The Campbell’s Company (NASDAQ:CPB) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its position in shares of The Campbell’s Company (NASDAQ:CPB) by 77.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,934 shares of the company’s stock after selling 44,435 shares during the period. Centiva Capital LP’s holdings in Campbell’s were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPB. Sherman Asset Management Inc. acquired a new stake in Campbell’s in the 4th quarter valued at about $36,000. Principal Securities Inc. increased its stake in shares of Campbell’s by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares during the period. Kentucky Trust Co acquired a new stake in Campbell’s in the fourth quarter valued at approximately $42,000. Quent Capital LLC lifted its stake in Campbell’s by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after acquiring an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Campbell’s during the 4th quarter worth approximately $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Stock Performance

Shares of CPB stock opened at $35.31 on Friday. The Campbell’s Company has a 52-week low of $35.09 and a 52-week high of $52.81. The stock’s 50-day moving average price is $37.98 and its 200 day moving average price is $40.55. 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 stock has a market capitalization of $10.53 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping 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 business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.42%. Campbell’s’s dividend payout ratio (DPR) is 90.17%.

Insider Buying and Selling

In other Campbell’s news, EVP Charles A. Brawley III sold 2,498 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup decreased their price objective on shares of Campbell’s from $39.00 to $37.00 and set a “sell” rating for the company in a research report on Thursday, March 6th. BNP Paribas raised Campbell’s to a “strong sell” rating in a research report on Wednesday, February 26th. Jefferies Financial Group cut their target price 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 reaffirmed an “equal weight” rating on shares of Campbell’s in a report on Monday, March 17th. Finally, Wells Fargo & Company cut their price objective on shares of Campbell’s from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.27.

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.