Personal CFO Solutions LLC Increases Stake in The Campbell’s Company (NASDAQ:CPB)

Personal CFO Solutions LLC boosted its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,077 shares of the company’s stock after purchasing an additional 421 shares during the period. Personal CFO Solutions LLC’s holdings in Campbell’s were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CPB. Assetmark Inc. increased its position in shares of Campbell’s by 111.7% in the 4th quarter. Assetmark Inc. now owns 3,851 shares of the company’s stock valued at $161,000 after acquiring an additional 2,032 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Campbell’s in the fourth quarter worth about $1,664,000. Raymond James Financial Inc. purchased a new position in shares of Campbell’s in the fourth quarter worth about $21,312,000. Amundi lifted its holdings in shares of Campbell’s by 23.9% during the fourth quarter. Amundi now owns 1,958,238 shares of the company’s stock worth $76,823,000 after purchasing an additional 377,307 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Campbell’s during the fourth quarter worth about $207,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of Campbell’s from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. Consumer Edge restated an “equal weight” rating on shares of Campbell’s in a research report on Monday, March 17th. Barclays decreased their target price on shares of Campbell’s from $40.00 to $35.00 and set an “underweight” rating for the company in a research report on Tuesday, June 3rd. UBS Group started coverage on shares of Campbell’s in a research report on Wednesday, April 23rd. They set a “sell” rating and a $36.00 target price for the company. Finally, Bank of America decreased their target price on shares of Campbell’s from $37.00 to $33.00 and set an “underperform” rating for the company in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.00.

Campbell’s Stock Performance

CPB opened at $30.74 on Thursday. 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 company has a market cap of $9.16 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 9.06 and a beta of 0.08. The Campbell’s Company has a 52-week low of $30.22 and a 52-week high of $52.81. The firm’s fifty day simple moving average is $33.46 and its two-hundred day simple moving average is $37.10.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion for 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 revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. Equities analysts anticipate 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 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Thursday, July 3rd. Campbell’s’s dividend payout ratio (DPR) is 103.31%.

Campbell’s Company 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.