The Campbell's Company (NASDAQ:CPB) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 10.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 463,785 shares of the company's stock after buying an additional 43,315 shares during the period. Rhumbline Advisers owned about 0.16% of Campbell's worth $18,514,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CPB. Handelsbanken Fonder AB raised its holdings in shares of Campbell's by 161.8% in the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock worth $7,801,000 after acquiring an additional 115,122 shares during the last quarter. ING Groep NV purchased a new stake in Campbell's during the 4th quarter worth about $1,062,000. Hussman Strategic Advisors Inc. raised its stake in Campbell's by 133.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock valued at $6,156,000 after purchasing an additional 84,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Campbell's by 1.2% in the 4th 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. Finally, Deutsche Bank AG boosted its stake in shares of Campbell's by 56.9% during the 4th 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 during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell's Stock Down 0.6%

Shares of CPB traded down $0.20 during midday trading on Tuesday, reaching $34.07. 7,214,112 shares of the company were exchanged, compared to its average volume of 2,920,098. The Campbell's Company has a 1-year low of $32.95 and a 1-year high of $52.81. The stock has a 50-day moving average price of $35.87 and a 200-day moving average price of $38.83. 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 company has a market cap of $10.16 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 2.71 and a beta of 0.11.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The company's revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Research analysts expect that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The company also recently declared 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 4.58%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is 103.31%.

Insider Buying and Selling

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of Campbell'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 sale, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CPB has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Tuesday, June 3rd. Citigroup reduced their price target on Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a research note on Tuesday, June 3rd. Wells Fargo & Company lowered their price objective on Campbell's from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 30th. Morgan Stanley dropped their target price on Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 3rd. Finally, UBS Group assumed coverage on Campbell's in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $40.11.

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.