GAMMA Investing LLC Has $12.85 Million Position in The Campbell's Company (NASDAQ:CPB)

GAMMA Investing LLC grew its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 4,153.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,915 shares of the company's stock after purchasing an additional 314,347 shares during the period. GAMMA Investing LLC owned about 0.11% of Campbell's worth $12,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quent Capital LLC grew its position in Campbell's by 150.3% in the 1st quarter. Quent Capital LLC now owns 2,753 shares of the company's stock worth $110,000 after purchasing an additional 1,653 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Campbell's by 53.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,562 shares of the company's stock worth $62,000 after purchasing an additional 541 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Campbell's by 25.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,752 shares of the company's stock worth $450,000 after purchasing an additional 2,156 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new stake in Campbell's in the 4th quarter worth $135,000. Finally, QSM Asset Management Ltd bought a new position in shares of Campbell's during the 4th quarter worth about $6,556,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell's Price Performance

Shares of CPB stock traded up $0.36 during trading hours on Friday, reaching $34.48. 3,252,118 shares of the company were exchanged, compared to its average volume of 2,897,497. The Campbell's Company has a fifty-two week low of $32.95 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock's fifty day moving average is $36.09 and its two-hundred day moving average is $38.94. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 2.71 and a beta of 0.11.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Sell-side analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The company 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 dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.52%. Campbell's's payout ratio is currently 103.31%.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Campbell's from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Stephens reduced their price objective on shares of Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Evercore ISI reduced their price objective on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. Citigroup reduced their price objective on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a report on Tuesday, June 3rd. Finally, BNP Paribas raised shares of Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $40.39.

Insider Transactions at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business'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 transaction of $99,994.94. Following the completion of the sale, the executive vice president now directly owns 37,590 shares of the company's stock, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 20.19% of the stock is currently 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.