Hamel Associates Inc. Increases Position in The Campbell's Company (NASDAQ:CPB)

Hamel Associates Inc. boosted its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,655 shares of the company's stock after buying an additional 25,140 shares during the quarter. Hamel Associates Inc.'s holdings in Campbell's were worth $4,098,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CPB. Lifeworks Advisors LLC lifted its holdings in shares of Campbell's by 22.9% during the 1st quarter. Lifeworks Advisors LLC now owns 211,596 shares of the company's stock valued at $8,447,000 after purchasing an additional 39,385 shares in the last quarter. Advisor OS LLC lifted its stake in Campbell's by 34.8% in the first quarter. Advisor OS LLC now owns 15,662 shares of the company's stock valued at $625,000 after buying an additional 4,043 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Campbell's by 4.9% in the first quarter. Allianz Asset Management GmbH now owns 24,903 shares of the company's stock valued at $994,000 after buying an additional 1,156 shares in the last quarter. Wealth Quarterback LLC boosted its holdings in shares of Campbell's by 48.8% in the first quarter. Wealth Quarterback LLC now owns 24,257 shares of the company's stock valued at $968,000 after buying an additional 7,955 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Campbell's by 4.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 15,162 shares of the company's stock worth $605,000 after acquiring an additional 589 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell's Trading Down 0.9%

NASDAQ:CPB traded down $0.29 during trading hours on Monday, hitting $32.37. The company had a trading volume of 1,834,532 shares, compared to its average volume of 4,027,657. 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 capitalization of $9.65 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 9.53 and a beta of 0.08. The stock has a 50-day moving average price of $32.52 and a 200 day moving average price of $36.24.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate 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 was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, equities research analysts predict that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Announces Dividend

The company 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 is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 4.82%. Campbell's's payout ratio is 103.31%.

Analysts Set New Price Targets

CPB has been the subject of several recent research reports. Evercore ISI reduced their price objective on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research report on Thursday, May 29th. Stephens decreased their price target on shares of Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. DA Davidson lowered their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Jefferies Financial Group reduced their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, Piper Sandler decreased their target price on shares of Campbell's from $41.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, July 15th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.33.

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.