UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 23,840 Shares of The Campbell's Company (NASDAQ:CPB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,809,170 shares of the company's stock after selling 23,840 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.61% of Campbell's worth $75,768,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

CPB has been the subject of several research reports. Bank of America reduced their price target on Campbell's from $41.00 to $37.00 and set an "underperform" rating for the company in a report on Wednesday, May 21st. Morgan Stanley initiated coverage on shares of Campbell's in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 target price for the company. JPMorgan Chase & Co. downgraded shares of Campbell's from an "overweight" rating to a "neutral" rating and cut their price target for the company from $48.00 to $37.00 in a report on Thursday, March 6th. Citigroup decreased their price objective on shares of Campbell's from $37.00 to $33.00 and set a "sell" rating for the company in a report on Monday, May 19th. Finally, DA Davidson cut their target price on Campbell's from $46.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $42.80.

Insider Activity at Campbell's

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is owned by insiders.

Campbell's Stock Performance

Shares of CPB traded up $0.38 on Thursday, reaching $34.17. 4,497,748 shares of the stock traded hands, compared to its average volume of 2,857,700. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 2.71 and a beta of 0.14. The Campbell's Company has a 12 month low of $32.95 and a 12 month high of $52.81. The stock's 50-day moving average price is $36.78 and its 200-day moving average price is $39.48. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. The business's quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.57%. Campbell's's dividend payout ratio (DPR) is presently 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.