The Campbell’s Company (NASDAQ:CPB) Stock Position Decreased by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its holdings in The Campbell’s Company (NASDAQ:CPB) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,570 shares of the company’s stock after selling 775 shares during the period. Guggenheim Capital LLC’s holdings in Campbell’s were worth $652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPB. Franklin Resources Inc. increased its holdings in shares of Campbell’s by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after acquiring an additional 1,792,005 shares during the period. Invesco Ltd. increased its stake in shares of Campbell’s by 38.2% in the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock valued at $194,556,000 after purchasing an additional 1,282,957 shares during the period. Norges Bank bought a new stake in shares of Campbell’s during the fourth quarter valued at approximately $50,908,000. Cerity Partners LLC boosted its position in shares of Campbell’s by 294.4% during the fourth quarter. Cerity Partners LLC now owns 837,301 shares of the company’s stock worth $35,115,000 after buying an additional 625,010 shares during the period. Finally, Van ECK Associates Corp grew its holdings 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 worth $387,273,000 after buying an additional 531,281 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada reduced their price target on Campbell’s from $51.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, March 6th. DA Davidson reduced their price objective on shares of Campbell’s from $46.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. UBS Group began coverage on shares of Campbell’s in a research note on Wednesday. They set a “sell” rating and a $36.00 target price on the stock. Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell’s in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. cut shares of Campbell’s from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $37.00 in a report 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 issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.27.

Campbell’s Trading Down 2.1 %

NASDAQ:CPB opened at $36.72 on Friday. The stock has a fifty day simple moving average of $38.97 and a 200 day simple moving average of $41.54. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The Campbell’s Company has a 1-year low of $36.02 and a 1-year high of $52.81.

Campbell’s (NASDAQ:CPB) last released 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. The business 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 firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

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 issued a $0.39 dividend. 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 4.25%. Campbell’s’s payout ratio is currently 90.17%.

Insider Transactions at Campbell’s

In other news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were 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 directly owns 37,590 shares of the company’s stock, valued at $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.19% of the stock is currently owned by insiders.

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.