Shepherd Kaplan Krochuk LLC Has $5.63 Million Stock Holdings in The Campbell’s Company (NASDAQ:CPB)

Shepherd Kaplan Krochuk LLC trimmed its holdings in The Campbell’s Company (NASDAQ:CPB) by 8.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 134,418 shares of the company’s stock after selling 11,934 shares during the quarter. Campbell’s comprises approximately 4.7% of Shepherd Kaplan Krochuk LLC’s portfolio, making the stock its 5th biggest position. Shepherd Kaplan Krochuk LLC’s holdings in Campbell’s were worth $5,629,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its position in Campbell’s by 161.8% in the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock worth $7,801,000 after purchasing an additional 115,122 shares during the last quarter. ING Groep NV purchased a new position in Campbell’s in the 4th quarter worth approximately $1,062,000. Hussman Strategic Advisors Inc. lifted its holdings in Campbell’s by 133.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $6,156,000 after purchasing an additional 84,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Campbell’s by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company’s stock worth $74,860,000 after acquiring an additional 21,849 shares in the last quarter. Finally, Smith Group Asset Management LLC purchased a new stake in shares of Campbell’s during the 4th quarter worth approximately $293,000. 52.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. 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. Stifel Nicolaus dropped their price target on Campbell’s from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company dropped 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 price objective 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. Finally, JPMorgan Chase & Co. cut Campbell’s from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Campbell’s has a consensus rating of “Hold” and a consensus target price of $44.27.

Insider Buying and Selling at Campbell’s

In other Campbell’s 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 sale, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is owned by corporate insiders.

Campbell’s Stock Up 1.9%

Campbell’s stock opened at $34.96 on Friday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The Campbell’s Company has a 52 week low of $34.27 and a 52 week high of $52.81. The business’s 50-day moving average price is $37.53 and its 200 day moving average price is $40.21. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell’s (NASDAQ:CPB) last posted 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. The firm had revenue of $2.69 billion for 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 firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side 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 disclosed 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. This represents a $1.56 annualized dividend and a yield of 4.46%. The ex-dividend date is Thursday, July 3rd. Campbell’s’s payout ratio is currently 90.17%.

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.