Raiffeisen Bank International AG Has $45.29 Million Stock Position in The Campbell's Company (NASDAQ:CPB)

Key Points

• Raiffeisen Bank International AG reduced its stake in The Campbell's Company by 2.6% in Q1, now owning over 1.14 million shares valued at approximately $45.3 million.
• Equities analysts have lowered their price targets for Campbell's, with DA Davidson and Bank of America setting targets at $34.00 and $33.00 respectively, reflecting a cautious outlook.
• The company's most recent quarterly earnings report showed earnings per share of $0.73, exceeding estimates and a revenue of $2.48 billion, indicating a year-over-year growth of 4.5%.

Raiffeisen Bank International AG reduced its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,140,161 shares of the company's stock after selling 30,000 shares during the period. Raiffeisen Bank International AG owned approximately 0.38% of Campbell's worth $45,287,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its stake in 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 buying an additional 1,641,400 shares in the last quarter. Man Group plc boosted its stake in Campbell's by 1,296.1% during the fourth quarter. Man Group plc now owns 1,407,161 shares of the company's stock worth $58,932,000 after buying an additional 1,306,372 shares in the last quarter. Invesco Ltd. grew 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 valued at $194,556,000 after acquiring an additional 1,282,957 shares during the period. Norges Bank bought a new stake in Campbell's in the fourth quarter valued at $50,908,000. Finally, Two Sigma Investments LP grew 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 valued at $83,708,000 after acquiring an additional 1,086,856 shares during the period. 52.35% of the stock is owned by institutional investors.

Campbell's Stock Performance

Shares of CPB stock traded up $0.17 during trading on Thursday, reaching $32.86. 1,386,806 shares of the company's stock were exchanged, compared to its average volume of 4,107,060. The firm's fifty day moving average price is $32.21 and its 200-day moving average price is $35.92. The stock has a market capitalization of $9.80 billion, a PE ratio of 21.72, a PEG ratio of 10.15 and a beta of 0.08. The Campbell's Company has a twelve month low of $29.39 and a twelve month 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 released its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. As a group, sell-side analysts anticipate that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 4.7%. Campbell's's payout ratio is currently 103.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group assumed coverage on Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price target on the stock. DA Davidson cut their target price on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Royal Bank Of Canada cut their target price on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Tuesday, June 3rd. Bank of America dropped their price target on Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a research report on Tuesday, June 3rd. Finally, Evercore ISI dropped their target price on Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $39.06.

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.