Worldquant Millennium Advisors LLC Invests $6.60 Million in The Campbell's Company (NASDAQ:CPB)

Worldquant Millennium Advisors LLC purchased a new stake in The Campbell's Company (NASDAQ:CPB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 157,513 shares of the company's stock, valued at approximately $6,597,000. Worldquant Millennium Advisors LLC owned 0.05% of Campbell's at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CPB. Ballentine Partners LLC increased its holdings in shares of Campbell's by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after purchasing an additional 262 shares in the last quarter. Principal Securities Inc. grew its position in Campbell's by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after buying an additional 290 shares during the period. SPC Financial Inc. grew its position in Campbell's by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after buying an additional 300 shares during the period. Ascent Wealth Partners LLC grew its position in Campbell's by 1.5% during the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after buying an additional 306 shares during the period. Finally, DoubleLine ETF Adviser LP grew 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 valued at $487,000 after buying an additional 312 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell's Price Performance

Shares of NASDAQ CPB opened at $34.23 on Thursday. The firm has a market cap of $10.21 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. 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 50 day moving average price of $37.24 and a two-hundred day moving average price of $39.90. The Campbell's Company has a fifty-two week low of $34.21 and a fifty-two week high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion for 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 firm's quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side 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 announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio is presently 90.17%.

Insiders Place Their Bets

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CPB. Citigroup lowered 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. Stifel Nicolaus reduced their price target on Campbell's from $47.00 to $40.00 and set a "hold" rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. cut Campbell's from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. UBS Group initiated coverage on Campbell's in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on Campbell's from $43.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $43.73.

About Campbell's

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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