The Campbell's Company (NASDAQ:CPB) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 119.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,998,756 shares of the company's stock after buying an additional 1,086,856 shares during the period. Two Sigma Investments LP owned approximately 0.67% of Campbell's worth $83,708,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPB. Sherman Asset Management Inc. bought a new stake in shares of Campbell's in the 4th quarter worth about $36,000. Principal Securities Inc. increased its holdings in Campbell's by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after buying an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new stake in Campbell's during the fourth quarter valued at approximately $42,000. Quent Capital LLC raised its stake in Campbell's by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after buying an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Campbell's during the 4th quarter worth approximately $47,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 20.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson lowered their price target on Campbell's from $46.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Bank of America dropped their target price on shares of Campbell's from $45.00 to $41.00 and set an "underperform" rating on the stock in a report on Thursday, March 6th. 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 set an "equal weight" rating and a $40.00 price objective for the company. Finally, Stifel Nicolaus cut their target price on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $44.00.

Campbell's Price Performance

Shares of CPB opened at $35.48 on Tuesday. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The stock's fifty day moving average is $37.38 and its 200-day moving average is $39.97. The Campbell's Company has a one year low of $34.27 and a one year high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

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. Equities analysts anticipate that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders 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 yield of 4.40%. Campbell's's dividend payout ratio (DPR) is 90.17%.

Campbell's Company 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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