Savoir Faire Capital Management L.P. Has $1.66 Million Stock Position in The Campbell's Company (NASDAQ:CPB)

Savoir Faire Capital Management L.P. trimmed its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 81.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,537 shares of the company's stock after selling 186,520 shares during the quarter. Savoir Faire Capital Management L.P.'s holdings in Campbell's were worth $1,658,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in shares of Campbell's in the 1st quarter valued at about $31,000. Physician Wealth Advisors Inc. acquired a new stake in Campbell's during the fourth quarter worth approximately $47,000. Riverview Trust Co purchased a new stake in shares of Campbell's during the 1st quarter worth approximately $46,000. Canada Post Corp Registered Pension Plan acquired a new stake in Campbell's during the 4th quarter worth $59,000. Finally, Curat Global LLC purchased a new stake in Campbell's in the first quarter valued at $58,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPB has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 9th. Argus downgraded shares of Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Barclays decreased their target price on Campbell's from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Monday, July 14th. Bank of America dropped their price target on Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a research report on Tuesday, June 3rd. Finally, UBS Group began coverage on shares of Campbell's in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price objective on the stock. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Campbell's currently has an average rating of "Hold" and an average target price of $39.33.

Campbell's Trading Up 4.6%

Shares of NASDAQ:CPB traded up $1.43 during mid-day trading on Tuesday, hitting $32.21. The stock had a trading volume of 4,731,520 shares, compared to its average volume of 3,293,205. The company has a market cap of $9.60 billion, a PE ratio of 21.33, a P/E/G ratio of 8.99 and a beta of 0.08. The company's 50 day moving average is $32.64 and its 200-day moving average is $36.40. 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 12-month low of $29.39 and a 12-month high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. Campbell's's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. On average, sell-side analysts predict that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is presently 103.31%.

Campbell's 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.