Nuveen Asset Management LLC Has $76.34 Million Holdings in The Campbell’s Company (NASDAQ:CPB)

Nuveen Asset Management LLC grew its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 46.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,822,900 shares of the company’s stock after purchasing an additional 579,308 shares during the period. Nuveen Asset Management LLC’s holdings in Campbell’s were worth $76,343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. OMERS ADMINISTRATION Corp grew its position in shares of Campbell’s by 20.0% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,162 shares of the company’s stock worth $342,000 after purchasing an additional 1,361 shares in the last quarter. MJP Associates Inc. ADV bought a new stake in shares of Campbell’s during the 4th quarter worth approximately $416,000. Gotham Asset Management LLC lifted its holdings in shares of Campbell’s by 177.6% during the 4th quarter. Gotham Asset Management LLC now owns 15,728 shares of the company’s stock worth $659,000 after acquiring an additional 10,062 shares during the period. Focus Partners Wealth bought a new stake in shares of Campbell’s during the 4th quarter worth approximately $538,000. Finally, Ethic Inc. lifted its holdings in shares of Campbell’s by 10.9% during the 4th quarter. Ethic Inc. now owns 67,240 shares of the company’s stock worth $2,816,000 after acquiring an additional 6,614 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Campbell’s in a report on Wednesday, April 23rd. They set a “sell” rating and a $36.00 price target for the company. Wells Fargo & Company cut their price target on shares of Campbell’s from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Royal Bank of Canada cut their price target on shares of Campbell’s from $51.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, March 6th. Morgan Stanley assumed coverage on shares of Campbell’s in a report on Monday, March 24th. They set an “equal weight” rating and a $40.00 price target for the company. Finally, Jefferies Financial Group cut their price target 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. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Campbell’s has an average rating of “Hold” and an average price target of $44.27.

Campbell’s Price Performance

CPB stock opened at $35.52 on Friday. The company has a fifty day moving average price of $37.45 and a 200-day moving average price of $40.09. The company has a market capitalization of $10.59 billion, a P/E ratio of 19.41, a PEG ratio of 2.71 and a beta of 0.14. The Campbell’s Company has a 52-week low of $34.27 and a 52-week high of $52.81. 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 released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell’s had a net margin of 5.57% and a return on equity of 23.79%. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts expect that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell’s’s payout ratio is currently 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.