Mitsubishi UFJ Asset Management Co. Ltd. Purchases 484 Shares of The Campbell’s Company (NASDAQ:CPB)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 0.1% in the first quarter, HoldingsChannel reports. The firm owned 327,104 shares of the company’s stock after buying an additional 484 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Campbell’s were worth $13,058,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Advisers LP lifted its position in shares of Campbell’s by 272.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock valued at $93,949,000 after buying an additional 1,641,400 shares during the last quarter. Man Group plc lifted its holdings in Campbell’s by 1,296.1% during the 4th quarter. Man Group plc now owns 1,407,161 shares of the company’s stock valued at $58,932,000 after purchasing an additional 1,306,372 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Campbell’s during the fourth quarter worth $48,468,000. Two Sigma Investments LP increased its holdings in shares of Campbell’s by 119.2% in the fourth quarter. Two Sigma Investments LP now owns 1,998,756 shares of the company’s stock valued at $83,708,000 after purchasing an additional 1,086,856 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Campbell’s by 56.9% in the fourth quarter. Deutsche Bank AG now owns 2,662,547 shares of the company’s stock valued at $111,507,000 after purchasing an additional 966,044 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

CPB has been the subject of several research analyst reports. DA Davidson reduced their target price on shares of Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, June 9th. Jefferies Financial Group reduced their price objective on Campbell’s from $40.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, May 21st. Piper Sandler reiterated a “neutral” rating and set a $34.00 target price (down previously from $35.00) on shares of Campbell’s in a research note on Thursday, August 7th. Stephens reduced their price target on Campbell’s from $48.00 to $43.00 in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus decreased their price objective on Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Campbell’s currently has a consensus rating of “Hold” and a consensus price target of $39.06.

Campbell’s Stock Down 1.0%

Shares of CPB opened at $32.11 on Tuesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. 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 capitalization of $9.57 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 10.13 and a beta of 0.08. The stock has a fifty day moving average of $32.11 and a 200-day moving average of $35.75.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 4.5% 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 fiscal year.

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.