Toronto Dominion Bank Trims Stock Holdings in The Campbell's Company (NASDAQ:CPB)

Toronto Dominion Bank decreased its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 22.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 105,709 shares of the company's stock after selling 29,765 shares during the period. Toronto Dominion Bank's holdings in Campbell's were worth $4,426,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Campbell's by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company's stock worth $989,440,000 after buying an additional 447,203 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Campbell's by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock valued at $387,273,000 after acquiring an additional 531,281 shares in the last quarter. Beutel Goodman & Co Ltd. increased its stake in Campbell's by 0.5% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock valued at $290,034,000 after purchasing an additional 35,160 shares in the last quarter. Geode Capital Management LLC raised its holdings in Campbell's by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock worth $222,420,000 after acquiring an additional 57,717 shares during the last quarter. Finally, Brandywine Trust Co. raised its stake in shares of Campbell's by 1.8% in the fourth quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock worth $203,871,000 after purchasing an additional 84,778 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Insider Activity

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the transaction, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.19% of the company's stock.

Wall Street Analyst Weigh In

CPB has been the topic of several research analyst reports. JPMorgan Chase & Co. cut Campbell's from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $48.00 to $37.00 in a report on Thursday, March 6th. DA Davidson reduced their price objective on shares of Campbell's from $46.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Bank of America decreased their target price on Campbell's from $41.00 to $37.00 and set an "underperform" rating on the stock in a research note on Wednesday, May 21st. Royal Bank of Canada dropped their price objective on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. Finally, Wells Fargo & Company reduced their price target on shares of Campbell's from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.00.

Campbell's Trading Up 0.6%

CPB traded up $0.21 during trading on Monday, hitting $34.25. 8,849,335 shares of the stock were exchanged, compared to its average volume of 2,892,327. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The firm has a 50 day simple moving average of $36.62 and a 200 day simple moving average of $39.27. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 2.71 and a beta of 0.14. The Campbell's Company has a 1 year low of $32.95 and a 1 year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its 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. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. Campbell's's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. As a group, equities analysts expect that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is 90.17%.

About Campbell's

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.