Gotham Asset Management LLC Has $659,000 Stock Holdings in The Campbell's Company (NASDAQ:CPB)

Gotham Asset Management LLC increased its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 177.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,728 shares of the company's stock after buying an additional 10,062 shares during the period. Gotham Asset Management LLC's holdings in Campbell's were worth $659,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CPB. Invesco Ltd. grew its position in shares of Campbell's by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock worth $194,556,000 after buying an additional 1,282,957 shares during the period. Norges Bank acquired a new position in Campbell's during the fourth quarter valued at approximately $50,908,000. Deutsche Bank AG increased its stake in Campbell's by 56.9% in the fourth quarter. Deutsche Bank AG now owns 2,662,547 shares of the company's stock valued at $111,507,000 after purchasing an additional 966,044 shares in the last quarter. Cerity Partners LLC increased its stake in Campbell's by 294.4% in the fourth quarter. Cerity Partners LLC now owns 837,301 shares of the company's stock valued at $35,115,000 after purchasing an additional 625,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Campbell's by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,030,627 shares of the company's stock worth $168,790,000 after purchasing an additional 550,210 shares during the period. 52.35% of the stock is owned by institutional investors.

Insider Transactions at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the sale, the executive vice president now owns 37,590 shares in the company, valued at approximately $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. 20.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPB. BNP Paribas raised shares of Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Citigroup reduced their target price on Campbell's from $37.00 to $33.00 and set a "sell" rating on the stock in a report on Monday. Consumer Edge reissued an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. Morgan Stanley started coverage on Campbell's in a report on Monday, March 24th. They set an "equal weight" rating and a $40.00 price objective on the stock. Finally, Royal Bank of Canada lowered their target price on Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, March 6th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $43.73.

Campbell's Stock Down 0.4%

Campbell's stock traded down $0.12 during mid-day trading on Thursday, reaching $34.11. The company's stock had a trading volume of 3,253,649 shares, compared to its average volume of 2,820,768. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell's Company has a 12 month low of $33.77 and a 12 month high of $52.81. The business's 50 day simple moving average is $37.24 and its 200 day simple moving average is $39.90. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. The company's quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate 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 given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is presently 90.17%.

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.