Gotham Asset Management LLC Purchases 10,062 Shares of The Campbell’s Company (NASDAQ:CPB)

Gotham Asset Management LLC grew its position in The Campbell’s Company (NASDAQ:CPB) by 177.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,728 shares of the company’s stock after acquiring an additional 10,062 shares during the quarter. Gotham Asset Management LLC’s holdings in Campbell’s were worth $659,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CPB. Ballentine Partners LLC grew its holdings in shares of Campbell’s by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock valued at $404,000 after purchasing an additional 262 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Campbell’s by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares in the last quarter. SPC Financial Inc. increased its holdings in shares of Campbell’s by 2.3% in the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock worth $569,000 after buying an additional 300 shares during the last quarter. Ascent Wealth Partners LLC increased its holdings in shares of Campbell’s by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock worth $845,000 after buying an additional 306 shares during the last quarter. Finally, DoubleLine ETF Adviser LP raised its position in shares of Campbell’s by 2.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company’s stock valued at $487,000 after buying an additional 312 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPB has been the subject of several recent research reports. Jefferies Financial Group dropped their price target on Campbell’s from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. UBS Group started coverage on Campbell’s in a research report on Wednesday, April 23rd. They set a “sell” rating and a $36.00 target price on the stock. Morgan Stanley started coverage on Campbell’s in a report on Monday, March 24th. They set an “equal weight” rating and a $40.00 price target on the stock. Bank of America dropped their price objective on shares of Campbell’s from $45.00 to $41.00 and set an “underperform” rating for the company in a research note on Thursday, March 6th. Finally, Wells Fargo & Company reduced their target price on shares of Campbell’s from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.27.

Campbell’s Price Performance

Campbell’s stock opened at $35.52 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The firm has a 50-day moving average of $37.45 and a two-hundred day moving average of $40.05. The Campbell’s Company has a 1 year low of $34.27 and a 1 year high of $52.81.

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

Campbell’s Announces Dividend

The company 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 is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.39%. Campbell’s’s payout ratio is currently 90.17%.

Insider Buying and Selling

In other Campbell’s news, EVP Charles A. Brawley III sold 2,498 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares in the company, valued at $1,504,727.70. This represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 20.19% of the stock is owned by insiders.

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.