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The Campbell's Company (NASDAQ:CPB) is QSM Asset Management Ltd's 8th Largest Position

Campbell's logo with Consumer Staples background

QSM Asset Management Ltd grew its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 25.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,539 shares of the company's stock after purchasing an additional 40,000 shares during the period. Campbell's makes up 6.0% of QSM Asset Management Ltd's investment portfolio, making the stock its 8th biggest holding. QSM Asset Management Ltd owned about 0.07% of Campbell's worth $8,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Value Partners Investments Inc. purchased a new position in Campbell's in the first quarter worth $3,597,000. Charles Schwab Investment Management Inc. grew its position in shares of Campbell's by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company's stock valued at $74,860,000 after purchasing an additional 21,849 shares in the last quarter. TrueMark Investments LLC grew its holdings in Campbell's by 1,178.3% during the 1st quarter. TrueMark Investments LLC now owns 135,042 shares of the company's stock valued at $5,391,000 after buying an additional 124,478 shares in the last quarter. Diversified Trust Co increased its holdings in Campbell's by 12.4% during the 1st quarter. Diversified Trust Co now owns 98,482 shares of the company's stock worth $3,931,000 after acquiring an additional 10,896 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Campbell's in the first quarter worth $860,000. Institutional investors own 52.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CPB. Stephens dropped their target price on shares of Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Evercore ISI lowered their price objective 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. Jefferies Financial Group cut their target price 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. JPMorgan Chase & Co. lowered shares of Campbell's from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Finally, Consumer Edge restated an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $40.11.

Get Our Latest Stock Analysis on CPB

Campbell's Stock Performance

Shares of CPB traded up $1.04 during mid-day trading on Tuesday, hitting $31.69. 6,221,320 shares of the company traded hands, compared to its average volume of 3,075,050. The stock has a 50-day moving average price of $34.23 and a two-hundred day moving average price of $37.57. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 8.99 and a beta of 0.11. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The Campbell's Company has a 1 year low of $30.47 and a 1 year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data 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. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm's revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is currently 103.31%.

About Campbell's

(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)

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