ProShare Advisors LLC Boosts Stock Position in The Campbell's Company (NASDAQ:CPB)

ProShare Advisors LLC boosted its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,893 shares of the company's stock after purchasing an additional 9,456 shares during the period. ProShare Advisors LLC's holdings in Campbell's were worth $1,880,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Ballentine Partners LLC lifted its position in shares of Campbell's by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after buying an additional 262 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Campbell's by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after buying an additional 290 shares during the last quarter. SPC Financial Inc. lifted its position in shares of Campbell's by 2.3% during the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after buying an additional 300 shares during the last quarter. Ascent Wealth Partners LLC lifted its position in shares of Campbell's by 1.5% during the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after buying an additional 306 shares during the last quarter. Finally, DoubleLine ETF Adviser LP lifted its position in shares of Campbell's by 2.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock valued at $487,000 after buying an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Insider Buying and Selling

In related news, EVP Charles A. Brawley III sold 2,498 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is owned by corporate insiders.

Campbell's Price Performance

Shares of Campbell's stock opened at $35.69 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $10.64 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The business's 50-day moving average price is $37.33 and its 200-day moving average price is $39.94. The Campbell's Company has a 12 month low of $34.27 and a 12 month high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. Campbell's's revenue for the quarter was up 9.3% compared to the same quarter last year. Sell-side analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

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 given a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 4.37%. Campbell's's payout ratio is 90.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CPB shares. JPMorgan Chase & Co. cut Campbell's from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. UBS Group assumed coverage on Campbell's in a report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price objective on the stock. Consumer Edge reissued an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. Stifel Nicolaus dropped their price objective on Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Finally, Citigroup dropped their price objective on Campbell's from $37.00 to $33.00 and set a "sell" rating on the stock in a report on Monday. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $44.00.

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.

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