The Campbell’s Company (NASDAQ:CPB) Shares Sold by Mather Group LLC.

by · The Cerbat Gem

Mather Group LLC. reduced its stake in The Campbell’s Company (NASDAQ:CPB – Free Report) by 44.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,565 shares of the company’s stock after selling 2,805 shares during the period. Mather Group LLC.’s holdings in Campbell’s were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPB. Proficio Capital Partners LLC bought a new stake in shares of Campbell’s during the fourth quarter valued at approximately $1,664,000. Jones Financial Companies Lllp raised its holdings in shares of Campbell’s by 18.1% during the fourth quarter. Jones Financial Companies Lllp now owns 20,789 shares of the company’s stock valued at $871,000 after buying an additional 3,190 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Campbell’s by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company’s stock valued at $74,860,000 after buying an additional 21,849 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Campbell’s by 111.7% during the fourth quarter. Assetmark Inc. now owns 3,851 shares of the company’s stock valued at $161,000 after buying an additional 2,032 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Campbell’s by 1.0% during the fourth quarter. Arizona State Retirement System now owns 56,171 shares of the company’s stock valued at $2,352,000 after buying an additional 573 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Trading Down 2.4%

NASDAQ CPB opened at $31.18 on Friday. The Campbell’s Company has a twelve month low of $30.47 and a twelve month high of $52.81. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 9.12 and a beta of 0.08. The firm’s 50 day moving average price is $33.78 and its two-hundred day moving average price is $37.33.

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

Campbell’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be issued 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 of this dividend is Thursday, July 3rd. Campbell’s’s dividend payout ratio is currently 103.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Evercore ISI dropped their target price on Campbell’s from $46.00 to $41.00 and set an “in-line” rating on the stock in a report on Thursday, May 29th. Barclays dropped their target price on Campbell’s from $40.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, June 3rd. Jefferies Financial Group dropped their target price on Campbell’s from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. Morgan Stanley dropped their target price 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. Finally, Citigroup dropped their target price on Campbell’s from $33.00 to $32.00 and set a “sell” rating on the stock in a report on Tuesday, June 3rd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Campbell’s has an average rating of “Hold” and an average target price of $40.11.

Check Out Our Latest Report on Campbell’s

Campbell’s Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Campbell’s Company (NASDAQ:CPB – Free Report).