The Campbell’s Company to Issue Quarterly Dividend of $0.25 (NASDAQ:CPB)

The Campbell’s Company (NASDAQ:CPB) announced a quarterly dividend on Thursday, September 3rd. Investors of record on Thursday, October 1st will be paid a dividend of 0.25 per share on Monday, November 2nd. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, October 1st.

Campbell’s has raised its dividend by an average of 0.0%per year over the last three years.

Campbell’s Stock Down 6.9%

CPB traded down $1.65 during trading on Thursday, reaching $22.13. The stock had a trading volume of 37,435,197 shares, compared to its average volume of 8,280,191. The stock’s 50 day moving average is $22.76 and its two-hundred day moving average is $22.41. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 2.41 and a beta of 0.03. Campbell’s has a one year low of $19.56 and a one year high of $34.17.

Campbell’s (NASDAQ:CPB) last announced its earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $2.14 billion for the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. As a group, analysts expect that Campbell’s will post 2.18 earnings per share for the current year.

Institutional Trading of Campbell’s

Large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in shares of Campbell’s by 2,093.8% during the 2nd quarter. California State Teachers Retirement System now owns 4,981,665 shares of the company’s stock worth $110,942,000 after acquiring an additional 4,754,582 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Campbell’s by 534.8% during the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after buying an additional 4,159,398 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Campbell’s during the second quarter worth $79,090,000. Brandywine Managers LLC purchased a new position in Campbell’s in the 4th quarter worth about $92,793,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Campbell’s during the first quarter worth approximately $61,261,000. Institutional investors own 52.35% of the company’s stock.

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.