The Campbell's Company (NASDAQ:CPB) Stake Lessened by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,412 shares of the company's stock after selling 8,195 shares during the quarter. Voya Investment Management LLC's holdings in Campbell's were worth $2,363,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Sherman Asset Management Inc. acquired a new stake in shares of Campbell's in the fourth quarter worth $36,000. Principal Securities Inc. increased 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. Kentucky Trust Co purchased a new position in Campbell's in the fourth quarter valued at about $42,000. Quent Capital LLC lifted its stake in shares of Campbell's by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after purchasing an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Campbell's in the fourth quarter worth about $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Campbell's from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Jefferies Financial Group decreased their target price 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. Citigroup lowered their target price on Campbell's from $39.00 to $37.00 and set a "sell" rating for the company in a research note on Thursday, March 6th. BNP Paribas raised Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Finally, Bank of America cut their target price on Campbell's from $45.00 to $41.00 and set an "underperform" rating on the stock in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $44.27.

Campbell's Price Performance

CPB traded down $0.06 on Friday, reaching $35.52. The company had a trading volume of 575,777 shares, compared to its average volume of 2,761,640. The company has a market capitalization of $10.59 billion, a P/E ratio of 19.41, a PEG ratio of 2.71 and a beta of 0.14. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average of $38.08 and a 200-day moving average of $40.63. The Campbell's Company has a one year low of $35.09 and a one year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its 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. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.74 billion. The company's revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

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

Insider Buying and Selling

In related 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 transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at approximately $1,504,727.70. This trade represents a 6.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.19% of the stock is currently owned by insiders.

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.