Lifeworks Advisors LLC Buys 39,385 Shares of The Campbell's Company (NASDAQ:CPB)

Lifeworks Advisors LLC raised its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 22.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 211,596 shares of the company's stock after buying an additional 39,385 shares during the quarter. Campbell's comprises 1.4% of Lifeworks Advisors LLC's holdings, making the stock its 15th largest position. Lifeworks Advisors LLC owned 0.07% of Campbell's worth $8,447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPB. NBC Securities Inc. acquired a new stake in Campbell's during the first quarter worth approximately $31,000. Physician Wealth Advisors Inc. bought a new position in Campbell's in the 4th quarter worth approximately $47,000. Riverview Trust Co acquired a new stake in shares of Campbell's in the first quarter valued at $46,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Campbell's during the 4th quarter worth $59,000. Finally, Curat Global LLC acquired a new stake in shares of Campbell's during the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. Bank of America decreased their target price on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a research report on Tuesday, June 3rd. Royal Bank Of Canada reduced their target price on Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a report on Tuesday, June 3rd. Evercore ISI reduced their target price on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a report on Thursday, May 29th. Finally, Barclays decreased their target price on Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Campbell's presently has an average rating of "Hold" and a consensus price target of $39.33.

Campbell's Trading Down 1.1%

Shares of CPB stock traded down $0.36 on Monday, hitting $32.30. The company had a trading volume of 1,834,532 shares, compared to its average volume of 4,027,657. The firm has a market cap of $9.63 billion, a P/E ratio of 21.38, a P/E/G ratio of 9.53 and a beta of 0.08. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $52.81. The stock's 50-day moving average is $32.52 and its two-hundred day moving average is $36.24. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78.

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 the consensus estimate of $0.65 by $0.08. The company 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%. Campbell's's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, July 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is currently 103.31%.

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.