Nuveen Asset Management LLC Buys 579,308 Shares of The Campbell's Company (NASDAQ:CPB)

Nuveen Asset Management LLC boosted its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,822,900 shares of the company's stock after acquiring an additional 579,308 shares during the quarter. Nuveen Asset Management LLC owned 0.61% of Campbell's worth $76,343,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Campbell's by 6.8% during the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company's stock worth $13,629,000 after buying an additional 17,663 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Campbell's by 5.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 13,331 shares of the company's stock valued at $558,000 after buying an additional 703 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Campbell's by 11.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 29,087 shares of the company's stock valued at $1,218,000 after acquiring an additional 2,886 shares during the last quarter. Avanza Fonder AB purchased a new stake in shares of Campbell's during the fourth quarter worth about $768,000. Finally, Premier Path Wealth Partners LLC increased its holdings in Campbell's by 3.9% in the fourth quarter. Premier Path Wealth Partners LLC now owns 26,079 shares of the company's stock valued at $1,092,000 after buying an additional 983 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CPB. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. Citigroup decreased their price target on shares of Campbell's from $37.00 to $33.00 and set a "sell" rating on the stock in a research note on Monday. Royal Bank of Canada dropped their price target on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, March 6th. Stifel Nicolaus reduced their price objective on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on shares of Campbell's from $43.00 to $40.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $43.73.

Campbell's Stock Down 4.1%

Campbell's stock traded down $1.46 during mid-day trading on Wednesday, reaching $34.23. 4,225,416 shares of the company were exchanged, compared to its average volume of 2,815,837. The firm has a market cap of $10.21 billion, a P/E ratio of 18.70, a PEG ratio of 2.71 and a beta of 0.14. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The business has a fifty day moving average of $37.33 and a 200 day moving average of $39.94. The Campbell's Company has a 12-month low of $34.20 and a 12-month high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. Research 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. Investors of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio is presently 90.17%.

Insider Buying and Selling at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction that occurred on Monday, March 31st. The shares were 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 $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.19% of the company's stock.

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.