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Natixis Advisors LLC Cuts Position in The Campbell's Company (NASDAQ:CPB)

Campbell's logo with Consumer Staples background

Key Points

  • Natixis Advisors LLC reduced its stake in The Campbell's Company by 20.9%, owning 31,842 shares worth approximately $1.27 million at the end of the quarter.
  • Several institutional investors have initiated new positions in Campbell's, with 52.35% of the stock owned by hedge funds and other institutional investors.
  • Wall Street analysts have mixed ratings for Campbell's stock, with five analysts suggesting a "sell", while the consensus rating remains at "Hold" with an average target price of approximately $39.06.
  • Want stock alerts on Campbell's? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Natixis Advisors LLC cut its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 20.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,842 shares of the company's stock after selling 8,395 shares during the quarter. Natixis Advisors LLC's holdings in Campbell's were worth $1,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NBC Securities Inc. purchased a new position in Campbell's during the 1st quarter worth $31,000. Riverview Trust Co purchased a new position in Campbell's during the 1st quarter worth $46,000. Banque Cantonale Vaudoise purchased a new position in Campbell's during the 1st quarter worth $47,000. Canada Post Corp Registered Pension Plan purchased a new position in Campbell's during the 4th quarter worth $59,000. Finally, Curat Global LLC purchased a new position in Campbell's during the 1st quarter worth $58,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CPB has been the subject of a number of research reports. Evercore ISI lowered their price target on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research report on Thursday, May 29th. Piper Sandler reaffirmed a "neutral" rating and set a $34.00 price target (down previously from $35.00) on shares of Campbell's in a research report on Thursday. UBS Group initiated coverage on Campbell's in a research report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price target for the company. Royal Bank Of Canada lowered their price target on Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a research report on Tuesday, June 3rd. Finally, Stifel Nicolaus lowered their price target on Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Campbell's presently has a consensus rating of "Hold" and an average target price of $39.06.

Check Out Our Latest Stock Analysis on Campbell's

Campbell's Stock Performance

Shares of CPB stock opened at $32.44 on Friday. The company has a market capitalization of $9.67 billion, a P/E ratio of 21.48, a P/E/G ratio of 10.13 and a beta of 0.08. The business's 50 day moving average is $32.15 and its two-hundred day moving average is $35.82. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. The Campbell's Company has a 12-month low of $29.39 and a 12-month high of $52.81.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. Campbell's's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. Analysts expect that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.39 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.8%. Campbell's's dividend payout ratio is currently 103.31%.

Campbell's Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Campbell's (NASDAQ:CPB)

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.

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