Gamco Investors INC. ET AL increased its holdings in shares of The Campbell’s Company (NASDAQ:CPB – Free Report) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 711,779 shares of the company’s stock after buying an additional 68,409 shares during the period. Gamco Investors INC. ET AL owned about 0.24% of Campbell’s worth $15,851,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Campbell’s by 1.3% in the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after acquiring an additional 149,679 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Campbell’s by 23.3% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after acquiring an additional 1,933,814 shares during the period. Invesco Ltd. raised its stake in shares of Campbell’s by 21.6% in the fourth quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock valued at $270,880,000 after acquiring an additional 1,723,676 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Campbell’s by 534.8% in the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after acquiring an additional 4,159,398 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Campbell’s by 175.7% in the third quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock valued at $117,823,000 after purchasing an additional 2,377,488 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.
Campbell’s Stock Performance
Shares of CPB stock opened at $21.84 on Friday. The company has a market cap of $6.51 billion, a P/E ratio of 10.81 and a beta of 0.02. The firm has a fifty day moving average price of $21.72 and a 200 day moving average price of $23.26. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53. The Campbell’s Company has a 12 month low of $19.56 and a 12 month high of $34.17.
Campbell’s Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s dividend payout ratio (DPR) is 77.23%.
Analyst Upgrades and Downgrades
Several research firms recently commented on CPB. Sanford C. Bernstein reissued an “underperform” rating and set a $19.00 target price (down from $21.00) on shares of Campbell’s in a research note on Tuesday, June 9th. Stifel Nicolaus increased their price target on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Bank of America lowered their price objective on Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Tuesday, June 9th. Finally, BNP Paribas Exane cut their target price on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Twelve equities research analysts have rated the stock with a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $22.00.
Check Out Our Latest Report on CPB
Campbell’s Company Profile
Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.
The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.
Featured Articles
- Five stocks we like better than Campbell’s
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Campbell’s Company (NASDAQ:CPB – Free Report).
Receive News & Ratings for Campbell's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell's and related companies with MarketBeat.com's FREE daily email newsletter.
