Diversified Trust Co Boosts Stake in The Campbell's Company (NASDAQ:CPB)

Diversified Trust Co boosted its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,482 shares of the company's stock after purchasing an additional 10,896 shares during the period. Diversified Trust Co's holdings in Campbell's were worth $3,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. boosted its position in Campbell's by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after buying an additional 290 shares during the period. Truist Financial Corp raised its stake in shares of Campbell's by 4.4% during the fourth quarter. Truist Financial Corp now owns 14,634 shares of the company's stock valued at $613,000 after acquiring an additional 615 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Campbell's by 4.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company's stock valued at $177,487,000 after purchasing an additional 199,470 shares during the period. Advisor OS LLC bought a new position in Campbell's in the fourth quarter worth approximately $487,000. Finally, Proficio Capital Partners LLC purchased a new position in Campbell's during the 4th quarter worth $1,664,000. 52.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CPB has been the topic of several recent research reports. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell's in a research report on Monday, March 17th. Bank of America dropped their price objective 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. Piper Sandler cut their target price on Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group lowered their price target on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Five 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 company's stock. According to data from MarketBeat.com, Campbell's presently has an average rating of "Hold" and an average target price of $40.11.

Insider Transactions at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the sale, the executive vice president now directly owns 37,590 shares of the company's stock, valued at $1,504,727.70. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.19% of the company's stock.

Campbell's Trading Down 0.7%

NASDAQ CPB opened at $30.96 on Friday. The Campbell's Company has a 12-month low of $30.91 and a 12-month high of $52.81. The company has a fifty day simple moving average of $34.50 and a two-hundred day simple moving average of $37.81. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. The stock has a market cap of $9.23 billion, a P/E ratio of 20.50, a P/E/G ratio of 9.09 and a beta of 0.11.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the firm earned $0.75 EPS. The firm's revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is 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.

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