Natixis Advisors LLC Sells 8,395 Shares of The Campbell's Company (NASDAQ:CPB)

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.

Natixis Advisors LLC cut its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. NBC Securities Inc. purchased a new position in Campbell's during the 1st quarter valued at about $31,000. Riverview Trust Co bought a new stake in Campbell's during the first quarter worth about $46,000. Banque Cantonale Vaudoise purchased a new position in shares of Campbell's in the 1st quarter worth about $47,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Campbell's during the 4th quarter valued at about $59,000. Finally, Curat Global LLC purchased a new position in shares of Campbell's during the 1st quarter valued at about $58,000. Institutional investors own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CPB shares. Wells Fargo & Company cut their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Jefferies Financial Group cut their price objective on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. 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. Stephens lowered their price target on shares of Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Finally, Royal Bank Of Canada cut their price target on shares of 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.06.

Campbell's Trading Down 0.5%

Shares of NASDAQ:CPB traded down $0.15 on Thursday, hitting $32.39. The company had a trading volume of 1,573,722 shares, compared to its average volume of 4,114,975. The firm's 50-day simple moving average is $32.03 and its two-hundred day simple moving average is $35.70. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. 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 firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 10.03 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $2.48 billion for 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%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Equities analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

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.