Curat Global LLC Purchases Shares of 1,450 The Campbell’s Company (NASDAQ:CPB)

Curat Global LLC purchased a new stake in shares of The Campbell’s Company (NASDAQ:CPB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,450 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB lifted its stake in shares of Campbell’s by 161.8% in the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock valued at $7,801,000 after buying an additional 115,122 shares during the period. ING Groep NV bought a new stake in shares of Campbell’s in the fourth quarter valued at about $1,062,000. Hussman Strategic Advisors Inc. lifted its stake in shares of Campbell’s by 133.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock valued at $6,156,000 after buying an additional 84,000 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Campbell’s by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company’s stock valued at $74,860,000 after buying an additional 21,849 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Campbell’s by 56.9% in the fourth quarter. Deutsche Bank AG now owns 2,662,547 shares of the company’s stock valued at $111,507,000 after buying an additional 966,044 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Performance

NASDAQ CPB opened at $34.48 on Friday. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.71 and a beta of 0.14. The company has a 50 day moving average of $36.09 and a 200-day moving average of $39.01. 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 Campbell’s Company has a 1-year low of $32.95 and a 1-year high of $52.81.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell’s had a net margin of 5.57% and a return on equity of 23.79%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. On average, equities analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

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 issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Thursday, July 3rd. Campbell’s’s dividend payout ratio is currently 90.17%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Campbell’s from $44.00 to $38.00 and set a “sector perform” rating for the company in a research note on Tuesday. DA Davidson reduced their target price on shares of Campbell’s from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Morgan Stanley cut their price target on shares of Campbell’s from $40.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday. Citigroup cut their price target on shares of Campbell’s from $33.00 to $32.00 and set a “sell” rating for the company in a research note on Tuesday. Finally, BNP Paribas upgraded shares of Campbell’s to a “strong sell” rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.39.

Insider Activity 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 value of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares of the company’s stock, valued at $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 20.19% of the stock is currently owned by company insiders.

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.