Man Group plc grew its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 1,296.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,407,161 shares of the company's stock after acquiring an additional 1,306,372 shares during the period. Man Group plc owned about 0.47% of Campbell's worth $58,932,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Sherman Asset Management Inc. bought a new position in shares of Campbell's during the fourth quarter worth about $36,000. Principal Securities Inc. lifted its position in shares of Campbell's by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after purchasing an additional 290 shares during the last quarter. Kentucky Trust Co bought a new position in shares of Campbell's during the fourth quarter worth about $42,000. Quent Capital LLC lifted its position in shares of Campbell's by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after purchasing an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Campbell's during the fourth quarter worth about $47,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Campbell's
In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of Campbell'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 value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 20.19% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of Campbell's from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. BNP Paribas raised shares of Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Consumer Edge reissued an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. UBS Group assumed coverage on shares of Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 target price on the stock. Finally, Wells Fargo & Company cut 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 report on Thursday, March 6th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $44.27.
View Our Latest Stock Analysis on CPB
Campbell's Stock Performance
Shares of CPB traded up $0.56 during mid-day trading on Friday, reaching $35.52. 2,279,355 shares of the company's stock traded hands, compared to its average volume of 2,806,551. The Campbell's Company has a 12 month low of $34.27 and a 12 month high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock has a market capitalization of $10.59 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The business's 50-day moving average price is $37.45 and its 200-day moving average price is $40.09.
Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts predict that The Campbell's Company will post 3.15 earnings per share for the current year.
Campbell's Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.39%. Campbell's's dividend payout ratio is presently 90.17%.
Campbell's Profile
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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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