Sigma Planning Corp Has $1.75 Million Stake in The Campbell's Company (NASDAQ:CPB)

Sigma Planning Corp raised its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 51.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,893 shares of the company's stock after buying an additional 14,988 shares during the period. Sigma Planning Corp's holdings in Campbell's were worth $1,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPB. Proficio Capital Partners LLC acquired a new position in shares of Campbell's during the fourth quarter worth approximately $1,664,000. HighTower Advisors LLC increased its holdings in shares of Campbell's by 25.3% during the 4th quarter. HighTower Advisors LLC now owns 18,594 shares of the company's stock worth $779,000 after purchasing an additional 3,755 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Campbell's by 635.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,539 shares of the company's stock worth $148,000 after purchasing an additional 3,058 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Campbell's by 16.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 77,260 shares of the company's stock worth $3,236,000 after acquiring an additional 10,914 shares during the period. Finally, Cibc World Markets Corp increased its holdings in Campbell's by 14.8% in the 4th quarter. Cibc World Markets Corp now owns 76,898 shares of the company's stock valued at $3,220,000 after buying an additional 9,937 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CPB shares. 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 for the company. Barclays cut their price target on Campbell's from $35.00 to $30.00 and set an "underweight" rating on the stock in a research note on Monday. Morgan Stanley dropped their price objective 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. Argus cut Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Finally, Evercore ISI decreased their target price on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $39.33.

Campbell's Stock Performance

Campbell's stock traded up $0.31 during trading hours on Thursday, hitting $31.27. The company had a trading volume of 3,618,285 shares, compared to its average volume of 3,259,502. The firm has a 50-day moving average of $32.98 and a 200 day moving average of $36.73. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. The firm has a market cap of $9.32 billion, a PE ratio of 20.69, a PEG ratio of 8.88 and a beta of 0.08. The Campbell's Company has a one year low of $29.39 and a one year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. On average, sell-side analysts expect that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.99%. Campbell's's payout ratio is 103.31%.

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.