Aberdeen Group plc Purchases 14,925 Shares of The Campbell’s Company $CPB

Aberdeen Group plc increased its position in The Campbell’s Company (NASDAQ:CPB) by 10.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 157,745 shares of the company’s stock after buying an additional 14,925 shares during the quarter. Aberdeen Group plc’s holdings in Campbell’s were worth $4,810,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CPB. Nuveen LLC bought a new position in Campbell’s in the 1st quarter worth $65,588,000. Vanguard Group Inc. boosted its holdings in Campbell’s by 2.1% in the 1st 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 period. KBC Group NV boosted its holdings 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 last quarter. Invesco Ltd. boosted its holdings in shares of Campbell’s by 6.9% during the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company’s stock valued at $198,229,000 after purchasing an additional 320,120 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Campbell’s by 27.6% during the 1st quarter. Cerity Partners LLC now owns 1,068,719 shares of the company’s stock valued at $42,663,000 after purchasing an additional 231,418 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Up 1.9%

Shares of NASDAQ:CPB opened at $30.71 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The Campbell’s Company has a 12 month low of $29.39 and a 12 month high of $48.74. The company has a 50-day moving average price of $32.26 and a 200 day moving average price of $33.52. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 10.48 and a beta of 0.02.

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

Campbell’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors 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 78.00%.

Wall Street Analysts Forecast Growth

CPB has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Campbell’s in a report on Wednesday, August 20th. They set a “neutral” rating and a $33.00 price objective for the company. Bank of America increased their price objective on shares of Campbell’s from $29.00 to $30.00 and gave the company an “underperform” rating in a report on Thursday, September 4th. Barclays dropped their price objective on shares of Campbell’s from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Monday, July 14th. Stifel Nicolaus dropped their price objective on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Finally, Zacks Research raised shares of Campbell’s from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock 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.