The Campbell's Company (NASDAQ:CPB) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,826 shares of the company's stock after selling 11,398 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of Campbell's worth $7,280,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Campbell's by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company's stock valued at $989,440,000 after buying an additional 447,203 shares during the period. Van ECK Associates Corp grew its position in Campbell's by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock valued at $387,273,000 after acquiring an additional 531,281 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its position in shares of Campbell's by 0.5% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock worth $290,034,000 after purchasing an additional 35,160 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Campbell's by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock valued at $222,420,000 after purchasing an additional 57,717 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Campbell's by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company's stock worth $177,487,000 after buying an additional 199,470 shares during the period. 52.35% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Charles A. Brawley III sold 2,498 shares of the firm's stock in a transaction on Monday, March 31st. The shares were 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 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 hyperlink. Insiders own 20.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson reduced their target price on shares of Campbell's from $46.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Citigroup decreased their target price on Campbell's from $39.00 to $37.00 and set a "sell" rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. downgraded Campbell's from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Bank of America decreased their price objective on Campbell's from $45.00 to $41.00 and set an "underperform" rating for the company in a report on Thursday, March 6th. Finally, BNP Paribas raised shares of Campbell's to a "strong sell" rating in a research report on Wednesday, February 26th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $44.27.

Campbell's Stock Performance

Shares of NASDAQ:CPB traded down $0.46 on Thursday, hitting $37.04. 521,922 shares of the company were exchanged, compared to its average volume of 3,329,698. The firm has a market capitalization of $11.04 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The stock's 50 day moving average price is $38.97 and its 200 day moving average price is $41.54. The Campbell's Company has a 1-year low of $36.02 and a 1-year high of $52.81.

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 for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts predict that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 4.21%. Campbell's's 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.