The Campbell's Company (NASDAQ:CPB) Shares Sold by Northern Trust Corp

Northern Trust Corp reduced its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,919,305 shares of the company's stock after selling 44,620 shares during the quarter. Northern Trust Corp owned 0.64% of Campbell's worth $80,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CPB. Ballentine Partners LLC lifted its position in shares of Campbell's by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after acquiring an additional 262 shares in the last quarter. Principal Securities Inc. lifted its holdings in Campbell's by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after purchasing an additional 290 shares in the last quarter. SPC Financial Inc. lifted its holdings in Campbell's by 2.3% in the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after purchasing an additional 300 shares in the last quarter. Ascent Wealth Partners LLC boosted its stake in Campbell's by 1.5% during the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock worth $845,000 after purchasing an additional 306 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Campbell's by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company's stock worth $323,000 after buying an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Insiders Place Their Bets

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 stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares of the company's stock, 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 filing with the SEC, which is available at this hyperlink. 20.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CPB shares. Stifel Nicolaus lowered their price target on shares of 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 reiterated an "equal weight" rating on shares of Campbell's in a research report on Monday, March 17th. JPMorgan Chase & Co. downgraded 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 research note on Thursday, March 6th. Royal Bank of Canada lowered their price target on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. Finally, Jefferies Financial Group cut their price objective on shares of Campbell's from $42.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Five equities research 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.com, the company presently has an average rating of "Hold" and a consensus target price of $44.27.

Campbell's Stock Down 0.6 %

CPB stock traded down $0.22 during mid-day trading on Wednesday, reaching $35.29. The company had a trading volume of 2,262,249 shares, compared to its average volume of 2,765,160. The firm has a fifty day simple moving average of $38.20 and a 200 day simple moving average of $40.71. 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 fifty-two week low of $35.10 and a fifty-two week high of $52.81. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14.

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, beating analysts' consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. Campbell's's quarterly revenue was up 9.3% on a year-over-year basis. Analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Dividend Announcement

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

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.