The Campbell’s Company (NASDAQ:CPB) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 63.3% during the fourth quarter, Holdings Channel reports. The firm owned 6,285 shares of the company’s stock after selling 10,834 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Campbell’s were worth $263,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sherman Asset Management Inc. bought a new stake in Campbell’s in the fourth quarter valued at $36,000. Principal Securities Inc. increased its holdings in shares of Campbell’s by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares during the period. Kentucky Trust Co bought a new stake in Campbell’s in the 4th quarter valued at about $42,000. Quent Capital LLC boosted its stake in Campbell’s by 77.7% during 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 during the period. Finally, Stonebridge Financial Group LLC bought a new position in Campbell’s in the 4th quarter worth about $47,000. 52.35% of the stock is currently owned by institutional investors.

Insider Transactions at Campbell’s

In related news, EVP Charles A. Brawley III sold 2,498 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly 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 document filed with the SEC, which can be accessed through the SEC website. 20.19% of the stock is currently owned by insiders.

Campbell’s Stock Performance

CPB opened at $36.04 on Wednesday. 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 cap of $10.75 billion, a PE ratio of 19.69, a P/E/G ratio of 2.71 and a beta of 0.19. The business has a fifty day simple moving average of $38.78 and a 200-day simple moving average of $41.18. The Campbell’s Company has a fifty-two week low of $35.35 and a fifty-two week high of $52.81.

Campbell’s (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Campbell’s had a net margin of 5.57% and a return on equity of 23.79%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The firm’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts predict that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.33%. Campbell’s’s payout ratio is currently 90.17%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CPB shares. Bank of America reduced their price objective on Campbell’s from $45.00 to $41.00 and set an “underperform” rating for the company in a research report on Thursday, March 6th. Jefferies Financial Group reduced their price target on Campbell’s from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Royal Bank of Canada lowered their price target 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. BNP Paribas raised shares of Campbell’s to a “strong sell” rating in a report on Wednesday, February 26th. Finally, DA Davidson lowered 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 note on Tuesday, March 11th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.