The Campbell’s Company (NASDAQ:CPB) Stock Holdings Boosted by Ballentine Partners LLC

Ballentine Partners LLC increased its position in The Campbell’s Company (NASDAQ:CPB) by 60.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,501 shares of the company’s stock after acquiring an additional 5,855 shares during the period. Ballentine Partners LLC’s holdings in Campbell’s were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CPB. DoubleLine ETF Adviser LP increased its stake in shares of Campbell’s by 2.8% in the fourth quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company’s stock valued at $487,000 after purchasing an additional 312 shares during the period. Koss Olinger Consulting LLC increased its position in Campbell’s by 0.7% in the 4th quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company’s stock valued at $2,195,000 after acquiring an additional 380 shares during the period. Personal CFO Solutions LLC raised its stake in Campbell’s by 5.5% during the 1st quarter. Personal CFO Solutions LLC now owns 8,077 shares of the company’s stock valued at $322,000 after acquiring an additional 421 shares in the last quarter. Xponance Inc. raised its stake in Campbell’s by 1.6% during the 1st quarter. Xponance Inc. now owns 28,885 shares of the company’s stock valued at $1,153,000 after acquiring an additional 445 shares in the last quarter. Finally, Horizon Investments LLC boosted its position in Campbell’s by 18.2% during the 4th quarter. Horizon Investments LLC now owns 3,160 shares of the company’s stock worth $131,000 after acquiring an additional 487 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Stock Down 1.7%

Shares of Campbell’s stock opened at $30.71 on Tuesday. The stock’s fifty day moving average is $33.26 and its 200-day moving average is $36.89. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $9.16 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 9.12 and a beta of 0.08. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $52.81.

Campbell’s (NASDAQ:CPB) last released its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell’s had a net margin of 4.44% and a return on equity of 23.22%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities 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 will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be given a $0.39 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 5.08%. Campbell’s’s dividend payout ratio (DPR) is presently 103.31%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CPB shares. Stifel Nicolaus lowered their price target on Campbell’s from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, June 3rd. UBS Group initiated coverage on shares of Campbell’s in a research note on Wednesday, April 23rd. They set a “sell” rating and a $36.00 target price on the stock. Citigroup reduced their price target on shares of Campbell’s from $33.00 to $32.00 and set a “sell” rating for the company in a research note on Tuesday, June 3rd. Morgan Stanley decreased their price objective on shares of Campbell’s from $40.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, June 3rd. Finally, Argus cut Campbell’s from a “buy” rating to a “hold” rating in a report on Friday, June 20th. Five analysts have rated the stock with a sell rating, twelve have given 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 an average target price of $39.72.

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.