The Campbell’s Company (NASDAQ:CPB) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of The Campbell’s Company (NASDAQ:CPB) by 107.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,028 shares of the company’s stock after acquiring an additional 8,318 shares during the period. Tower Research Capital LLC TRC’s holdings in Campbell’s were worth $671,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Campbell’s by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock valued at $989,440,000 after buying an additional 447,203 shares in the last quarter. Van ECK Associates Corp raised its stake in Campbell’s by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after purchasing an additional 531,281 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its holdings in Campbell’s by 0.5% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company’s stock valued at $290,034,000 after purchasing an additional 35,160 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Campbell’s by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company’s stock worth $222,420,000 after purchasing an additional 57,717 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Campbell’s by 38.2% during the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock worth $194,556,000 after buying an additional 1,282,957 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value 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 approximately $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 20.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPB. JPMorgan Chase & Co. lowered shares of Campbell’s from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Jefferies Financial Group lowered their price objective on Campbell’s from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Consumer Edge reiterated an “equal weight” rating on shares of Campbell’s in a research report on Monday, March 17th. Citigroup lowered their price target on Campbell’s from $39.00 to $37.00 and set a “sell” rating for the company in a report on Thursday, March 6th. Finally, BNP Paribas upgraded shares of Campbell’s to a “strong sell” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.27.

Campbell’s Stock Down 1.2 %

Shares of Campbell’s stock opened at $36.29 on Monday. The company has a fifty day moving average price of $38.90 and a 200 day moving average price of $41.30. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The Campbell’s Company has a twelve month low of $35.85 and a twelve month high of $52.81. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $2.69 billion during 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%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.30%. Campbell’s’s payout ratio is currently 90.17%.

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.