Wealthfront Advisers LLC Has $7.94 Million Position in The Campbell's Company (NASDAQ:CPB)

Wealthfront Advisers LLC raised its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 48.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,870 shares of the company's stock after purchasing 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 SEC filing.

A number of other hedge funds also recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of Campbell's during the 1st quarter worth about $31,000. Riverview Trust Co bought a new position in shares of Campbell's during the 1st quarter worth about $46,000. Physician Wealth Advisors Inc. bought a new position in shares of Campbell's during the 4th quarter worth about $47,000. Curat Global LLC bought a new position in shares of Campbell's during the 1st quarter worth about $58,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Campbell's during the 4th quarter worth about $59,000. Institutional investors own 52.35% of the company's stock.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their target price on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a research report on Tuesday, June 3rd. Citigroup dropped their target price on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research report on Tuesday, June 3rd. Piper Sandler dropped their target price on shares of Campbell's from $41.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, July 15th. Stephens dropped their target price on shares of Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price 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. Five 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $39.33.

Campbell's Stock Performance

Shares of CPB stock traded down $0.32 on Friday, hitting $30.98. The company's stock had a trading volume of 3,352,378 shares, compared to its average volume of 3,280,042. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The stock's 50 day moving average is $32.80 and its 200-day moving average is $36.55. The Campbell's Company has a fifty-two week low of $29.39 and a fifty-two week high of $52.81. The company has a market capitalization of $9.24 billion, a PE ratio of 20.52, a PEG ratio of 9.04 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating 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 business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the company posted $0.75 earnings per share. Campbell's's revenue was up 4.5% compared to the same quarter last year. Equities research analysts expect that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 5.04%. Campbell's's 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.