Rhumbline Advisers Buys 43,315 Shares of The Campbell's Company (NASDAQ:CPB)

Rhumbline Advisers boosted its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 10.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 463,785 shares of the company's stock after purchasing an additional 43,315 shares during the quarter. Rhumbline Advisers owned about 0.16% of Campbell's worth $18,514,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Campbell's by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company's stock valued at $989,440,000 after acquiring an additional 447,203 shares during the period. Van ECK Associates Corp lifted its position in shares of Campbell's by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock valued at $387,273,000 after acquiring an additional 531,281 shares during the period. Beutel Goodman & Co Ltd. lifted its position in shares of Campbell's by 0.5% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock valued at $290,034,000 after acquiring an additional 35,160 shares during the period. Geode Capital Management LLC lifted its position in shares of Campbell's by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock valued at $222,420,000 after acquiring an additional 57,717 shares during the period. Finally, Brandywine Trust Co. lifted its position in shares of Campbell's by 1.8% during the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock valued at $203,871,000 after acquiring an additional 84,778 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares in the company, valued at $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.19% of the company's stock.

Campbell's Trading Up 1.1%

NASDAQ CPB traded up $0.36 during trading hours on Friday, hitting $34.48. 3,252,118 shares of the company's stock were exchanged, compared to its average volume of 2,897,497. The stock has a 50-day simple moving average of $36.09 and a 200 day simple moving average of $38.94. The Campbell's Company has a 1-year low of $32.95 and a 1-year high of $52.81. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.71 and a beta of 0.11. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results 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 business 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 23.79% and a net margin of 5.57%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, equities analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 4.52%. Campbell's's payout ratio is currently 103.31%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CPB shares. Stifel Nicolaus cut their target price on Campbell's from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, June 3rd. Morgan Stanley lowered their price target on Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. Stephens lowered their price target on Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Wells Fargo & Company lowered their price target on Campbell's from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Finally, Bank of America lowered their price target on Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a report on Tuesday, June 3rd. Five investment 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. Based on data from MarketBeat.com, Campbell's currently has a consensus rating of "Hold" and a consensus price target of $40.39.

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.