Quantinno Capital Management LP Increases Stake in The Campbell's Company (NASDAQ:CPB)

Quantinno Capital Management LP raised its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 66,312 shares of the company's stock after purchasing an additional 11,841 shares during the period. Quantinno Capital Management LP's holdings in Campbell's were worth $2,777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. acquired a new stake in shares of Campbell's in the 4th quarter worth $36,000. Principal Securities Inc. increased its stake in shares of Campbell's by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of Campbell's in the 4th quarter worth $42,000. Quent Capital LLC increased its stake in shares of Campbell's by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after acquiring an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Campbell's in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell's Stock Performance

Shares of Campbell's stock opened at $35.48 on Tuesday. The business has a 50-day moving average of $37.38 and a 200 day moving average of $39.97. The Campbell's Company has a 12 month low of $34.27 and a 12 month high of $52.81. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

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

Campbell's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is 90.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPB. Bank of America cut their target price on Campbell's from $45.00 to $41.00 and set an "underperform" rating for the company in a research note on Thursday, March 6th. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. UBS Group began coverage on Campbell's in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 target price for the company. Jefferies Financial Group cut their target price on Campbell's from $42.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. Finally, Citigroup cut their price objective on Campbell's from $37.00 to $33.00 and set a "sell" rating for the company in a research report on Monday. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $44.00.

Insider Activity at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. This trade represents a 6.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.19% of the stock is currently owned by company insiders.

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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