DekaBank Deutsche Girozentrale Has $8.74 Million Stock Position in The Campbell's Company (NASDAQ:CPB)

DekaBank Deutsche Girozentrale lessened its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 222,338 shares of the company's stock after selling 15,214 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of Campbell's worth $8,742,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Two Sigma Advisers LP lifted its stake in Campbell's by 272.7% during the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock worth $93,949,000 after purchasing an additional 1,641,400 shares during the period. Man Group plc lifted its stake in Campbell's by 1,296.1% during the fourth quarter. Man Group plc now owns 1,407,161 shares of the company's stock worth $58,932,000 after purchasing an additional 1,306,372 shares during the period. Invesco Ltd. lifted its stake in Campbell's by 38.2% during the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock worth $194,556,000 after purchasing an additional 1,282,957 shares during the period. Norges Bank acquired a new stake in shares of Campbell's during the fourth quarter worth approximately $50,908,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Campbell's during the fourth quarter worth approximately $48,468,000. Institutional investors own 52.35% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Evercore ISI decreased their price target on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. Wells Fargo & Company decreased their price target on shares of Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, July 9th. Finally, DA Davidson cut their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.72.

Campbell's Stock Down 1.7%

NASDAQ:CPB traded down $0.54 on Monday, hitting $30.70. 3,016,214 shares of the company's stock were exchanged, compared to its average volume of 3,928,439. The firm has a 50-day moving average price of $33.26 and a 200-day moving average price of $36.89. 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 Campbell's Company has a 52 week low of $29.39 and a 52 week high of $52.81. The company has a market cap of $9.15 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 9.12 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.48 billion for 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%. Campbell's's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. As a group, analysts expect 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. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 5.08%. Campbell's's dividend payout ratio (DPR) is currently 103.31%.

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.