Trajan Wealth LLC Raises Stock Holdings in The Campbell's Company (NASDAQ:CPB)

Trajan Wealth LLC boosted its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,882 shares of the company's stock after purchasing an additional 9,821 shares during the period. Trajan Wealth LLC's holdings in Campbell's were worth $4,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CPB. Sherman Asset Management Inc. acquired a new position in Campbell's during the fourth quarter worth about $36,000. Principal Securities Inc. lifted its stake in shares of Campbell's by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after acquiring an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of Campbell's during the 4th quarter valued at $42,000. Quent Capital LLC raised its position in Campbell's by 77.7% in 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 bought a new position in Campbell's in the 4th quarter valued at approximately $47,000. Institutional investors own 52.35% of the company's stock.

Insider Activity

In related 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 transaction of $99,994.94. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 20.19% of the company's stock.

Campbell's Stock Down 0.9 %

CPB traded down $0.32 during mid-day trading on Wednesday, reaching $37.56. 2,812,196 shares of the stock were exchanged, compared to its average volume of 2,768,349. The Campbell's Company has a 1 year low of $36.02 and a 1 year high of $52.81. The stock has a market capitalization of $11.20 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a 50 day moving average price of $38.99 and a two-hundred day moving average price of $41.57. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell's (NASDAQ:CPB - Get Free Report) last released its 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 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 quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

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 paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.15%. Campbell's's payout ratio is 90.17%.

Analyst Ratings Changes

CPB has been the subject of several recent research reports. BNP Paribas upgraded shares of Campbell's to a "strong sell" rating in a research report on Wednesday, February 26th. Wells Fargo & Company lowered their target price on Campbell's from $43.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Royal Bank of Canada cut their target price on Campbell's from $51.00 to $44.00 and set a "sector perform" rating on the stock in a report on Thursday, March 6th. Bank of America decreased their price target on Campbell's from $45.00 to $41.00 and set an "underperform" rating for the company in a research note on Thursday, March 6th. Finally, Morgan Stanley assumed coverage on Campbell's in a report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 target price on the stock. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average 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.