FORA Capital LLC Invests $2.12 Million in The Campbell's Company (NASDAQ:CPB)

FORA Capital LLC acquired a new stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 50,650 shares of the company's stock, valued at approximately $2,121,000.

Several other institutional investors and hedge funds have also bought and sold shares of CPB. Deutsche Bank AG lifted its stake in shares of Campbell's by 56.9% in the 4th quarter. Deutsche Bank AG now owns 2,662,547 shares of the company's stock valued at $111,507,000 after purchasing an additional 966,044 shares during the period. CoreCap Advisors LLC raised its position in shares of Campbell's by 16.9% in the fourth quarter. CoreCap Advisors LLC now owns 15,907 shares of the company's stock worth $666,000 after acquiring an additional 2,303 shares during the period. Brandywine Trust Co. boosted its stake in shares of Campbell's by 1.8% during the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock worth $203,871,000 after acquiring an additional 84,778 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Campbell's by 18.0% during the 4th quarter. Captrust Financial Advisors now owns 17,619 shares of the company's stock valued at $737,000 after acquiring an additional 2,690 shares during the period. Finally, Brown Advisory Inc. grew its position in shares of Campbell's by 4.6% during the 4th quarter. Brown Advisory Inc. now owns 1,386,495 shares of the company's stock valued at $58,066,000 after acquiring an additional 61,173 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CPB shares. 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. Stifel Nicolaus decreased their target price on Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Consumer Edge reissued an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. UBS Group started coverage on shares of Campbell's in a research report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of 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. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $44.27.

Campbell's Price Performance

CPB traded down $0.27 during trading on Friday, reaching $35.31. The company's stock had a trading volume of 1,958,393 shares, compared to its average volume of 2,775,605. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.71 and a beta of 0.14. The firm has a fifty day simple moving average of $37.98 and a two-hundred day simple moving average of $40.46. The Campbell's Company has a 1 year low of $35.09 and a 1 year 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.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The business's revenue was up 9.3% on a year-over-year basis. As a group, analysts anticipate that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Thursday, April 3rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Thursday, April 3rd. Campbell's's dividend payout ratio is currently 90.17%.

Insider Buying and Selling

In other news, EVP Charles A. Brawley III sold 2,498 shares of the firm's stock in a transaction that occurred 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. This trade represents a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is owned by company insiders.

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.