Nuveen Asset Management LLC Has $76.34 Million Position in The Campbell’s Company (NASDAQ:CPB)

Nuveen Asset Management LLC lifted its stake in The Campbell’s Company (NASDAQ:CPB) by 46.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,822,900 shares of the company’s stock after purchasing an additional 579,308 shares during the period. Nuveen Asset Management LLC owned 0.61% of Campbell’s worth $76,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sherman Asset Management Inc. acquired a new stake in Campbell’s during the 4th quarter worth $36,000. Principal Securities Inc. grew its holdings in Campbell’s by 45.5% during 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 acquired a new stake in Campbell’s during the 4th quarter worth $42,000. Quent Capital LLC grew its holdings in Campbell’s by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after acquiring an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Campbell’s during the 4th quarter worth $47,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Activity at Campbell’s

In related news, EVP Charles A. Brawley III sold 2,498 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. This represents a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on CPB. Citigroup lowered their price objective on shares of 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. cut shares of Campbell’s from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. DA Davidson lowered their price objective on shares of Campbell’s from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. BNP Paribas upgraded shares of Campbell’s to a “strong sell” rating in a research report on Wednesday, February 26th. Finally, Bank of America lowered their price objective on shares of Campbell’s from $45.00 to $41.00 and set an “underperform” rating for the company in a research 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 given a buy rating to the company’s stock. According to MarketBeat, Campbell’s has a consensus rating of “Hold” and a consensus target price of $44.27.

Campbell’s Stock Up 1.6%

Campbell’s stock opened at $35.52 on Friday. The firm has a market capitalization of $10.59 billion, a PE ratio of 19.41, a P/E/G ratio of 2.71 and a beta of 0.14. The company’s 50-day moving average is $37.45 and its 200-day moving average is $40.09. The Campbell’s Company has a fifty-two week low of $34.27 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data 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 analyst estimates of $2.74 billion. Campbell’s had a net margin of 5.57% and a return on equity of 23.79%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.39%. Campbell’s’s dividend payout ratio (DPR) is currently 90.17%.

Campbell’s Company 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.