Asset Management One Co. Ltd. Has $9.27 Million Position in The Campbell’s Company (NASDAQ:CPB)

Asset Management One Co. Ltd. cut its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 11.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 232,084 shares of the company’s stock after selling 30,014 shares during the period. Asset Management One Co. Ltd.’s holdings in Campbell’s were worth $9,265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPB. Vanguard Group Inc. lifted its stake in Campbell’s by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock valued at $989,440,000 after acquiring an additional 447,203 shares in the last quarter. Beutel Goodman & Co Ltd. increased its position in shares of Campbell’s by 0.5% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company’s stock worth $290,034,000 after purchasing an additional 35,160 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Campbell’s by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company’s stock worth $222,420,000 after purchasing an additional 57,717 shares during the last quarter. Brandywine Trust Co. raised its stake in Campbell’s by 1.8% in the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company’s stock valued at $203,871,000 after acquiring an additional 84,778 shares during the period. Finally, Invesco Ltd. raised its stake in Campbell’s by 38.2% in the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock valued at $194,556,000 after acquiring an additional 1,282,957 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 value 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 trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Campbell’s Trading Down 0.5%

Shares of CPB stock opened at $30.79 on Friday. The stock has a 50-day moving average of $34.37 and a 200-day moving average of $37.73. The Campbell’s Company has a 1-year low of $30.61 and a 1-year high of $52.81. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 9.04 and a beta of 0.11. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57.

Campbell’s (NASDAQ:CPB) last released its earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 5.07%. Campbell’s’s payout ratio is currently 103.31%.

Analysts Set New Price Targets

CPB has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Campbell’s from $43.00 to $39.00 and set a “hold” rating on the stock in a report on Wednesday, May 21st. Argus downgraded Campbell’s from a “buy” rating to a “hold” rating in a research report on Friday, June 20th. Stephens dropped their price objective on Campbell’s from $48.00 to $43.00 in a research report on Wednesday, May 28th. Stifel Nicolaus dropped their price objective on Campbell’s from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group dropped their target price on Campbell’s from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Campbell’s currently has a consensus rating of “Hold” and an average price target of $40.11.

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.