Sumitomo Mitsui Trust Group Inc. Raises Stake in The Campbell's Company (NASDAQ:CPB)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 566,031 shares of the company's stock after purchasing an additional 46,866 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.19% of Campbell's worth $22,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of Campbell's in the first quarter valued at about $31,000. Physician Wealth Advisors Inc. bought a new position in Campbell's in the 4th quarter valued at approximately $47,000. Riverview Trust Co acquired a new stake in Campbell's during the 1st quarter valued at approximately $46,000. NewSquare Capital LLC acquired a new stake in Campbell's during the 4th quarter valued at approximately $51,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Campbell's in the 4th quarter valued at $59,000. 52.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CPB has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a report on Tuesday, June 3rd. Morgan Stanley lowered their price objective on Campbell's from $40.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 3rd. Stifel Nicolaus lowered their price objective 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. Evercore ISI lowered their price objective 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. Finally, Argus cut Campbell's from a "buy" rating to a "hold" rating in a research note on Friday, June 20th. Five equities research 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.11.

Campbell's Price Performance

NASDAQ:CPB traded down $0.44 during mid-day trading on Monday, hitting $30.81. 5,511,817 shares of the stock traded hands, compared to its average volume of 3,103,928. The business's 50-day moving average price is $33.68 and its 200 day moving average price is $37.19. The company has a market cap of $9.19 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 9.12 and a beta of 0.08. The Campbell's Company has a 12-month low of $30.47 and a 12-month high of $52.81. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Campbell's's revenue was up 4.5% on a year-over-year basis. On average, analysts expect that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is 103.31%.

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.