USS Investment Management Ltd Trims Stock Position in The Campbell's Company (NASDAQ:CPB)

USS Investment Management Ltd trimmed its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 29.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,203 shares of the company's stock after selling 39,904 shares during the period. USS Investment Management Ltd's holdings in Campbell's were worth $3,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ballentine Partners LLC boosted its stake in Campbell's by 2.8% during the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock worth $404,000 after buying an additional 262 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of 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 acquiring an additional 290 shares during the period. SPC Financial Inc. boosted its position in shares of Campbell's by 2.3% during the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after acquiring an additional 300 shares during the last quarter. Ascent Wealth Partners LLC grew its holdings in shares of Campbell's by 1.5% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after purchasing an additional 306 shares during the period. Finally, DoubleLine ETF Adviser LP increased its position in Campbell's by 2.8% during the fourth quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock worth $487,000 after purchasing an additional 312 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup reduced their target price on shares of Campbell's from $37.00 to $33.00 and set a "sell" rating on the stock in a research note on Monday, May 19th. Royal Bank of Canada reduced their price target on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. Piper Sandler lowered their price objective on Campbell's from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday. Wells Fargo & Company reduced their target price on Campbell's from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Finally, BNP Paribas raised Campbell's to a "strong sell" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $42.80.

Campbell's Trading Up 2.5%

NASDAQ:CPB traded up $0.85 on Tuesday, reaching $34.35. 2,680,147 shares of the company's stock were exchanged, compared to its average volume of 3,259,287. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The Campbell's Company has a 52-week low of $32.95 and a 52-week high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The business has a fifty day moving average of $36.94 and a 200-day moving average of $39.56.

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 for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts expect that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's payout ratio is presently 90.17%.

Insider Transactions at Campbell's

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction that occurred on 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. This represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 20.19% of the company's stock.

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.