MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $787,000 Position in The Campbell's Company (NASDAQ:CPB)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 28.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,787 shares of the company's stock after selling 7,291 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Campbell's were worth $787,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. boosted its stake in 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 acquiring an additional 290 shares during the last quarter. SPC Financial Inc. boosted its stake in Campbell's by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after acquiring an additional 300 shares during the last quarter. Ascent Wealth Partners LLC boosted its stake in Campbell's by 1.5% in the fourth 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 during the last quarter. DoubleLine ETF Adviser LP boosted its stake in Campbell's by 2.8% in the fourth 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 during the last quarter. Finally, Spire Wealth Management boosted its stake in Campbell's by 29.6% in the fourth quarter. Spire Wealth Management now owns 1,406 shares of the company's stock valued at $59,000 after acquiring an additional 321 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell's Stock Up 1.1%

CPB stock traded up $0.38 during midday trading on Thursday, hitting $34.17. The company's stock had a trading volume of 4,498,208 shares, compared to its average volume of 2,856,831. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The Campbell's Company has a twelve month low of $32.95 and a twelve month high of $52.81. The company's fifty day moving average price is $36.70 and its 200 day moving average price is $39.41. The stock has a market capitalization of $10.19 billion, a P/E ratio of 18.67, a PEG ratio of 2.71 and a beta of 0.14.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell's's revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts predict that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is 90.17%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of Campbell's from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $48.00 to $37.00 in a research note on Thursday, March 6th. Royal Bank of Canada cut their target price on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating on the stock in a report on Thursday, March 6th. Piper Sandler cut their target price on shares of Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Bank of America cut their target price on shares of Campbell's from $41.00 to $37.00 and set an "underperform" rating on the stock in a report on Wednesday, May 21st. Finally, Consumer Edge reiterated an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Campbell's has a consensus rating of "Hold" and a consensus price target of $42.80.

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 shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares of the company's stock, valued at approximately $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 accessible through the SEC website. 20.19% of the stock is currently owned by insiders.

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.