Inscription Capital LLC Invests $399,000 in The Campbell's Company (NASDAQ:CPB)

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

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

Insider Activity

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the business'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 transaction, the executive vice president now owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 20.19% of the company's stock.

Campbell's Trading Up 0.1%

CPB stock traded up $0.03 during midday trading on Thursday, hitting $31.85. The stock had a trading volume of 5,113,160 shares, compared to its average volume of 2,973,321. The Campbell's Company has a 12-month low of $31.58 and a 12-month high of $52.81. The company's 50-day moving average price is $35.12 and its 200 day moving average price is $38.22. 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 firm has a market cap of $9.50 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 9.29 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 analysts' consensus estimates of $0.65 by $0.08. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, equities research analysts predict that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 4.90%. Campbell's's payout ratio is 103.31%.

Analyst Ratings Changes

Several equities analysts recently commented on CPB shares. UBS Group assumed coverage on Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 target price on the stock. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. JPMorgan Chase & Co. downgraded Campbell's from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Bank of America lowered their price objective on Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a report on Tuesday, June 3rd. Finally, DA Davidson lowered their price target on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Campbell's presently has an average rating of "Hold" and an average 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.