The Campbell's Company (NASDAQ:CPB) Shares Purchased by Diversified Trust Co

Diversified Trust Co grew its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 12.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,482 shares of the company's stock after purchasing an additional 10,896 shares during the quarter. 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.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. purchased a new position in Campbell's during the 1st quarter worth approximately $31,000. Sherman Asset Management Inc. purchased a new position in shares of Campbell's during the fourth quarter worth approximately $36,000. Principal Securities Inc. grew its position in shares of Campbell's by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in shares of Campbell's in the 4th quarter valued at $47,000. Finally, Riverview Trust Co purchased a new stake in Campbell's in the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell's Price Performance

Shares of NASDAQ CPB traded down $0.11 during trading on Monday, hitting $30.68. 3,902,600 shares of the company were exchanged, compared to its average volume of 3,715,720. 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 1 year low of $30.47 and a 1 year high of $52.81. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 8.99 and a beta of 0.11. The firm's fifty day moving average price is $34.37 and its 200 day moving average price is $37.65.

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

Campbell's Dividend Announcement

The company also recently disclosed 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. This represents a $1.56 annualized dividend and a yield of 5.08%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is currently 103.31%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CPB shares. JPMorgan Chase & Co. downgraded shares of Campbell's from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Stephens lowered their price target on Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Stifel Nicolaus dropped their price target on Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, June 3rd. Wells Fargo & Company decreased their price objective on Campbell's from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 30th. Finally, Royal Bank Of Canada dropped their target price on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a report on Tuesday, June 3rd. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Campbell's currently has a consensus rating of "Hold" and a consensus target price of $40.11.

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.