BNP Paribas Financial Markets Has $16.75 Million Position in The Campbell’s Company (NASDAQ:CPB)

BNP Paribas Financial Markets increased its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,899 shares of the company’s stock after purchasing an additional 67,044 shares during the quarter. BNP Paribas Financial Markets’ holdings in Campbell’s were worth $16,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPB. Alethea Capital Management LLC bought a new position in shares of Campbell’s in the 4th quarter valued at $369,000. DoubleLine ETF Adviser LP boosted its stake in shares of Campbell’s by 2.8% during the fourth quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company’s stock valued at $487,000 after purchasing an additional 312 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Campbell’s by 184.2% during the fourth quarter. Aquatic Capital Management LLC now owns 314,922 shares of the company’s stock worth $13,189,000 after purchasing an additional 204,122 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Campbell’s by 10.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,338 shares of the company’s stock valued at $307,000 after buying an additional 687 shares during the period. Finally, Syon Capital LLC bought a new position in Campbell’s in the 4th quarter valued at approximately $310,000. Institutional investors own 52.35% of the company’s stock.

Insider Buying and Selling at Campbell’s

In other news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 37,590 shares of the company’s stock, valued at $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 20.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CPB shares. DA Davidson decreased their price target on shares of Campbell’s from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. downgraded Campbell’s from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $37.00 in a report on Thursday, March 6th. Morgan Stanley started coverage on Campbell’s in a research report on Monday, March 24th. They issued an “equal weight” rating and a $40.00 price target on the stock. Citigroup decreased their price target on Campbell’s from $39.00 to $37.00 and set a “sell” rating for the company in a research note on Thursday, March 6th. Finally, Jefferies Financial Group reduced their target price on Campbell’s from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $44.27.

Campbell’s Price Performance

CPB stock opened at $35.31 on Friday. The Campbell’s Company has a 1 year low of $35.09 and a 1 year high of $52.81. The stock has a market capitalization of $10.53 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The company’s 50-day moving average is $37.98 and its 200-day moving average is $40.55. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Campbell’s had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts expect that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Dividend Announcement

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

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.