World Investment Advisors purchased a new position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,265 shares of the company's stock, valued at approximately $410,000.
A number of other large investors also recently modified their holdings of CPB. DoubleLine ETF Adviser LP raised its stake in shares of Campbell's by 2.8% in the fourth quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock valued at $487,000 after purchasing an additional 312 shares in the last quarter. Koss Olinger Consulting LLC raised its stake in shares of Campbell's by 0.7% in the fourth quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company's stock valued at $2,195,000 after purchasing an additional 380 shares in the last quarter. Horizon Investments LLC raised its stake in shares of Campbell's by 18.2% in the fourth quarter. Horizon Investments LLC now owns 3,160 shares of the company's stock valued at $131,000 after purchasing an additional 487 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Campbell's by 6.6% in the first quarter. GAMMA Investing LLC now owns 8,064 shares of the company's stock valued at $322,000 after purchasing an additional 496 shares in the last quarter. Finally, Rodgers Brothers Inc. raised its stake in shares of Campbell's by 1.8% in the fourth quarter. Rodgers Brothers Inc. now owns 28,000 shares of the company's stock valued at $1,173,000 after purchasing an additional 504 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on CPB shares. Consumer Edge restated an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. Stifel Nicolaus dropped their price objective on Campbell's from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, June 3rd. Barclays dropped their price objective on Campbell's from $40.00 to $35.00 and set an "underweight" rating for the company in a research note on Tuesday, June 3rd. Stephens dropped their price objective on Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Five 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.com, Campbell's currently has an average rating of "Hold" and a consensus target price of $40.00.
Read Our Latest Analysis on CPB
Campbell's Price Performance
Shares of CPB stock traded up $0.75 during trading hours on Friday, hitting $31.24. 11,178,625 shares of the company's stock were exchanged, compared to its average volume of 3,218,280. The stock's 50-day moving average is $33.26 and its 200-day moving average is $36.89. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 9.12 and a beta of 0.08. The Campbell's Company has a 52 week low of $29.39 and a 52 week high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33.
Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. As a group, research analysts forecast that The Campbell's Company will post 3.15 EPS for the current year.
Campbell's Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio is 103.31%.
About Campbell's
(
Free Report)
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.
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