UMB Bank n.a. Raises Stock Holdings in The Campbell’s Company $CPB

UMB Bank n.a. grew its stake in The Campbell’s Company (NASDAQ:CPB) by 35.3% during the 2nd quarter, Holdings Channel reports. The fund owned 2,196 shares of the company’s stock after acquiring an additional 573 shares during the period. UMB Bank n.a.’s holdings in Campbell’s were worth $67,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors purchased a new stake in shares of Campbell’s in the first quarter valued at $410,000. Teacher Retirement System of Texas purchased a new stake in shares of Campbell’s in the first quarter valued at $1,131,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Campbell’s by 24.3% in the first 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. increased its stake in Campbell’s by 13.2% in the first 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 last quarter. Finally, KBC Group NV increased its stake in Campbell’s by 182.0% in the first 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 last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Stock Performance

Shares of NASDAQ:CPB opened at $32.21 on Friday. The firm has a market capitalization of $9.60 billion, a PE ratio of 16.11, a P/E/G ratio of 11.72 and a beta of 0.05. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The business has a 50-day moving average of $32.67 and a two-hundred day moving average of $34.34. The Campbell’s Company has a 12 month low of $29.39 and a 12 month high of $49.74.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.08 earnings per share. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, research analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 annualized dividend and a yield of 4.8%. Campbell’s’s dividend payout ratio is currently 78.00%.

Analyst Ratings Changes

CPB has been the subject of several analyst reports. Evercore ISI dropped their target price on Campbell’s from $46.00 to $41.00 and set an “in-line” rating for the company in a research note on Thursday, May 29th. DA Davidson dropped their target price on Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, June 9th. Morgan Stanley upped their target price on Campbell’s from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Bank of America upped their target price on Campbell’s from $29.00 to $30.00 and gave the company an “underperform” rating in a research note on Thursday, September 4th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $34.00 target price (down from $35.00) on shares of Campbell’s in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $34.82.

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.