MJP Associates Inc. ADV Makes New Investment in The Campbell's Company (NASDAQ:CPB)

MJP Associates Inc. ADV bought 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 Securities & Exchange Commission. The firm bought 9,934 shares of the company's stock, valued at approximately $416,000.

Other large investors also recently modified their holdings of the company. Gotham Asset Management LLC raised its holdings in Campbell's by 177.6% in the fourth quarter. Gotham Asset Management LLC now owns 15,728 shares of the company's stock valued at $659,000 after acquiring an additional 10,062 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Campbell's in the 4th quarter valued at about $538,000. Ethic Inc. raised its stake in shares of Campbell's by 10.9% in the 4th quarter. Ethic Inc. now owns 67,240 shares of the company's stock valued at $2,816,000 after purchasing an additional 6,614 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Campbell's by 4.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,056,937 shares of the company's stock valued at $86,145,000 after purchasing an additional 96,355 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Campbell's in the fourth quarter worth about $2,121,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the sale, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. This represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 20.19% of the company's stock.

Analysts Set New Price Targets

CPB has been the topic of several research reports. Stifel Nicolaus cut their price objective on Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered Campbell's from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Morgan Stanley initiated coverage on Campbell's in a research report on Monday, March 24th. They set an "equal weight" rating and a $40.00 price target on the stock. Bank of America decreased their price objective on shares of Campbell's from $45.00 to $41.00 and set an "underperform" rating for the company in a report on Thursday, March 6th. Finally, Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Campbell's has an average rating of "Hold" and an average price target of $44.27.

Campbell's Stock Performance

Shares of CPB opened at $35.94 on Tuesday. 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 Campbell's Company has a 1 year low of $35.09 and a 1 year high of $52.81. The firm has a fifty day moving average of $37.92 and a 200-day moving average of $40.38. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (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 firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Thursday, April 3rd. Campbell's's dividend payout ratio (DPR) is 90.17%.

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.

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