CoreCap Advisors LLC Acquires 2,303 Shares of The Campbell’s Company (NASDAQ:CPB)

CoreCap Advisors LLC grew its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 16.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,907 shares of the company’s stock after buying an additional 2,303 shares during the period. CoreCap Advisors LLC’s holdings in Campbell’s were worth $666,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CPB. Sherman Asset Management Inc. acquired a new stake in Campbell’s in the fourth quarter worth $36,000. Principal Securities Inc. increased its position in Campbell’s by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after buying an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new position in Campbell’s during the 4th quarter worth approximately $42,000. Quent Capital LLC boosted its holdings in Campbell’s by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Campbell’s in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Stock Down 0.8 %

CPB opened at $35.31 on Friday. The company’s 50-day moving average price is $37.98 and its two-hundred day moving average price is $40.55. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell’s Company has a twelve month low of $35.09 and a twelve month high of $52.81. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.71 and a beta of 0.14.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell’s had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts expect that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd were paid a $0.39 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.42%. Campbell’s’s payout ratio is 90.17%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CPB shares. UBS Group started 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. Jefferies Financial Group reduced their price objective on shares of Campbell’s from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. DA Davidson dropped their price target on shares of Campbell’s from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Consumer Edge reissued an “equal weight” rating on shares of Campbell’s in a report on Monday, March 17th. Finally, Stifel Nicolaus dropped their target price on Campbell’s from $47.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.27.

Insider Activity

In other news, EVP Charles A. Brawley III sold 2,498 shares of Campbell’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now directly owns 37,590 shares in the company, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.19% of the company’s stock.

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.