The Campbell’s Company $CPB Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in The Campbell’s Company (NASDAQ:CPB) by 21.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,061,611 shares of the company’s stock after purchasing an additional 183,976 shares during the period. Gamco Investors INC. ET AL’s holdings in Campbell’s were worth $32,538,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Campbell’s during the second quarter worth approximately $1,154,000. Rockefeller Capital Management L.P. acquired a new stake in Campbell’s during the 2nd quarter worth $403,000. Catalyst Funds Management Pty Ltd purchased a new position in Campbell’s during the 2nd quarter worth $264,000. Rhumbline Advisers increased its stake in Campbell’s by 12.4% in the second quarter. Rhumbline Advisers now owns 521,485 shares of the company’s stock valued at $15,983,000 after purchasing an additional 57,700 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Campbell’s by 148.8% in the second quarter. GAMMA Investing LLC now owns 20,063 shares of the company’s stock valued at $615,000 after buying an additional 11,999 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Up 0.8%

Campbell’s stock opened at $29.60 on Friday. The stock’s 50 day moving average price is $30.68 and its 200 day moving average price is $31.90. The Campbell’s Company has a 1-year low of $29.15 and a 1-year high of $43.85. The company has a market cap of $8.81 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 10.32 and a beta of -0.05. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28.

Campbell’s (NASDAQ:CPB) last released its earnings results on Wednesday, September 3rd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company earned $3.08 earnings per share. Campbell’s’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be paid a $0.39 dividend. The ex-dividend date is Thursday, January 8th. This represents a $1.56 annualized dividend and a dividend yield of 5.3%. Campbell’s’s dividend payout ratio (DPR) is 78.00%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CPB. DA Davidson set a $30.00 price target on Campbell’s in a report on Monday, November 17th. Sanford C. Bernstein boosted their target price on Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Morgan Stanley cut their price target on Campbell’s from $33.00 to $30.00 and set an “equal weight” rating for the company in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Campbell’s in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $34.29.

Campbell’s 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.