Sigma Planning Corp Raises Stock Holdings in The Campbell's Company (NASDAQ:CPB)

Sigma Planning Corp raised its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 51.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,893 shares of the company's stock after acquiring an additional 14,988 shares during the quarter. Sigma Planning Corp's holdings in Campbell's were worth $1,752,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. bought a new position in Campbell's in the 1st quarter valued at about $31,000. Riverview Trust Co bought a new position in Campbell's in the 1st quarter valued at about $46,000. Physician Wealth Advisors Inc. bought a new position in Campbell's in the 4th quarter valued at about $47,000. Curat Global LLC bought a new position in Campbell's in the 1st quarter valued at about $58,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in Campbell's in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, June 3rd. Barclays cut their target price on shares of Campbell's from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Monday, July 14th. Piper Sandler dropped their price target on shares of Campbell's from $41.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday. Royal Bank Of Canada dropped their price target on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company dropped 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 report on Wednesday, July 9th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $39.33.

Campbell's Stock Down 1.0%

Campbell's stock traded down $0.32 on Friday, hitting $30.98. 3,352,378 shares of the stock traded hands, compared to its average volume of 3,275,579. 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 cap of $9.24 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 9.14 and a beta of 0.08. The business's fifty day simple moving average is $32.80 and its 200 day simple moving average is $36.58. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results 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 firm 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 quarter in the previous year, the firm earned $0.75 EPS. As a group, sell-side analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.04%. Campbell's's dividend payout ratio is currently 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.