The Campbell's Company (NASDAQ:CPB) Holdings Decreased by Mariner LLC

Mariner LLC decreased its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 35.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,488 shares of the company's stock after selling 23,558 shares during the period. Mariner LLC's holdings in Campbell's were worth $1,821,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Ballentine Partners LLC boosted its position in shares of Campbell's by 2.8% in the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock worth $404,000 after buying an additional 262 shares in the last quarter. Principal Securities Inc. grew its position in shares of Campbell's by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after purchasing an additional 290 shares during the last quarter. SPC Financial Inc. lifted its stake in Campbell's by 2.3% in the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after buying an additional 300 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in shares of Campbell's by 1.5% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after acquiring an additional 306 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in Campbell's by 4.3% during the 4th quarter. HB Wealth Management LLC now owns 7,718 shares of the company's stock worth $323,000 after purchasing an additional 319 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Campbell's

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is owned by corporate insiders.

Campbell's Stock Performance

Shares of NASDAQ CPB traded up $0.20 during trading on Tuesday, reaching $36.04. The stock had a trading volume of 1,209,618 shares, compared to its average volume of 2,757,282. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock has a market cap of $10.75 billion, a PE ratio of 19.68, a P/E/G ratio of 2.71 and a beta of 0.19. The Campbell's Company has a one year low of $35.35 and a one year high of $52.81. The firm's 50 day moving average price is $38.84 and its two-hundred day moving average price is $41.22.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating 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%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Thursday, April 3rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.33%. The ex-dividend date was Thursday, April 3rd. Campbell's's payout ratio is currently 90.17%.

Analyst Ratings Changes

CPB has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Campbell's from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered Campbell's from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Morgan Stanley started coverage on Campbell's in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 price objective for the company. Bank of America reduced their target price on Campbell's from $45.00 to $41.00 and set an "underperform" rating on the stock in a research report on Thursday, March 6th. Finally, UBS Group started coverage on Campbell's in a report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price target for the company. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $44.27.

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.