Inscription Capital LLC Buys Shares of 10,000 The Campbell's Company (NASDAQ:CPB)

Inscription Capital LLC purchased a new position in The Campbell's Company (NASDAQ:CPB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company's stock, valued at approximately $399,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Securities Inc. lifted 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 acquiring an additional 290 shares in the last quarter. SPC Financial Inc. lifted its position in Campbell's by 2.3% in the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after acquiring an additional 300 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in Campbell's by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after acquiring an additional 306 shares in the last quarter. DoubleLine ETF Adviser LP lifted its position in Campbell's by 2.8% in the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock valued at $487,000 after acquiring an additional 312 shares in the last quarter. Finally, Koss Olinger Consulting LLC lifted its position in Campbell's by 0.7% in the 4th quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company's stock valued at $2,195,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Insider Buying and Selling

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CPB shares. Royal Bank Of Canada lowered their price target 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. Stifel Nicolaus lowered their price target on Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. Argus cut Campbell's from a "buy" rating to a "hold" rating in a report on Friday. DA Davidson lowered their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Finally, Bank of America lowered their price target on Campbell's from $37.00 to $33.00 and set an "underperform" 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 assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Campbell's currently has a consensus rating of "Hold" and an average price target of $40.11.

Campbell's Price Performance

Shares of Campbell's stock traded down $0.01 during trading on Friday, reaching $31.84. 13,228,319 shares of the stock traded hands, compared to its average volume of 3,004,229. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 9.28 and a beta of 0.11. The business has a fifty day simple moving average of $34.99 and a two-hundred day simple moving average of $38.09. 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 $31.58 and a 52-week high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Sell-side analysts expect that The Campbell's Company will post 3.15 EPS for the current 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 given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 4.90%. Campbell's's dividend payout ratio is currently 103.31%.

About Campbell's

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.