Centiva Capital LP Lowers Holdings in The Campbell’s Company (NASDAQ:CPB)

Centiva Capital LP lessened its stake in The Campbell’s Company (NASDAQ:CPB) by 77.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,934 shares of the company’s stock after selling 44,435 shares during the quarter. Centiva Capital LP’s holdings in Campbell’s were worth $542,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sherman Asset Management Inc. purchased a new stake in Campbell’s in the 4th quarter worth approximately $36,000. Principal Securities Inc. boosted its holdings in Campbell’s by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares in the last quarter. Kentucky Trust Co purchased a new stake in Campbell’s during the fourth quarter worth $42,000. Quent Capital LLC increased its holdings in Campbell’s by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Campbell’s in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CPB shares. Consumer Edge restated an “equal weight” rating on shares of Campbell’s in a research report on Monday, March 17th. DA Davidson cut their price objective on Campbell’s from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lowered Campbell’s from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Wells Fargo & Company cut their price target on shares of Campbell’s from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Campbell’s from $47.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Five equities 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.27.

Insider Activity at Campbell’s

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business’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 sale, the executive vice president now directly owns 37,590 shares in the company, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is currently owned by insiders.

Campbell’s Stock Performance

Shares of Campbell’s stock opened at $35.31 on Friday. The business’s 50 day moving average price is $37.98 and its 200 day moving average price is $40.55. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.71 and a beta of 0.14. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell’s Company has a one year low of $35.09 and a one year high of $52.81.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating 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 firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The company’s revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.42%. The ex-dividend date was Thursday, April 3rd. Campbell’s’s payout ratio is presently 90.17%.

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.