TrueMark Investments LLC Has $5.39 Million Stock Position in The Campbell's Company (NASDAQ:CPB)

TrueMark Investments LLC grew its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 1,178.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,042 shares of the company's stock after purchasing an additional 124,478 shares during the period. Campbell's makes up 1.4% of TrueMark Investments LLC's portfolio, making the stock its 18th biggest holding. TrueMark Investments LLC's holdings in Campbell's were worth $5,391,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. grew its position in Campbell's by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after purchasing an additional 290 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Campbell's by 4.4% during the fourth quarter. Truist Financial Corp now owns 14,634 shares of the company's stock worth $613,000 after acquiring an additional 615 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Campbell's by 3,172.6% in the fourth quarter. Venturi Wealth Management LLC now owns 3,698 shares of the company's stock valued at $155,000 after purchasing an additional 3,585 shares in the last quarter. Ieq Capital LLC increased its position in Campbell's by 49.8% in the 4th quarter. Ieq Capital LLC now owns 15,145 shares of the company's stock worth $634,000 after purchasing an additional 5,038 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Campbell's by 161.8% in the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock valued at $7,801,000 after buying an additional 115,122 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

Insider Transactions at Campbell's

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

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of analyst reports. Jefferies Financial Group reduced their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. Piper Sandler dropped their target price on shares of Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Stifel Nicolaus decreased their price target on shares of Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, June 3rd. Finally, Morgan Stanley dropped their price objective on shares of Campbell's from $40.00 to $35.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 3rd. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Campbell's presently has a consensus rating of "Hold" and a consensus target price of $40.11.

Campbell's Stock Up 0.5%

Shares of Campbell's stock traded up $0.16 during trading on Tuesday, reaching $32.17. The stock had a trading volume of 5,239,652 shares, compared to its average volume of 3,021,438. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 9.33 and a beta of 0.11. The Campbell's Company has a 52 week low of $31.58 and a 52 week high of $52.81. The stock has a fifty day moving average price of $34.74 and a two-hundred day moving average price of $37.94.

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, beating analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Sell-side analysts predict that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be paid 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 4.85%. Campbell's's dividend payout ratio is 103.31%.

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.