Monte Financial Group LLC Raises Stake in The Campbell's Company (NASDAQ:CPB)

Monte Financial Group LLC boosted its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 20.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 149,399 shares of the company's stock after buying an additional 24,892 shares during the period. Campbell's makes up about 2.3% of Monte Financial Group LLC's investment portfolio, making the stock its 20th largest position. Monte Financial Group LLC owned 0.05% of Campbell's worth $5,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Campbell's by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company's stock valued at $989,440,000 after acquiring an additional 447,203 shares during the period. Beutel Goodman & Co Ltd. increased its holdings in Campbell's by 0.5% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock valued at $290,034,000 after purchasing an additional 35,160 shares in the last quarter. Geode Capital Management LLC raised its position in Campbell's by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock valued at $222,420,000 after purchasing an additional 57,717 shares during the period. Brandywine Trust Co. lifted its stake in shares of Campbell's by 1.8% during the fourth quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock worth $203,871,000 after purchasing an additional 84,778 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Campbell's by 38.2% in the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock worth $194,556,000 after buying an additional 1,282,957 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell's Trading Down 0.0%

Shares of NASDAQ CPB opened at $31.84 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The stock's 50 day moving average price is $34.99 and its two-hundred day moving average price is $38.12. The Campbell's Company has a 52-week low of $31.58 and a 52-week high of $52.81. The stock has a market capitalization of $9.49 billion, a P/E ratio of 21.09, a PEG ratio of 9.29 and a beta of 0.11.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results 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. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the business earned $0.75 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. On average, 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 announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.90%. Campbell's's dividend payout ratio is currently 103.31%.

Insiders Place Their Bets

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the sale, the executive vice president now directly 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 filing with the SEC, which can be accessed through this link. 20.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on CPB shares. Stephens dropped their target price on Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Barclays lowered their price objective on shares of Campbell's from $40.00 to $35.00 and set an "underweight" rating for the company in a research report on Tuesday, June 3rd. Royal Bank Of Canada reduced their target price on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Tuesday, June 3rd. Citigroup lowered their price target on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a report on Tuesday, June 3rd. Finally, Stifel Nicolaus cut their price objective on shares of Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Campbell's currently has a consensus rating of "Hold" and a consensus target price of $40.11.

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.

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Campbell's Company (NASDAQ:CPB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.