Landscape Capital Management L.L.C. boosted its position in shares of The Campbell’s Company (NASDAQ:CPB – Free Report) by 51.3% in the fourth quarter, Holdings Channel reports. The firm owned 230,274 shares of the company’s stock after purchasing an additional 78,047 shares during the period. Landscape Capital Management L.L.C.’s holdings in Campbell’s were worth $6,418,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in Campbell’s by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock valued at $1,913,000 after purchasing an additional 376 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Campbell’s by 8.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $142,000 after purchasing an additional 380 shares during the period. New England Asset Management Inc. grew its holdings in Campbell’s by 0.6% during the third quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock valued at $2,064,000 after purchasing an additional 380 shares during the period. Horizon Investments LLC grew its holdings in Campbell’s by 10.2% during the fourth quarter. Horizon Investments LLC now owns 4,228 shares of the company’s stock valued at $116,000 after purchasing an additional 390 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Campbell’s by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 90,311 shares of the company’s stock valued at $2,517,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.
Campbell’s Stock Performance
Shares of CPB opened at $22.81 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.51 and a current ratio of 0.87. The Campbell’s Company has a twelve month low of $19.56 and a twelve month high of $34.17. The firm’s 50 day moving average price is $20.93 and its two-hundred day moving average price is $24.69. The firm has a market cap of $6.80 billion, a P/E ratio of 11.29 and a beta of 0.02.
Campbell’s Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s payout ratio is currently 77.23%.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $19.00 price target (down from $21.00) on shares of Campbell’s in a research note on Tuesday. Stifel Nicolaus cut their price target on shares of Campbell’s from $25.00 to $20.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. UBS Group cut their price target on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a research note on Tuesday. Finally, Stephens lowered shares of Campbell’s from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $28.00 to $21.00 in a research note on Monday, June 1st. Twelve equities research analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $21.88.
Get Our Latest Stock Report on Campbell’s
Campbell’s Company Profile
Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.
The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.
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