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The Campbell's Company (NASDAQ:CPB) Shares Sold by Deutsche Bank AG

Campbell's logo with Consumer Staples background

Key Points

  • Deutsche Bank AG reduced its stake in The Campbell's Company by 0.8%, retaining approximately 0.89% ownership valued at $105.4 million after selling 22,562 shares in Q1.
  • In the most recent quarter, Campbell's reported earnings of $0.73 per share, surpassing expectations, with revenue of $2.48 billion representing a 4.5% year-over-year increase.
  • The company declared a quarterly dividend of $0.39 per share, yielding 4.8%, although it currently has a payout ratio of 103.31%.
  • Want stock alerts on Campbell's? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Deutsche Bank AG cut its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,639,985 shares of the company's stock after selling 22,562 shares during the quarter. Deutsche Bank AG owned approximately 0.89% of Campbell's worth $105,388,000 at the end of the most recent quarter.

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

Campbell's Stock Down 1.4%

Shares of CPB opened at $32.44 on Friday. The firm has a market cap of $9.67 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 10.13 and a beta of 0.08. The company's fifty day moving average is $32.15 and its two-hundred day moving average is $35.82. The Campbell's Company has a fifty-two week low of $29.39 and a fifty-two week high of $52.81. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. Campbell's's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. Analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Thursday, July 3rd were issued a dividend of $0.39 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.8%. Campbell's's payout ratio is presently 103.31%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America lowered their price target on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a research report on Tuesday, June 3rd. Evercore ISI lowered their target price on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research note on Thursday, May 29th. Morgan Stanley lowered their target price on shares of Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 3rd. Barclays lowered their target price on shares of Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Monday, July 14th. Finally, Stifel Nicolaus lowered their target price on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research note on Tuesday, July 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 company. According to MarketBeat, Campbell's currently has an average rating of "Hold" and an average target price of $39.06.

Check Out Our Latest Stock Analysis on CPB

Campbell's Profile

(Free Report)

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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Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Campbell's Company (NASDAQ:CPB - Free Report).

Institutional Ownership by Quarter for Campbell's (NASDAQ:CPB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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