iSAM Funds UK Ltd acquired a new stake in The Campbell’s Company (NASDAQ:CPB – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 135,466 shares of the company’s stock, valued at approximately $4,152,000. Campbell’s makes up approximately 0.9% of iSAM Funds UK Ltd’s portfolio, making the stock its 11th biggest holding.
A number of other large investors also recently modified their holdings of CPB. Ameritas Advisory Services LLC acquired a new stake in shares of Campbell’s in the second quarter valued at approximately $25,000. ORG Partners LLC lifted its holdings 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 in the last quarter. SBI Securities Co. Ltd. boosted its position in Campbell’s by 66.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock valued at $29,000 after buying an additional 385 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Campbell’s by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after buying an additional 750 shares during the period. Finally, Country Trust Bank bought a new stake in shares of Campbell’s during the second quarter worth $46,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.
Campbell’s Price Performance
CPB opened at $30.04 on Tuesday. The stock has a market cap of $8.94 billion, a P/E ratio of 15.02, a P/E/G ratio of 10.32 and a beta of -0.05. The Campbell’s Company has a 12 month low of $29.15 and a 12 month high of $43.85. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The company has a fifty day simple moving average of $30.66 and a 200 day simple moving average of $31.85.
Campbell’s Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, January 8th. Campbell’s’s dividend payout ratio is presently 78.00%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on CPB shares. JPMorgan Chase & Co. assumed coverage on Campbell’s in a report on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 price target on the stock. TD Cowen upped their target price on shares of Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, September 4th. Wells Fargo & Company lifted their price target on shares of Campbell’s from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 25th. Morgan Stanley dropped their price target on shares of Campbell’s from $33.00 to $30.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Cowen restated a “hold” rating on shares of Campbell’s in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $34.00.
Read Our Latest Analysis on CPB
About Campbell’s
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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