Stifel Financial Corp Sells 24,126 Shares of The Campbell's Company (NASDAQ:CPB)

Stifel Financial Corp decreased its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,157 shares of the company's stock after selling 24,126 shares during the quarter. Stifel Financial Corp's holdings in Campbell's were worth $1,430,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sherman Asset Management Inc. purchased a new position in Campbell's in the fourth quarter worth $36,000. Principal Securities Inc. lifted its stake in 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 4th quarter valued at $42,000. Quent Capital LLC increased its stake 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 purchasing an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Campbell's during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Trading Down 0.8 %

Shares of CPB traded down $0.27 during trading hours on Friday, hitting $35.31. The stock had a trading volume of 1,958,393 shares, compared to its average volume of 2,775,605. 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 12-month low of $35.09 and a 12-month high of $52.81. The company's fifty day simple moving average is $37.98 and its 200 day simple moving average is $40.50. The firm has a market cap of $10.53 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.71 and a beta of 0.14.

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. The firm 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%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Announces Dividend

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 dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.42%. Campbell's's dividend payout ratio is 90.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Bank of America reduced their price objective on Campbell's from $45.00 to $41.00 and set an "underperform" rating for the company in a research report on Thursday, March 6th. DA Davidson cut their price target on Campbell's from $46.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Morgan Stanley started coverage on Campbell's in a report on Monday, March 24th. They set an "equal weight" rating and a $40.00 price target for the company. Consumer Edge reiterated an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. Finally, Royal Bank of Canada decreased their price objective on shares of Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Campbell's currently has an average rating of "Hold" and an average price target of $44.27.

Insider Activity at Campbell's

In related 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 stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is currently owned by company insiders.

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.