Hussman Strategic Advisors Inc. trimmed its stake in shares of The Campbell’s Company (NASDAQ:CPB – Free Report) by 37.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,000 shares of the company’s stock after selling 63,000 shares during the period. Campbell’s comprises 0.7% of Hussman Strategic Advisors Inc.’s holdings, making the stock its 29th largest position. Hussman Strategic Advisors Inc.’s holdings in Campbell’s were worth $2,926,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hillman Capital Management Inc. raised its position in shares of Campbell’s by 83.7% in the third quarter. Hillman Capital Management Inc. now owns 173,034 shares of the company’s stock valued at $5,464,000 after buying an additional 78,824 shares during the last quarter. Berkshire Asset Management LLC PA acquired a new stake in shares of Campbell’s in the third quarter valued at about $1,270,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Campbell’s in the fourth quarter valued at about $1,596,000. Natixis Advisors LLC acquired a new stake in shares of Campbell’s in the third quarter valued at about $12,992,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Campbell’s in the third quarter valued at about $77,940,000. 52.35% of the stock is owned by institutional investors and hedge funds.
Campbell’s Trading Down 0.3%
NASDAQ CPB opened at $20.73 on Friday. The firm has a 50 day simple moving average of $22.46 and a 200-day simple moving average of $26.68. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.51 and a current ratio of 1.01. The Campbell’s Company has a one year low of $19.76 and a one year high of $36.26. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 11.33 and a beta of 0.01.
Campbell’s Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 7.5%. Campbell’s’s dividend payout ratio (DPR) is presently 85.25%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on CPB shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company cut shares of Campbell’s from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $20.00 to $18.00 in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Campbell’s in a research report on Thursday, April 2nd. Bank of America reduced their target price on shares of Campbell’s from $26.00 to $23.00 and set an “underperform” rating for the company in a research report on Thursday, March 12th. Finally, BNP Paribas Exane cut their price objective on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, Campbell’s presently has a consensus rating of “Reduce” and an average target price of $26.06.
Get Our Latest Research Report on CPB
About Campbell’s
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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