Sherbrooke Park Advisers LLC Decreases Stock Holdings in The Campbell's Company (NASDAQ:CPB)

Sherbrooke Park Advisers LLC decreased its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 71.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,847 shares of the company's stock after selling 30,385 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Campbell's were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. acquired a new position in shares of Campbell's in the 4th quarter worth approximately $36,000. Principal Securities Inc. raised its position in Campbell's by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after purchasing an additional 290 shares during the period. Kentucky Trust Co acquired a new position in Campbell's during the fourth quarter worth $42,000. Quent Capital LLC boosted its position in shares of Campbell's by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after buying an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Campbell's in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Insider Buying and Selling at Campbell's

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 completion of the sale, the executive vice president now directly owns 37,590 shares of the company's stock, valued at $1,504,727.70. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 20.19% of the company's stock.

Campbell's Stock Performance

CPB traded down $1.46 during trading on Wednesday, hitting $34.23. 4,225,416 shares of the stock were exchanged, compared to its average volume of 2,818,945. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell's Company has a 1-year low of $34.20 and a 1-year high of $52.81. The stock has a fifty day moving average price of $37.33 and a two-hundred day moving average price of $39.94. The firm has a market capitalization of $10.21 billion, a P/E ratio of 18.70, a PEG ratio of 2.71 and a beta of 0.14.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts predict that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio is presently 90.17%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPB. DA Davidson lowered their target price on Campbell's from $46.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. UBS Group assumed 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 for the company. Bank of America cut their target price on shares of Campbell's from $41.00 to $37.00 and set an "underperform" rating on the stock in a research note on Wednesday. Stifel Nicolaus dropped their price objective on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Finally, Citigroup decreased their price objective on shares of Campbell's from $37.00 to $33.00 and set a "sell" rating for the company in a research report on Monday. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $43.73.

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.