Wealthfront Advisers LLC Grows Stock Position in The Campbell's Company (NASDAQ:CPB)

Wealthfront Advisers LLC increased its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 48.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,870 shares of the company's stock after acquiring an additional 64,983 shares during the period. Wealthfront Advisers LLC owned approximately 0.07% of Campbell's worth $7,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DoubleLine ETF Adviser LP raised its stake in Campbell's by 2.8% in the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock worth $487,000 after acquiring an additional 312 shares during the last quarter. Koss Olinger Consulting LLC raised its stake in Campbell's by 0.7% in the 4th quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company's stock worth $2,195,000 after acquiring an additional 380 shares during the last quarter. Personal CFO Solutions LLC raised its stake in Campbell's by 5.5% in the 1st quarter. Personal CFO Solutions LLC now owns 8,077 shares of the company's stock worth $322,000 after acquiring an additional 421 shares during the last quarter. Xponance Inc. grew its position in Campbell's by 1.6% during the 1st quarter. Xponance Inc. now owns 28,885 shares of the company's stock worth $1,153,000 after purchasing an additional 445 shares during the period. Finally, Horizon Investments LLC grew its position in Campbell's by 18.2% during the 4th quarter. Horizon Investments LLC now owns 3,160 shares of the company's stock worth $131,000 after purchasing an additional 487 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CPB. DA Davidson cut their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Evercore ISI cut their price target on Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a research report on Thursday, May 29th. Stifel Nicolaus cut their price target on Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, June 3rd. UBS Group began coverage on Campbell's in a research report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price target on the stock. Finally, Piper Sandler cut their price target on Campbell's from $41.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Campbell's currently has an average rating of "Hold" and an average price target of $39.33.

Campbell's Price Performance

CPB stock traded down $0.32 during trading on Friday, hitting $30.98. The stock had a trading volume of 3,351,921 shares, compared to its average volume of 3,271,095. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $52.81. The stock has a market capitalization of $9.24 billion, a P/E ratio of 20.52, a PEG ratio of 9.04 and a beta of 0.08. The company's 50-day moving average price is $32.89 and its two-hundred day moving average price is $36.66.

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, topping the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same period in the previous year, the firm posted $0.75 EPS. Campbell's's revenue was up 4.5% compared to the same quarter last year. As a group, research 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 announced a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio is currently 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.