BI Asset Management Fondsmaeglerselskab A S Lowers Position in The Campbell's Company (NASDAQ:CPB)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 37.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,754 shares of the company's stock after selling 7,074 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Campbell's were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in Campbell's by 1,593.8% in the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after acquiring an additional 1,792,005 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Campbell's by 161.8% in the 4th 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 in the last quarter. ING Groep NV purchased a new stake in Campbell's during the 4th quarter worth approximately $1,062,000. Hussman Strategic Advisors Inc. increased its stake in Campbell's by 133.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock valued at $6,156,000 after purchasing an additional 84,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Campbell's by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company's stock worth $74,860,000 after buying an additional 21,849 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Insider Transactions at Campbell's

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 20.19% of the company's stock.

Campbell's Price Performance

Shares of NASDAQ CPB traded down $0.43 during trading on Friday, hitting $36.29. The company had a trading volume of 2,383,113 shares, compared to its average volume of 2,761,684. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The stock has a fifty day simple moving average of $38.90 and a two-hundred day simple moving average of $41.30. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell's Company has a fifty-two week low of $35.85 and a fifty-two week high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion during 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%. Campbell's's revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts expect that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell's's dividend payout ratio (DPR) is 90.17%.

Wall Street Analysts Forecast Growth

CPB has been the topic of several research reports. JPMorgan Chase & Co. lowered Campbell's from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Royal Bank of Canada reduced their price objective on Campbell's from $51.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, March 6th. UBS Group initiated coverage on shares of Campbell's in a research note on Wednesday. They set a "sell" rating and a $36.00 price objective for the company. DA Davidson lowered their price target on shares of Campbell's from $46.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, Consumer Edge restated an "equal weight" rating on shares of Campbell's in a research note on Monday, March 17th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $44.27.

About Campbell's

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.