The Campbell's Company (NASDAQ:CPB) Shares Purchased by Trajan Wealth LLC

Trajan Wealth LLC boosted its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,882 shares of the company's stock after buying an additional 9,821 shares during the period. Trajan Wealth LLC's holdings in Campbell's were worth $4,560,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Campbell's by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after buying an additional 1,792,005 shares during the period. Invesco Ltd. grew its stake in shares of Campbell's by 38.2% in the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock worth $194,556,000 after acquiring an additional 1,282,957 shares in the last quarter. Norges Bank purchased a new stake in shares of Campbell's during the fourth quarter worth $50,908,000. Cerity Partners LLC raised its stake in shares of Campbell's by 294.4% in the fourth quarter. Cerity Partners LLC now owns 837,301 shares of the company's stock valued at $35,115,000 after acquiring an additional 625,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Campbell's by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,030,627 shares of the company's stock valued at $168,790,000 after purchasing an additional 550,210 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

Insider Activity

In related news, EVP Charles A. Brawley III sold 2,498 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were 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 owns 37,590 shares in the company, valued at $1,504,727.70. This trade 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 this link. Insiders own 20.19% of the company's stock.

Campbell's Stock Performance

Shares of Campbell's stock traded down $0.44 during trading on Friday, reaching $36.28. The company's stock had a trading volume of 1,324,132 shares, compared to its average volume of 2,757,490. The company has a 50-day moving average price of $38.97 and a two-hundred day moving average price of $41.54. The Campbell's Company has a fifty-two week low of $35.86 and a fifty-two week high of $52.81. The firm has a market cap of $10.82 billion, a PE ratio of 19.82, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

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, topping 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 company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. The company's revenue was up 9.3% on a year-over-year basis. On average, analysts forecast that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, April 3rd. Campbell's's dividend payout ratio (DPR) is 90.17%.

Analysts Set New Price Targets

CPB has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Campbell's from $47.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Jefferies Financial Group decreased their price target on shares of Campbell's from $42.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. Morgan Stanley started coverage on shares of Campbell's in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 price objective 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 research report on Thursday, March 6th. Finally, UBS Group began coverage on Campbell's in a report on Wednesday. They issued a "sell" rating and a $36.00 target price on the stock. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $44.27.

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.