Vontobel Holding Ltd. Decreases Stake in The Campbell’s Company (NASDAQ:CPB)

Vontobel Holding Ltd. lessened its stake in The Campbell’s Company (NASDAQ:CPB) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,612 shares of the company’s stock after selling 1,553 shares during the quarter. Vontobel Holding Ltd.’s holdings in Campbell’s were worth $663,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CPB. Jones Financial Companies Lllp increased its stake in shares of Campbell’s by 18.1% in the fourth quarter. Jones Financial Companies Lllp now owns 20,789 shares of the company’s stock valued at $871,000 after purchasing an additional 3,190 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Campbell’s by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company’s stock worth $74,860,000 after purchasing an additional 21,849 shares during the period. Assetmark Inc. grew its holdings in shares of Campbell’s by 111.7% during the 4th quarter. Assetmark Inc. now owns 3,851 shares of the company’s stock valued at $161,000 after acquiring an additional 2,032 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Campbell’s during the 4th quarter valued at $1,664,000. Finally, Arizona State Retirement System lifted its stake in shares of Campbell’s by 1.0% in the 4th quarter. Arizona State Retirement System now owns 56,171 shares of the company’s stock valued at $2,352,000 after purchasing an additional 573 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 research analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Campbell’s from $40.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 3rd. UBS Group initiated coverage on shares of Campbell’s in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $36.00 price target for the company. DA Davidson dropped their price objective on shares of Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, June 9th. Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell’s in a report on Monday, March 17th. Finally, Bank of America decreased their price target on shares of Campbell’s from $37.00 to $33.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.11.

Campbell’s Stock Performance

NASDAQ CPB opened at $31.18 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $9.30 billion, a P/E ratio of 20.65, a P/E/G ratio of 9.12 and a beta of 0.08. The Campbell’s Company has a 12-month low of $30.47 and a 12-month high of $52.81. The firm has a 50-day moving average price of $33.78 and a two-hundred day moving average price of $37.27.

Campbell’s (NASDAQ:CPB) last issued its earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Campbell’s had a net margin of 4.44% and a return on equity of 23.22%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. Analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Thursday, July 3rd. Campbell’s’s payout ratio is currently 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.