The Campbell's Company (NASDAQ:CPB) Shares Bought by Stephens Inc. AR

Stephens Inc. AR increased its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 44.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,498 shares of the company's stock after purchasing an additional 39,150 shares during the quarter. Stephens Inc. AR's holdings in Campbell's were worth $5,050,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of Campbell's during the first quarter valued at approximately $31,000. Riverview Trust Co acquired a new position in shares of Campbell's during the first quarter valued at approximately $46,000. Physician Wealth Advisors Inc. acquired a new position in shares of Campbell's during the fourth quarter valued at approximately $47,000. Curat Global LLC acquired a new position in shares of Campbell's during the first quarter valued at approximately $58,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Campbell's in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Stock Performance

CPB traded down $0.32 on Friday, hitting $30.98. 1,715,129 shares of the company traded hands, compared to its average volume of 3,265,050. The company has a 50 day moving average of $32.89 and a 200-day moving average of $36.66. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $9.24 billion, a PE ratio of 20.51, a PEG ratio of 9.04 and a beta of 0.08. The Campbell's Company has a 12-month low of $29.39 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. Sell-side analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.04%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is 103.31%.

Analyst Ratings Changes

CPB has been the subject of several recent analyst reports. Jefferies Financial Group cut their target price on Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Evercore ISI decreased their target price on Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a research note on Thursday, May 29th. Wells Fargo & Company decreased their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 9th. UBS Group assumed coverage on Campbell's in a research note on Wednesday, April 23rd. They set a "sell" rating and a $36.00 target price on the stock. Finally, Stifel Nicolaus decreased their target price on Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a research note on Tuesday, June 3rd. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $39.33.

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.