The Campbell's Company (NASDAQ:CPB) Position Reduced by Toronto Dominion Bank

Toronto Dominion Bank trimmed its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,709 shares of the company's stock after selling 29,765 shares during the quarter. Toronto Dominion Bank's holdings in Campbell's were worth $4,426,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ballentine Partners LLC boosted its stake in Campbell's by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after acquiring an additional 262 shares during the last quarter. Principal Securities Inc. boosted its stake in Campbell's by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after acquiring an additional 290 shares during the last quarter. SPC Financial Inc. boosted its stake in Campbell's by 2.3% during the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after acquiring an additional 300 shares during the last quarter. Ascent Wealth Partners LLC boosted its stake in Campbell's by 1.5% during the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after acquiring an additional 306 shares during the last quarter. Finally, DoubleLine ETF Adviser LP lifted its position in shares of Campbell's by 2.8% in the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock worth $487,000 after buying an additional 312 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CPB shares. Wells Fargo & Company reduced their price target on shares of Campbell's from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Morgan Stanley started coverage on shares of Campbell's in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 price target on the stock. Bank of America reduced their price target on shares of Campbell's from $41.00 to $37.00 and set an "underperform" rating on the stock in a research report on Wednesday. Jefferies Financial Group reduced their price target on shares of Campbell's from $42.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus reduced their price target on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $43.73.

Campbell's Stock Down 4.1%

Campbell's stock opened at $34.23 on Thursday. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.71 and a beta of 0.14. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company's 50-day moving average price is $37.24 and its two-hundred day moving average price is $39.90. The Campbell's Company has a 52 week low of $34.21 and a 52 week high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.74 billion. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The business's revenue was up 9.3% 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 Announces Dividend

The business also recently announced 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 of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 4.56%. Campbell's's payout ratio is 90.17%.

Insider Buying and Selling at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. The trade was a 6.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 20.19% of the stock is owned by corporate insiders.

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.

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