21,551 Shares in The Campbell's Company (NASDAQ:CPB) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,551 shares of the company's stock, valued at approximately $860,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in shares of Campbell's by 2.0% in the 4th quarter. Rhumbline Advisers now owns 420,470 shares of the company's stock valued at $17,609,000 after buying an additional 8,257 shares during the period. Principal Securities Inc. raised its position in Campbell's by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after acquiring an additional 290 shares in the last quarter. Allworth Financial LP lifted its holdings in Campbell's by 1,498.0% in the fourth quarter. Allworth Financial LP now owns 11,186 shares of the company's stock valued at $428,000 after acquiring an additional 10,486 shares during the period. CIBC Asset Management Inc boosted its position in Campbell's by 2.6% in the 4th quarter. CIBC Asset Management Inc now owns 37,426 shares of the company's stock worth $1,567,000 after purchasing an additional 939 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of Campbell's by 4.4% during the 4th quarter. Truist Financial Corp now owns 14,634 shares of the company's stock worth $613,000 after purchasing an additional 615 shares during the period. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Price Performance

Shares of NASDAQ:CPB traded down $0.01 during trading on Friday, reaching $31.84. The stock had a trading volume of 13,228,319 shares, compared to its average volume of 3,004,229. 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 1-year low of $31.58 and a 1-year high of $52.81. The stock has a market cap of $9.49 billion, a PE ratio of 21.09, a PEG ratio of 9.28 and a beta of 0.11. The business has a fifty day moving average price of $34.99 and a 200-day moving average price of $38.09.

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 for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm posted $0.75 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.90%. Campbell's's payout ratio is presently 103.31%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CPB shares. BNP Paribas upgraded shares of Campbell's to a "strong sell" rating in a research note on Wednesday, February 26th. UBS Group assumed coverage on shares of Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price objective for the company. Jefferies Financial Group lowered their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Stifel Nicolaus cut their price target on Campbell's from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, June 3rd. Finally, Morgan Stanley reduced 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. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Campbell's has an average rating of "Hold" and an average price target of $40.11.

Insider Activity at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of the 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 completion of the sale, the executive vice president now owns 37,590 shares of the company's stock, valued at approximately $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 can be accessed through this link. 20.19% of the stock is owned by corporate 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.