Hussman Strategic Advisors Inc. grew its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 14.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,000 shares of the company's stock after purchasing an additional 21,000 shares during the period. Campbell's accounts for 1.6% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its 4th biggest position. Hussman Strategic Advisors Inc. owned approximately 0.06% of Campbell's worth $6,707,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Campbell's by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company's stock worth $989,440,000 after acquiring an additional 447,203 shares during the last quarter. Beutel Goodman & Co Ltd. grew its position in Campbell's by 0.5% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock valued at $290,034,000 after buying an additional 35,160 shares in the last quarter. Geode Capital Management LLC grew its position in Campbell's by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock valued at $222,420,000 after buying an additional 57,717 shares in the last quarter. Brandywine Trust Co. lifted its holdings in Campbell's by 1.8% in the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock valued at $203,871,000 after acquiring an additional 84,778 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Campbell's by 38.2% in the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock valued at $194,556,000 after acquiring an additional 1,282,957 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently commented on CPB. Argus downgraded Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Citigroup dropped their price objective on Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a report on Tuesday, June 3rd. Stephens dropped their price objective on Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. UBS Group assumed coverage on Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price objective on the stock. Finally, Royal Bank Of Canada lowered their price target on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a report on Tuesday, June 3rd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $39.33.
Get Our Latest Stock Analysis on Campbell's
Campbell's Price Performance
Campbell's stock traded down $0.32 during mid-day trading on Friday, reaching $30.98. The company had a trading volume of 3,352,378 shares, compared to its average volume of 3,275,579. The stock's 50-day simple moving average is $32.80 and its 200-day simple moving average is $36.58. The company has a market capitalization of $9.24 billion, a P/E ratio of 20.52, a P/E/G ratio of 9.14 and a beta of 0.08. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33.
Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. On average, equities analysts predict that The Campbell's Company will post 3.15 EPS for the current year.
Campbell's Announces Dividend
The firm also recently announced 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 is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.04%. Campbell's's payout ratio is presently 103.31%.
About Campbell's
(
Free Report)
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.
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