MQS Management LLC Invests $446,000 in The Campbell's Company (NASDAQ:CPB)

MQS Management LLC bought a new stake in The Campbell's Company (NASDAQ:CPB - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 11,160 shares of the company's stock, valued at approximately $446,000.

A number of other hedge funds have also recently added to or reduced their stakes in CPB. CWM LLC grew its stake in Campbell's by 66.4% in the 1st quarter. CWM LLC now owns 8,503 shares of the company's stock valued at $339,000 after acquiring an additional 3,393 shares during the period. Stephens Inc. AR lifted its holdings in Campbell's by 44.8% during the first quarter. Stephens Inc. AR now owns 126,498 shares of the company's stock valued at $5,050,000 after purchasing an additional 39,150 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Campbell's by 60.7% in the first quarter. Ballentine Partners LLC now owns 15,501 shares of the company's stock valued at $619,000 after purchasing an additional 5,855 shares during the period. Xponance Inc. increased its stake in shares of Campbell's by 1.6% during the first quarter. Xponance Inc. now owns 28,885 shares of the company's stock worth $1,153,000 after purchasing an additional 445 shares in the last quarter. Finally, MJP Associates Inc. ADV raised its position in shares of Campbell's by 34.1% during the 1st quarter. MJP Associates Inc. ADV now owns 13,318 shares of the company's stock worth $532,000 after purchasing an additional 3,384 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Stock Up 2.5%

Shares of NASDAQ CPB opened at $31.24 on Monday. The business has a 50-day moving average of $33.26 and a two-hundred day moving average of $36.89. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 9.12 and a beta of 0.08. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal 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 issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio is presently 103.31%.

Analyst Ratings Changes

Several research firms recently issued reports on CPB. Citigroup lowered their price objective on Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a report on Tuesday, June 3rd. Consumer Edge reiterated an "equal weight" rating on shares of Campbell's in a research report on Monday, March 17th. DA Davidson decreased their price objective on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Jefferies Financial Group dropped their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, Wells Fargo & Company reduced their target price on shares of Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $40.00.

Campbell's 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.

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