The Campbell’s Company (NASDAQ:CPB) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 4.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,960 shares of the company’s stock after selling 500 shares during the quarter. Moors & Cabot Inc.’s holdings in Campbell’s were worth $438,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CPB. NBC Securities Inc. acquired a new stake in Campbell’s during the 1st quarter worth approximately $31,000. Riverview Trust Co purchased a new stake in shares of Campbell’s during the first quarter worth approximately $46,000. Banque Cantonale Vaudoise acquired a new stake in shares of Campbell’s during the first quarter worth $47,000. Canada Post Corp Registered Pension Plan acquired a new position in Campbell’s in the 4th quarter valued at $59,000. Finally, Curat Global LLC purchased a new position in Campbell’s during the 1st quarter worth $58,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CPB shares. Piper Sandler lowered their target price on shares of Campbell’s from $41.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft dropped their target price on Campbell’s from $43.00 to $39.00 and set a “hold” rating on the stock in a research report on Wednesday, May 21st. Stifel Nicolaus reduced their price target on Campbell’s from $38.00 to $34.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Wells Fargo & Company dropped their price objective on Campbell’s from $34.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 9th. Finally, Morgan Stanley reduced their target price on Campbell’s from $40.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, June 3rd. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.11.

Campbell’s Trading Down 0.1%

Campbell’s stock opened at $32.29 on Tuesday. The stock has a 50-day moving average price of $32.26 and a 200 day moving average price of $35.97. The Campbell’s Company has a 52 week low of $29.39 and a 52 week high of $52.81. The stock has a market cap of $9.63 billion, a PE ratio of 21.38, a P/E/G ratio of 10.05 and a beta of 0.08. 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 issued its quarterly earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell’s had a net margin of 4.44% and a return on equity of 23.22%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.8%. Campbell’s’s payout ratio is currently 103.31%.

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.