Czech National Bank Boosts Stock Holdings in The Campbell’s Company (NASDAQ:CPB)

Czech National Bank grew its position in shares of The Campbell’s Company (NASDAQ:CPB) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,161 shares of the company’s stock after purchasing an additional 2,571 shares during the quarter. Czech National Bank’s holdings in Campbell’s were worth $1,803,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CPB. Sherman Asset Management Inc. acquired a new stake in Campbell’s in the 4th quarter valued at $36,000. Principal Securities Inc. grew its stake 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 acquiring an additional 290 shares during the period. Kentucky Trust Co acquired a new stake in Campbell’s in the 4th quarter valued at $42,000. Quent Capital LLC grew its stake in Campbell’s by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Campbell’s in the 4th quarter valued at $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Campbell’s from $43.00 to $39.00 and set a “hold” rating on the stock in a research note on Wednesday, May 21st. Wells Fargo & Company dropped their price target on shares of Campbell’s from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, May 30th. Jefferies Financial Group dropped their price target on shares of Campbell’s from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, May 21st. Royal Bank of Canada lowered their target price on shares of Campbell’s from $44.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Finally, Citigroup lowered their target price on shares of Campbell’s from $33.00 to $32.00 and set a “sell” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Campbell’s has a consensus rating of “Hold” and an average price target of $40.39.

Insider Activity at Campbell’s

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is owned by insiders.

Campbell’s Stock Up 0.1%

NASDAQ CPB opened at $34.28 on Thursday. The Campbell’s Company has a 52 week low of $32.95 and a 52 week high of $52.81. 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 business’s fifty day simple moving average is $36.31 and its 200-day simple moving average is $39.14. The firm has a market cap of $10.22 billion, a PE ratio of 18.73, a P/E/G ratio of 2.71 and a beta of 0.14.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell’s had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 4.55%. Campbell’s’s dividend payout ratio (DPR) is currently 90.17%.

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.