Captrust Financial Advisors Boosts Position in The Campbell’s Company (NASDAQ:CPB)

Captrust Financial Advisors boosted its holdings in The Campbell’s Company (NASDAQ:CPB) by 18.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,619 shares of the company’s stock after purchasing an additional 2,690 shares during the quarter. Captrust Financial Advisors’ holdings in Campbell’s were worth $737,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CPB. Principal Financial Group Inc. raised its holdings in Campbell’s by 6.8% in the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock valued at $13,629,000 after buying an additional 17,663 shares during the period. Czech National Bank raised its holdings in Campbell’s by 6.1% in the fourth quarter. Czech National Bank now owns 42,590 shares of the company’s stock valued at $1,784,000 after buying an additional 2,450 shares during the period. Brookstone Capital Management raised its holdings in Campbell’s by 4.3% in the fourth quarter. Brookstone Capital Management now owns 23,859 shares of the company’s stock valued at $999,000 after buying an additional 994 shares during the period. Assenagon Asset Management S.A. raised its holdings in Campbell’s by 5.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 13,331 shares of the company’s stock valued at $558,000 after buying an additional 703 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Campbell’s by 11.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 29,087 shares of the company’s stock valued at $1,218,000 after purchasing an additional 2,886 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Consumer Edge reiterated an “equal weight” rating on shares of Campbell’s in a research note on Monday, March 17th. DA Davidson dropped their price objective 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. Morgan Stanley assumed coverage on shares of Campbell’s in a research note on Monday, March 24th. They set an “equal weight” rating and a $40.00 price objective on the stock. UBS Group assumed coverage on shares of Campbell’s in a research note on Wednesday, April 23rd. They set a “sell” rating and a $36.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Campbell’s from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Five research 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 stock currently has an average rating of “Hold” and an average target price of $44.27.

Campbell’s Stock Up 1.6%

Shares of NASDAQ:CPB opened at $35.52 on Friday. 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 company has a fifty day simple moving average of $37.45 and a 200 day simple moving average of $40.14. The firm has a market cap of $10.59 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The Campbell’s Company has a 12-month low of $34.27 and a 12-month high of $52.81.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates 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. On average, 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, August 4th. Shareholders of record on Thursday, July 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Thursday, July 3rd. Campbell’s’s dividend payout ratio is presently 90.17%.

Insiders Place Their Bets

In other Campbell’s news, EVP Charles A. Brawley III sold 2,498 shares of Campbell’s stock in a transaction 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 transaction, the executive vice president now owns 37,590 shares of the company’s stock, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 20.19% of the stock is currently owned by corporate 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.