Voya Investment Management LLC Reduces Holdings in The Campbell's Company (NASDAQ:CPB)

Voya Investment Management LLC lowered its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CPB. Wilmington Savings Fund Society FSB acquired a new stake in shares of Campbell's during the third quarter valued at $216,000. Tidal Investments LLC lifted its holdings in Campbell's by 304.4% in the 3rd quarter. Tidal Investments LLC now owns 26,927 shares of the company's stock valued at $1,317,000 after purchasing an additional 20,268 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of 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 purchasing an additional 1,792,005 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Campbell's by 6.8% in the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company's stock valued at $13,629,000 after buying an additional 17,663 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Campbell's in the fourth quarter valued at approximately $569,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Trading Down 0.1 %

NASDAQ:CPB opened at $35.86 on Friday. The Campbell's Company has a 12 month low of $35.35 and a 12 month high of $52.81. The business's 50-day moving average is $38.47 and its two-hundred day moving average is $40.93. 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 market capitalization of $10.69 billion, a PE 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 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. 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 analyst estimates of $2.74 billion. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. Research analysts predict that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Dividend Announcement

The company also recently declared 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 4.35%. The ex-dividend date of this dividend was Thursday, April 3rd. Campbell's's dividend payout ratio (DPR) is 90.17%.

Analyst Ratings Changes

Several analysts have commented on CPB shares. Bank of America lowered their target price on shares of Campbell's from $45.00 to $41.00 and set an "underperform" rating for the company in a research note on Thursday, March 6th. Jefferies Financial Group dropped their target price on Campbell's from $42.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered Campbell's from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. Finally, Morgan Stanley assumed coverage on shares of Campbell's in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $44.27.

Insider Buying and Selling

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of Campbell'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 sale, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is currently owned by insiders.

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.

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