Comerica Bank Sells 1,458 Shares of The Campbell’s Company (NASDAQ:CPB)

Comerica Bank lowered its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,645 shares of the company’s stock after selling 1,458 shares during the quarter. Comerica Bank’s holdings in Campbell’s were worth $1,242,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sherman Asset Management Inc. purchased a new position in shares of Campbell’s during the 4th quarter valued at $36,000. Principal Securities Inc. raised its holdings in shares of Campbell’s by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of Campbell’s in the 4th quarter valued at about $42,000. Quent Capital LLC raised its holdings in shares of Campbell’s by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Campbell’s in the 4th quarter valued at about $47,000. Institutional investors own 52.35% of the company’s stock.

Campbell’s Price Performance

CPB opened at $35.31 on Monday. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.71 and a beta of 0.14. The Campbell’s Company has a 1 year low of $35.09 and a 1 year high of $52.81. The stock’s 50 day simple moving average is $37.98 and its 200 day simple moving average is $40.46. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell’s had a return on equity of 23.79% and a net margin of 5.57%. Campbell’s’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd were given a $0.39 dividend. 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 is currently 90.17%.

Insider Transactions at Campbell’s

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell’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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Analyst Upgrades and Downgrades

CPB has been the topic of several recent research reports. DA Davidson reduced their price objective on Campbell’s from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. BNP Paribas upgraded Campbell’s to a “strong sell” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered Campbell’s from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Stifel Nicolaus reduced their price objective on Campbell’s from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company reduced their price objective on Campbell’s from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report 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 stock. According to data from MarketBeat.com, Campbell’s currently has a consensus rating of “Hold” and a consensus price target 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.