Rafferty Asset Management LLC Sells 3,476 Shares of The Campbell’s Company $CPB

Rafferty Asset Management LLC lowered its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 20.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,568 shares of the company’s stock after selling 3,476 shares during the period. Rafferty Asset Management LLC’s holdings in Campbell’s were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Campbell’s by 2.1% during the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock worth $962,877,000 after buying an additional 494,567 shares during the last quarter. Invesco Ltd. raised its stake in Campbell’s by 6.9% during the first quarter. Invesco Ltd. now owns 4,965,668 shares of the company’s stock worth $198,229,000 after buying an additional 320,120 shares during the last quarter. Brandywine Trust Co. raised its stake in Campbell’s by 1.8% during the fourth quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company’s stock worth $203,871,000 after buying an additional 84,778 shares during the last quarter. Deutsche Bank AG raised its stake in Campbell’s by 56.9% during the fourth quarter. Deutsche Bank AG now owns 2,662,547 shares of the company’s stock worth $111,507,000 after buying an additional 966,044 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in Campbell’s by 272.7% during the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock worth $93,949,000 after buying an additional 1,641,400 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Stephens lowered their target price on shares of Campbell’s from $48.00 to $43.00 in a research note on Wednesday, May 28th. Argus downgraded shares of Campbell’s from a “buy” rating to a “hold” rating in a research note on Friday, June 20th. Barclays decreased their price target on shares of Campbell’s from $35.00 to $30.00 and set an “underweight” rating for the company in a research note on Monday, July 14th. Finally, Morgan Stanley decreased their price target on shares of Campbell’s from $35.00 to $32.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Campbell’s currently has an average rating of “Reduce” and a consensus price target of $38.11.

Campbell’s Stock Down 1.5%

Shares of NASDAQ CPB opened at $31.46 on Wednesday. The stock has a market capitalization of $9.38 billion, a P/E ratio of 20.83, a P/E/G ratio of 10.41 and a beta of 0.05. The company has a 50-day moving average price of $31.85 and a 200-day moving average price of $35.09. The Campbell’s Company has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33.

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

Campbell’s Company Profile

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.