Koss Olinger Consulting LLC trimmed its holdings in shares of The Campbell’s Company (NASDAQ:CPB – Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,692 shares of the company’s stock after selling 1,488 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Campbell’s were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New England Asset Management Inc. grew its stake in Campbell’s by 0.6% during the 1st quarter. New England Asset Management Inc. now owns 64,690 shares of the company’s stock worth $2,582,000 after buying an additional 370 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Campbell’s by 22.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company’s stock worth $64,000 after buying an additional 384 shares during the last quarter. ORG Partners LLC grew its stake in Campbell’s by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock worth $29,000 after buying an additional 395 shares during the last quarter. Howe & Rusling Inc. grew its stake in Campbell’s by 3.5% during the 1st quarter. Howe & Rusling Inc. now owns 11,786 shares of the company’s stock worth $470,000 after buying an additional 400 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its stake in Campbell’s by 5.5% during the 1st quarter. Personal CFO Solutions LLC now owns 8,077 shares of the company’s stock worth $322,000 after buying an additional 421 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.
Campbell’s Stock Down 0.4%
NASDAQ:CPB opened at $30.93 on Monday. The Campbell’s Company has a 1-year low of $29.39 and a 1-year high of $48.25. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The firm has a market capitalization of $9.21 billion, a P/E ratio of 15.47, a PEG ratio of 10.75 and a beta of 0.02. The company’s fifty day moving average price is $32.10 and its 200-day moving average price is $33.14.
Campbell’s Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be paid a $0.39 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.0%. Campbell’s’s dividend payout ratio is presently 78.00%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Zacks Research upgraded Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Barclays lowered their price target on Campbell’s from $35.00 to $30.00 and set an “underweight” rating for the company in a research report on Monday, July 14th. Cowen reaffirmed a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. TD Cowen lifted their price target on Campbell’s from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Campbell’s in a research report on Friday. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $34.82.
Read Our Latest Research Report on CPB
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.
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