6,360 Shares in The Campbell’s Company (NASDAQ:CPB) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in The Campbell’s Company (NASDAQ:CPB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,360 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Campbell’s by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock valued at $989,440,000 after acquiring an additional 447,203 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its holdings in Campbell’s by 0.5% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company’s stock valued at $290,034,000 after acquiring an additional 35,160 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Campbell’s by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company’s stock valued at $222,420,000 after acquiring an additional 57,717 shares during the last quarter. Brandywine Trust Co. lifted its holdings in Campbell’s by 1.8% in the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company’s stock valued at $203,871,000 after acquiring an additional 84,778 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Campbell’s by 38.2% in the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock valued at $194,556,000 after acquiring an additional 1,282,957 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group cut their price target on shares of Campbell’s from $40.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Campbell’s from $43.00 to $39.00 and set a “hold” rating for the company in a report on Wednesday, May 21st. Stifel Nicolaus cut their price target on shares of Campbell’s from $40.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, June 3rd. Wells Fargo & Company cut their price objective on Campbell’s from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, May 30th. Finally, Royal Bank Of Canada cut their price objective on Campbell’s from $44.00 to $38.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 3rd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.11.

Campbell’s Price Performance

Shares of CPB opened at $31.18 on Friday. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 9.32 and a beta of 0.08. The Campbell’s Company has a fifty-two week low of $30.47 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. The business’s 50-day moving average is $33.88 and its 200-day moving average is $37.41.

Campbell’s (NASDAQ:CPB) last issued its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. Equities research analysts expect 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 will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.00%. Campbell’s’s dividend payout ratio is 103.31%.

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.