Cwm LLC Has $339,000 Stock Position in The Campbell’s Company (NASDAQ:CPB)

Cwm LLC lifted its holdings in The Campbell’s Company (NASDAQ:CPB) by 66.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,503 shares of the company’s stock after acquiring an additional 3,393 shares during the quarter. Cwm LLC’s holdings in Campbell’s were worth $339,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CPB. Two Sigma Advisers LP grew its position in Campbell’s by 272.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock worth $93,949,000 after acquiring an additional 1,641,400 shares during the last quarter. Man Group plc grew its position in Campbell’s by 1,296.1% during the 4th quarter. Man Group plc now owns 1,407,161 shares of the company’s stock worth $58,932,000 after acquiring an additional 1,306,372 shares during the last quarter. Invesco Ltd. grew its position in Campbell’s by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock worth $194,556,000 after acquiring an additional 1,282,957 shares during the last quarter. Norges Bank bought a new stake in Campbell’s during the 4th quarter worth approximately $50,908,000. Finally, Raiffeisen Bank International AG bought a new stake in Campbell’s during the 4th quarter worth approximately $48,468,000. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CPB shares. Barclays decreased their price target on Campbell’s from $35.00 to $30.00 and set an “underweight” rating on the stock in a research report on Monday, July 14th. Citigroup reduced their price objective on Campbell’s from $33.00 to $32.00 and set a “sell” rating on the stock in a report on Tuesday, June 3rd. Morgan Stanley reduced their price objective on Campbell’s from $40.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 3rd. Bank of America reduced their price objective on Campbell’s from $37.00 to $33.00 and set an “underperform” rating on the stock in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company reduced their price objective on Campbell’s from $34.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 9th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Campbell’s currently has an average rating of “Hold” and a consensus target price of $39.33.

Campbell’s Price Performance

CPB opened at $32.66 on Friday. 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 Campbell’s Company has a 12 month low of $29.39 and a 12 month high of $52.81. The company has a fifty day simple moving average of $32.52 and a 200 day simple moving average of $36.28. The stock has a market cap of $9.74 billion, a P/E ratio of 21.63, a P/E/G ratio of 9.56 and a beta of 0.08.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. Campbell’s had a net margin of 4.44% and a return on equity of 23.22%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts expect that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell’s’s dividend payout ratio is currently 103.31%.

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.