The Campbell's Company $CPB Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815,240 shares of the company's stock after acquiring an additional 27,759 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of Campbell's worth $72,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Manchester Capital Management LLC increased its stake in shares of Campbell's by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after acquiring an additional 637 shares during the period. NBC Securities Inc. acquired a new position in Campbell's during the first quarter worth about $31,000. Riverview Trust Co acquired a new position in Campbell's during the first quarter worth about $46,000. Banque Cantonale Vaudoise acquired a new position in Campbell's during the first quarter worth about $47,000. Finally, Curat Global LLC acquired a new position in Campbell's during the first quarter worth about $58,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CPB. Jefferies Financial Group lowered their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Wells Fargo & Company lowered their price target on shares of Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 9th. Stifel Nicolaus lowered their price target on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Barclays lowered their price target on shares of Campbell's from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Monday, July 14th. Finally, Bank of America lowered their price target on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $38.89.

Campbell's Trading Down 0.7%

Shares of CPB stock traded down $0.24 during mid-day trading on Monday, reaching $32.27. The company's stock had a trading volume of 1,713,369 shares, compared to its average volume of 4,114,382. The company's 50 day simple moving average is $31.95 and its 200-day simple moving average is $35.55. The Campbell's Company has a 12-month low of $29.39 and a 12-month high of $52.81. 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 firm has a market capitalization of $9.62 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 10.25 and a beta of 0.08.

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, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The business's revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. On average, research analysts predict that The Campbell's Company will post 3.15 EPS for the current fiscal year.

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.