Mariner LLC Lowers Stake in The Campbell’s Company (NASDAQ:CPB)

Mariner LLC trimmed its position in shares of The Campbell’s Company (NASDAQ:CPB) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,488 shares of the company’s stock after selling 23,558 shares during the period. Mariner LLC’s holdings in Campbell’s were worth $1,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Passumpsic Savings Bank purchased a new stake in Campbell’s during the 3rd quarter worth approximately $221,000. Morse Asset Management Inc purchased a new stake in shares of Campbell’s during the third quarter worth $183,000. Sanctuary Advisors LLC purchased a new stake in shares of Campbell’s during the third quarter worth $240,000. Wilmington Savings Fund Society FSB purchased a new position in Campbell’s in the third quarter valued at $216,000. Finally, Tidal Investments LLC grew its stake in Campbell’s by 304.4% during the 3rd quarter. Tidal Investments LLC now owns 26,927 shares of the company’s stock worth $1,317,000 after purchasing an additional 20,268 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction of $99,994.94. Following the transaction, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CPB shares. Jefferies Financial Group reduced their price target on Campbell’s from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Consumer Edge reiterated an “equal weight” rating on shares of Campbell’s in a research note on Monday, March 17th. Bank of America dropped their price objective on shares of Campbell’s from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company lowered their target price on shares of Campbell’s from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Finally, DA Davidson cut their price target on Campbell’s from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.27.

Campbell’s Trading Down 2.1 %

NASDAQ CPB opened at $36.72 on Friday. The Campbell’s Company has a one year low of $36.02 and a one year high of $52.81. The firm has a market cap of $10.95 billion, a PE ratio of 20.07, a P/E/G ratio of 2.71 and a beta of 0.19. The firm’s fifty day moving average is $38.97 and its two-hundred day moving average is $41.54. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS 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 firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts expect 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, April 28th. Investors of record on Thursday, April 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.25%. Campbell’s’s dividend payout ratio (DPR) is 90.17%.

Campbell’s 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.