Nordea Investment Management AB decreased its holdings in shares of The Campbell’s Company (NASDAQ:CPB – Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,058 shares of the company’s stock after selling 4,425 shares during the period. Nordea Investment Management AB owned 0.13% of Campbell’s worth $11,932,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. World Investment Advisors acquired a new position in Campbell’s in the first quarter valued at approximately $410,000. Teacher Retirement System of Texas bought a new stake in shares of Campbell’s in the 1st quarter valued at $1,131,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Campbell’s by 24.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company’s stock valued at $534,000 after acquiring an additional 2,614 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Campbell’s by 13.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company’s stock valued at $1,027,000 after acquiring an additional 3,010 shares during the period. Finally, KBC Group NV boosted its stake in Campbell’s by 182.0% during the first quarter. KBC Group NV now owns 498,216 shares of the company’s stock worth $19,889,000 after acquiring an additional 321,520 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.
Campbell’s Stock Up 0.5%
Shares of NASDAQ:CPB opened at $30.86 on Monday. The business’s 50 day moving average is $32.23 and its 200 day moving average is $33.37. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $48.68. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 10.72 and a beta of 0.02. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56.
Campbell’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Campbell’s’s dividend payout ratio is presently 78.00%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on CPB shares. Morgan Stanley lifted their price target on shares of Campbell’s from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Cowen restated a “hold” rating on shares of Campbell’s in a research note on Thursday, September 4th. Wells Fargo & Company boosted their target price on Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, September 25th. Bank of America upped their price target on Campbell’s from $29.00 to $30.00 and gave the stock an “underperform” rating in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein raised their price objective on Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $34.82.
Get Our Latest Stock 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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