28,687 Shares in The Campbell’s Company $CPB Acquired by Midwest Trust Co

Midwest Trust Co purchased a new position in shares of The Campbell’s Company (NASDAQ:CPB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,687 shares of the company’s stock, valued at approximately $879,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CPB. New England Asset Management Inc. lifted its stake in shares of Campbell’s by 0.6% in the first quarter. New England Asset Management Inc. now owns 64,690 shares of the company’s stock worth $2,582,000 after acquiring an additional 370 shares during the period. Farther Finance Advisors LLC lifted its stake in Campbell’s by 22.4% in the second quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company’s stock valued at $64,000 after buying an additional 384 shares during the period. ORG Partners LLC boosted its holdings in shares of Campbell’s by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock worth $29,000 after buying an additional 395 shares in the last quarter. Howe & Rusling Inc. increased its stake in shares of Campbell’s by 3.5% in the 1st quarter. Howe & Rusling Inc. now owns 11,786 shares of the company’s stock valued at $470,000 after acquiring an additional 400 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Campbell’s by 0.8% during the 1st quarter. Voya Investment Management LLC now owns 56,837 shares of the company’s stock valued at $2,269,000 after acquiring an additional 425 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zacks Research raised shares of Campbell’s from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Cowen reissued a “hold” rating on shares of Campbell’s in a report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Campbell’s in a report on Wednesday, October 8th. Morgan Stanley boosted their price target on shares of Campbell’s from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Finally, Sanford C. Bernstein boosted their price objective on Campbell’s from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $34.82.

Campbell’s Stock Performance

Campbell’s stock opened at $31.55 on Wednesday. The Campbell’s Company has a 1-year low of $29.39 and a 1-year high of $46.95. 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 firm has a market capitalization of $9.39 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 10.41 and a beta of 0.01. The firm’s 50 day simple moving average is $31.68 and its 200 day simple moving average is $32.51.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.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 company posted $3.08 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, analysts expect that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, October 2nd were given a $0.39 dividend. The ex-dividend date was Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.9%. Campbell’s’s payout ratio is presently 78.00%.

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.