The Campbell’s Company (NASDAQ:CPB – Get Free Report) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.39 per share on Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Thursday, April 2nd.
Campbell’s has raised its dividend by an average of 0.0%per year over the last three years.
Campbell’s Trading Up 0.8%
Shares of NASDAQ CPB traded up $0.20 during midday trading on Thursday, hitting $26.69. The stock had a trading volume of 2,038,104 shares, compared to its average volume of 6,926,795. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.82 and a quick ratio of 0.34. Campbell’s has a fifty-two week low of $25.62 and a fifty-two week high of $43.85. The firm has a market cap of $7.96 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 9.58 and a beta of -0.04. The company’s 50-day simple moving average is $27.54 and its 200 day simple moving average is $29.99.
Insider Buying and Selling at Campbell’s
In other Campbell’s news, EVP Anthony Sanzio sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $26.51, for a total transaction of $71,577.00. Following the sale, the executive vice president directly owned 25,264 shares of the company’s stock, valued at $669,748.64. The trade was a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Charles A. Brawley III sold 11,550 shares of the stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total value of $325,017.00. Following the completion of the sale, the executive vice president owned 43,777 shares of the company’s stock, valued at $1,231,884.78. The trade was a 20.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 19.78% of the company’s stock.
Institutional Investors Weigh In On Campbell’s
Institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in shares of Campbell’s by 21.4% in the third quarter. Parkside Financial Bank & Trust now owns 1,942 shares of the company’s stock worth $61,000 after purchasing an additional 342 shares in the last quarter. Keybank National Association OH increased its stake in Campbell’s by 1.1% in the third quarter. Keybank National Association OH now owns 32,729 shares of the company’s stock valued at $1,034,000 after acquiring an additional 353 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Campbell’s by 1.9% during the second quarter. J.W. Cole Advisors Inc. now owns 19,920 shares of the company’s stock valued at $611,000 after purchasing an additional 375 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake 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 worth $1,913,000 after purchasing an additional 376 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Campbell’s by 8.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $142,000 after buying an additional 380 shares in the last quarter. 52.35% of the stock is owned by institutional investors.
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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