The Campbell's Company (NASDAQ:CPB) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,377 shares of the company's stock after buying an additional 66,486 shares during the period. Victory Capital Management Inc. owned about 0.17% of Campbell's worth $20,534,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. World Investment Advisors bought a new position in Campbell's in the first quarter worth approximately $410,000. Teacher Retirement System of Texas bought a new position in Campbell's in the first quarter worth approximately $1,131,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Campbell's by 13.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock worth $1,027,000 after buying an additional 3,010 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Campbell's by 24.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock worth $534,000 after buying an additional 2,614 shares in the last quarter. Finally, KBC Group NV raised its stake in Campbell's by 182.0% in the first quarter. KBC Group NV now owns 498,216 shares of the company's stock worth $19,889,000 after buying an additional 321,520 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. Citigroup dropped 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. Stifel Nicolaus dropped their price objective on shares of Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. UBS Group initiated coverage on shares of Campbell's in a report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price objective on the stock. Finally, DA Davidson dropped their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. 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's stock. According to MarketBeat.com, Campbell's currently has a consensus rating of "Hold" and a consensus price target of $39.33.

Campbell's Price Performance

Campbell's stock traded down $0.10 during midday trading on Friday, reaching $32.66. The company had a trading volume of 3,776,965 shares, compared to its average volume of 5,897,068. The company has a market capitalization of $9.74 billion, a P/E ratio of 21.63, a P/E/G ratio of 9.53 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. The firm's fifty day simple moving average is $32.52 and its 200-day simple moving average is $36.26. 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 released its 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. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The business 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 posted $0.75 EPS. The business's revenue was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate 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. Shareholders of record on Thursday, July 3rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) 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.