SG Americas Securities LLC Purchases New Shares in The Campbell's Company (NASDAQ:CPB)

SG Americas Securities LLC purchased a new position in The Campbell's Company (NASDAQ:CPB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,551 shares of the company's stock, valued at approximately $860,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPB. Two Sigma Advisers LP lifted its stake in Campbell's by 272.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock worth $93,949,000 after purchasing an additional 1,641,400 shares during the last quarter. Man Group plc lifted its stake in Campbell's by 1,296.1% in the fourth quarter. Man Group plc now owns 1,407,161 shares of the company's stock worth $58,932,000 after purchasing an additional 1,306,372 shares during the last quarter. Invesco Ltd. lifted its stake in Campbell's by 38.2% in the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock worth $194,556,000 after purchasing an additional 1,282,957 shares during the last quarter. Norges Bank bought a new stake in Campbell's in the fourth quarter worth about $50,908,000. Finally, Raiffeisen Bank International AG bought a new stake in Campbell's in the fourth quarter worth about $48,468,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell's Stock Performance

Shares of NASDAQ:CPB traded down $0.01 on Friday, hitting $31.84. 13,228,319 shares of the company were exchanged, compared to its average volume of 3,014,025. The Campbell's Company has a 1-year low of $31.58 and a 1-year high of $52.81. The stock's 50 day moving average price is $34.99 and its 200 day moving average price is $38.12. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $9.49 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 9.29 and a beta of 0.11.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 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 the consensus estimate of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Sell-side analysts predict that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The firm 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. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.90%. Campbell's's dividend payout ratio (DPR) is presently 103.31%.

Insider Buying and Selling

In related news, EVP Charles A. Brawley III sold 2,498 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPB has been the subject of several analyst reports. Citigroup decreased their price objective on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research note on Tuesday, June 3rd. DA Davidson decreased their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Bank of America decreased their price objective on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a research note on Tuesday, June 3rd. UBS Group assumed coverage on shares of Campbell's in a research report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 target price on the stock. Finally, Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell's in a research report on Monday, March 17th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $40.11.

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.