Universal Beteiligungs und Servicegesellschaft mbH Sells 11,061 Shares of The Campbell's Company (NASDAQ:CPB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in The Campbell's Company by 4.4% during the first quarter, now holding 238,757 shares valued at approximately $9.53 million.
• Several institutional investors, including Vanguard Group Inc. and Invesco Ltd., have increased their holdings in Campbell's during the fourth quarter, reflecting positive interest from larger investment firms.
• Campbell's recently reported earnings of $0.73 per share, surpassing estimates, and announced a quarterly dividend of $0.39 per share with a yield of 4.78%.

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,757 shares of the company's stock after selling 11,061 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Campbell's worth $9,531,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of Campbell's during the first quarter worth $31,000. Riverview Trust Co acquired a new stake in shares of Campbell's during the first quarter worth $46,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Campbell's during the fourth quarter worth $47,000. Curat Global LLC acquired a new stake in shares of Campbell's during the first quarter worth $58,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Campbell's during the fourth quarter worth $59,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPB has been the subject of several recent analyst reports. Stephens decreased their price objective on shares of Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Jefferies Financial Group lowered their price objective 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. DA Davidson lowered their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Finally, Evercore ISI lowered their price objective 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. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.11.

Campbell's Stock Up 1.8%

CPB stock traded up $0.57 during midday trading on Tuesday, reaching $32.81. 1,711,499 shares of the company's stock traded hands, compared to its average volume of 4,029,047. The Campbell's Company has a 52 week low of $29.39 and a 52 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. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 9.53 and a beta of 0.08. The firm's fifty day moving average price is $32.46 and its 200-day moving average price is $36.20.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business's revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio is presently 103.31%.

Campbell's 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.