Jump Financial LLC Acquires 9,088 Shares of The Campbell's Company (NASDAQ:CPB)

Jump Financial LLC raised its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,225 shares of the company's stock after acquiring an additional 9,088 shares during the quarter. Jump Financial LLC's holdings in Campbell's were worth $1,391,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CPB. MML Investors Services LLC raised its stake in Campbell's by 8.1% during the 3rd quarter. MML Investors Services LLC now owns 10,581 shares of the company's stock valued at $518,000 after purchasing an additional 789 shares during the period. Passumpsic Savings Bank purchased a new stake in Campbell's during the 3rd quarter valued at approximately $221,000. Morse Asset Management Inc bought a new stake in shares of Campbell's during the third quarter valued at approximately $183,000. Sanctuary Advisors LLC purchased a new position in shares of Campbell's in the third quarter worth $240,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Campbell's during the third quarter worth $216,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell's Trading Down 0.9 %

Shares of CPB traded down $0.32 during mid-day trading on Wednesday, reaching $37.56. 2,812,196 shares of the company's stock traded hands, compared to its average volume of 2,766,866. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock's 50-day moving average is $38.99 and its two-hundred day moving average is $41.57. The Campbell's Company has a 12 month low of $36.02 and a 12 month high of $52.81. The stock has a market cap of $11.20 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.71 and a beta of 0.19.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. The company's revenue was up 9.3% on a year-over-year basis. Research analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The business 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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Thursday, April 3rd. Campbell's's dividend payout ratio (DPR) is presently 90.17%.

Insider Activity

In other news, EVP Charles A. Brawley III sold 2,498 shares of the 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. This represents a 6.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.19% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CPB shares. JPMorgan Chase & Co. downgraded shares of Campbell's from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $48.00 to $37.00 in a report on Thursday, March 6th. BNP Paribas upgraded Campbell's to a "strong sell" rating in a research report on Wednesday, February 26th. Morgan Stanley assumed coverage on Campbell's in a report on Monday, March 24th. They set an "equal weight" rating and a $40.00 price target for the company. Citigroup decreased their price objective on Campbell's from $39.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, March 6th. Finally, Consumer Edge reissued an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $44.27.

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.