The Campbell's Company (NASDAQ:CPB) Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in The Campbell's Company by 52.1%, now holding 42,680 shares valued at approximately $1.7 million.
• Campbell's reported a 4.5% year-over-year revenue growth in its latest quarterly earnings, with an EPS of $0.73 that exceeded analyst estimates by $0.08.
• Analyst ratings for Campbell's have been largely negative, with Barclays reducing their price target from $35.00 to $30.00 and multiple analysts issuing "sell" ratings.

US Bancorp DE lifted its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 52.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,680 shares of the company's stock after purchasing an additional 14,612 shares during the quarter. US Bancorp DE's holdings in Campbell's were worth $1,704,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CPB. Two Sigma Advisers LP raised its stake in shares of Campbell's by 272.7% during the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock worth $93,949,000 after purchasing an additional 1,641,400 shares during the last quarter. Man Group plc raised its position in Campbell's by 1,296.1% in the fourth quarter. Man Group plc now owns 1,407,161 shares of the company's stock worth $58,932,000 after acquiring an additional 1,306,372 shares in the last quarter. Invesco Ltd. raised its position in Campbell's by 38.2% in the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock worth $194,556,000 after acquiring an additional 1,282,957 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in Campbell's in the fourth quarter worth $48,468,000. Finally, Two Sigma Investments LP raised its position in Campbell's by 119.2% in the fourth quarter. Two Sigma Investments LP now owns 1,998,756 shares of the company's stock worth $83,708,000 after acquiring an additional 1,086,856 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell's Price Performance

Shares of CPB traded up $0.26 during trading hours on Tuesday, reaching $32.37. 1,189,641 shares of the company traded hands, compared to its average volume of 4,108,447. 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 $9.65 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 10.13 and a beta of 0.08. The Campbell's Company has a fifty-two week low of $29.39 and a fifty-two week high of $52.81. The stock has a fifty day simple moving average of $32.11 and a 200 day simple moving average of $35.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company earned $0.75 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts predict that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CPB shares. Morgan Stanley cut their price objective on Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 3rd. Bank of America cut their price objective on Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a research report on Tuesday, June 3rd. Wells Fargo & Company cut their price objective on Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. Stifel Nicolaus cut their price objective on Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Finally, Evercore ISI cut their price objective on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research report on Thursday, May 29th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Campbell's has a consensus rating of "Hold" and an average target price of $39.06.

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.