Tower Research Capital LLC TRC Grows Stock Position in The Campbell's Company (NASDAQ:CPB)

Tower Research Capital LLC TRC grew its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 107.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,028 shares of the company's stock after buying an additional 8,318 shares during the period. Tower Research Capital LLC TRC's holdings in Campbell's were worth $671,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CPB. Trajan Wealth LLC lifted its position in Campbell's by 9.9% in the 4th quarter. Trajan Wealth LLC now owns 108,882 shares of the company's stock worth $4,560,000 after buying an additional 9,821 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Campbell's by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 51,908 shares of the company's stock worth $2,174,000 after acquiring an additional 764 shares during the last quarter. Norinchukin Bank The boosted its stake in shares of Campbell's by 7.3% in the 4th quarter. Norinchukin Bank The now owns 8,485 shares of the company's stock valued at $355,000 after purchasing an additional 577 shares in the last quarter. Ossiam grew its holdings in shares of Campbell's by 211.4% during the 4th quarter. Ossiam now owns 4,792 shares of the company's stock valued at $201,000 after purchasing an additional 3,253 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Campbell's by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,030,627 shares of the company's stock worth $168,790,000 after purchasing an additional 550,210 shares during the period. Institutional investors own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

CPB has been the topic of several analyst reports. Citigroup decreased their price objective on Campbell's from $39.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, March 6th. Bank of America lowered 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. Stifel Nicolaus cut their target price on shares of Campbell's from $47.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company lowered their price target on shares of Campbell's from $43.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Finally, Royal Bank of Canada cut 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 report on Thursday, March 6th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $44.27.

Campbell's Stock Down 0.1 %

CPB stock traded down $0.03 on Friday, reaching $35.86. 2,111,571 shares of the company traded hands, compared to its average volume of 2,765,819. 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 firm has a fifty day simple moving average of $38.47 and a 200-day simple moving average of $40.93. The Campbell's Company has a one year low of $35.35 and a one year high of $52.81. The company has a market cap of $10.69 billion, a P/E ratio of 19.60, 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 quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm 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 company's quarterly revenue was up 9.3% on a year-over-year basis. Research analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, April 3rd. Campbell's's payout ratio is 90.17%.

Insider Transactions at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were 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 in the company, valued at $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.19% of the company's stock.

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.