Nuveen LLC Takes $65.59 Million Position in The Campbell's Company (NASDAQ:CPB)

Key Points

• Nuveen LLC has acquired a $65.59 million stake in The Campbell's Company, purchasing 1,642,974 shares during the first quarter.
• Campbell's reported a quarterly EPS of $0.73, surpassing expectations of $0.65, with revenue of $2.48 billion for the quarter.
• The stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a price target of $39.06.

Nuveen LLC purchased a new stake in The Campbell's Company (NASDAQ:CPB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,642,974 shares of the company's stock, valued at approximately $65,588,000. Nuveen LLC owned approximately 0.55% of Campbell's at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in Campbell's by 2.1% in the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock worth $962,877,000 after acquiring an additional 494,567 shares during the period. Invesco Ltd. lifted its stake in Campbell's by 6.9% during the first quarter. Invesco Ltd. now owns 4,965,668 shares of the company's stock worth $198,229,000 after purchasing an additional 320,120 shares in the last quarter. Brandywine Trust Co. lifted its stake in 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. Dimensional Fund Advisors LP lifted its stake in Campbell's by 15.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,030,627 shares of the company's stock worth $168,790,000 after purchasing an additional 550,210 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Campbell's by 56.9% during the fourth quarter. Deutsche Bank AG now owns 2,662,547 shares of the company's stock worth $111,507,000 after purchasing an additional 966,044 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell's Stock Performance

Shares of CPB stock opened at $32.54 on Thursday. The stock's 50-day moving average is $32.03 and its two-hundred day moving average is $35.70. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 10.03 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 quick ratio of 0.33 and a current ratio of 0.78.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. Analysts predict that The Campbell's Company will post 3.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CPB shares. Jefferies Financial Group decreased their price target on Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. DA Davidson reduced their price objective on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. Morgan Stanley reduced their price objective on Campbell's from $40.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 3rd. Finally, UBS Group began coverage on Campbell's in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price objective on the stock. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Campbell's presently has a consensus rating of "Hold" and a consensus price target of $39.06.

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.

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