RBF Capital LLC Has $2.09 Million Stake in The Campbell's Company (NASDAQ:CPB)

RBF Capital LLC grew its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the company's stock after buying an additional 10,000 shares during the quarter. RBF Capital LLC's holdings in Campbell's were worth $2,094,000 as of its most recent SEC filing.

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

Campbell's Price Performance

Shares of NASDAQ CPB traded down $0.43 during mid-day trading on Friday, reaching $36.29. 2,383,113 shares of the company traded hands, compared to its average volume of 2,760,216. The Campbell's Company has a fifty-two week low of $35.86 and a fifty-two week high of $52.81. The firm has a market cap of $10.82 billion, a PE 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 200-day simple moving average of $41.39. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. Equities research analysts anticipate that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.30%. Campbell's's dividend payout ratio (DPR) is 90.17%.

Insider Transactions at Campbell's

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell'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 directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 20.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CPB shares. UBS Group assumed coverage on shares of Campbell's in a research report on Wednesday. They set a "sell" rating and a $36.00 price objective for the company. Jefferies Financial Group lowered their target price on 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 cut their price target on 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 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 cut 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Campbell's currently has an average rating of "Hold" and an average 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.