Syon Capital LLC Buys Shares of 7,393 The Campbell's Company (NASDAQ:CPB)

Syon Capital LLC purchased a new position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,393 shares of the company's stock, valued at approximately $310,000.

Other large investors have also made changes to their positions in the company. Sherman Asset Management Inc. acquired a new position in Campbell's during the fourth quarter worth about $36,000. Principal Securities Inc. boosted its stake in shares of Campbell's by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of Campbell's in the 4th quarter worth approximately $42,000. Quent Capital LLC increased its stake in Campbell's by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after purchasing an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Campbell's during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CPB. Citigroup lowered their target price on Campbell's from $39.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, March 6th. Jefferies Financial Group dropped their target price on shares of Campbell's from $42.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. Wells Fargo & Company reduced their price target on shares of Campbell's from $43.00 to $40.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Morgan Stanley started coverage on shares of Campbell's in a research note on Monday, March 24th. They set an "equal weight" rating and a $40.00 price objective for the company. Finally, 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 note on Thursday, March 6th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $44.27.

Insider Transactions at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. This trade represents a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.19% of the company's stock.

Campbell's Stock Performance

Shares of CPB stock opened at $36.29 on Friday. 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 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 Campbell's Company has a one year low of $35.85 and a one year high of $52.81. The company has a 50 day moving average price of $38.90 and a 200 day moving average price of $41.39.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.30%. Campbell's's dividend payout ratio is currently 90.17%.

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.

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