purchased a new position in shares of Campbell's during the 1st quarter worth $46,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of Campbell's during the 4th quarter worth $59,000. Finally, Curat Global LLC purchased a new position in shares of Campbell's during the 1st quarter worth $58,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell's Stock Up 2.5%

Shares of Campbell's stock opened at $31.24 on Friday. The business has a 50-day moving average of $33.26 and a 200-day moving average of $36.96. 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 company has a market capitalization of $9.31 billion, a PE ratio of 20.69, a P/E/G ratio of 8.90 and a beta of 0.08. The Campbell's Company has a 1-year low of $29.39 and a 1-year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The company's revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. As a group, equities analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Announces Dividend

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 4.99%. Campbell's's payout ratio is 103.31%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Bank of America cut their target price on Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a research report on Tuesday, June 3rd. Wells Fargo & Company cut their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Barclays cut their target price on Campbell's from $40.00 to $35.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 3rd. Argus lowered Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Finally, Jefferies Financial Group lowered their price target on Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Campbell's currently has a consensus rating of "Hold" and a consensus price target of $40.00.

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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