Hsbc Holdings PLC Raises Position in The Campbell’s Company $CPB

Hsbc Holdings PLC lifted its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 449,543 shares of the company’s stock after purchasing an additional 28,309 shares during the quarter. Hsbc Holdings PLC owned about 0.15% of Campbell’s worth $13,770,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. New England Asset Management Inc. boosted its stake in Campbell’s by 0.6% in the 1st quarter. New England Asset Management Inc. now owns 64,690 shares of the company’s stock worth $2,582,000 after buying an additional 370 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Campbell’s by 1.9% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 19,920 shares of the company’s stock valued at $611,000 after acquiring an additional 375 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Campbell’s by 22.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company’s stock worth $64,000 after acquiring an additional 384 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Campbell’s by 66.8% in the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock worth $29,000 after acquiring an additional 385 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in Campbell’s by 77.3% in the second quarter. ORG Partners LLC now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 395 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CPB. Cowen reaffirmed a “hold” rating on shares of Campbell’s in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Campbell’s in a report on Wednesday, October 8th. DA Davidson set a $30.00 price target on Campbell’s in a research report on Monday, November 17th. Sanford C. Bernstein raised their price objective on Campbell’s from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, Wells Fargo & Company lifted their price objective on Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $34.59.

Campbell’s Stock Down 2.3%

Shares of NASDAQ CPB opened at $29.89 on Wednesday. The stock has a fifty day moving average price of $30.87 and a 200 day moving average price of $32.00. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $46.18. The company has a market cap of $8.90 billion, a P/E ratio of 14.95, a P/E/G ratio of 10.63 and a beta of -0.05.

Campbell’s (NASDAQ:CPB) last issued its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.08 earnings per share. Research analysts anticipate that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 8th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Thursday, January 8th. Campbell’s’s dividend payout ratio is currently 78.00%.

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.