The Campbell's Company (NASDAQ:CPB) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 53.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 281,782 shares of the company's stock after selling 328,947 shares during the period. Price T Rowe Associates Inc. MD owned 0.09% of Campbell's worth $11,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Sherman Asset Management Inc. acquired a new position in Campbell's in the fourth quarter valued at approximately $36,000. Principal Securities Inc. raised its position in shares of Campbell's by 45.5% during the 4th 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 purchased a new position in Campbell's in the 4th quarter valued at about $42,000. Quent Capital LLC boosted its holdings in Campbell's by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after buying an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Campbell's during the 4th quarter worth approximately $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction dated 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 transaction, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. This trade represents a 6.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.19% of the stock is owned by company insiders.

Campbell's Trading Down 0.1 %

Shares of CPB stock traded down $0.04 during trading hours on Tuesday, hitting $35.54. The company had a trading volume of 1,959,170 shares, compared to its average volume of 2,759,075. The Campbell's Company has a fifty-two week low of $35.21 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The company's fifty day moving average is $38.38 and its 200 day moving average is $40.78. The stock has a market capitalization of $10.60 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14.

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

Campbell's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Thursday, April 3rd. Campbell's's payout ratio is 90.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CPB shares. JPMorgan Chase & Co. lowered Campbell's from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. DA Davidson reduced their target price on shares of Campbell's from $46.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Citigroup lowered their price target on shares of Campbell's from $39.00 to $37.00 and set a "sell" rating on the stock in a research report on Thursday, March 6th. Stifel Nicolaus cut their price objective on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating for the company in a report on Friday, January 24th. Finally, Bank of America lowered their target price on Campbell's from $45.00 to $41.00 and set an "underperform" rating on the stock in a report on Thursday, March 6th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell's currently has an average rating of "Hold" and a consensus target price of $44.27.

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.