Atria Wealth Solutions Inc. Boosts Stock Position in The Campbell’s Company (NASDAQ:CPB)

Atria Wealth Solutions Inc. boosted its holdings in The Campbell’s Company (NASDAQ:CPB) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,487 shares of the company’s stock after purchasing an additional 866 shares during the period. Atria Wealth Solutions Inc.’s holdings in Campbell’s were worth $299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CPB. World Investment Advisors bought a new stake in shares of Campbell’s in the first quarter valued at $410,000. Teacher Retirement System of Texas bought a new stake in shares of Campbell’s during the 1st quarter valued at $1,131,000. Mirae Asset Global Investments Co. Ltd. raised its stake 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 purchasing an additional 3,010 shares during the period. KBC Group NV raised its stake in shares of Campbell’s by 182.0% during the 1st quarter. KBC Group NV now owns 498,216 shares of the company’s stock valued at $19,889,000 after purchasing an additional 321,520 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Campbell’s by 24.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company’s stock valued at $534,000 after purchasing an additional 2,614 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Price Performance

CPB opened at $32.51 on Friday. The stock has a 50-day moving average price of $31.95 and a 200-day moving average price of $35.60. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $52.81. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $9.69 billion, a P/E ratio of 21.53, a PEG ratio of 10.12 and a beta of 0.08.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on Campbell’s from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, May 21st. DA Davidson decreased their price objective on Campbell’s from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, June 9th. Citigroup decreased their price objective on Campbell’s from $33.00 to $32.00 and set a “sell” rating on the stock in a research note on Tuesday, June 3rd. Argus lowered Campbell’s from a “buy” rating to a “hold” rating in a research note on Friday, June 20th. Finally, Stephens decreased their price objective on Campbell’s from $48.00 to $43.00 in a research note on Wednesday, May 28th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.06.

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.