The Campbell’s Company $CPB Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its position in The Campbell’s Company (NASDAQ:CPB) by 60.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,795 shares of the company’s stock after buying an additional 23,915 shares during the quarter. ProShare Advisors LLC’s holdings in Campbell’s were worth $1,955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Manchester Capital Management LLC increased its holdings in Campbell’s by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock valued at $28,000 after acquiring an additional 637 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Campbell’s during the 2nd quarter worth approximately $25,000. ORG Partners LLC increased its stake 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 purchasing an additional 395 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Campbell’s in the 1st quarter valued at approximately $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Trading Up 0.2%

NASDAQ CPB opened at $31.29 on Friday. The Campbell’s Company has a 12 month low of $29.39 and a 12 month high of $46.95. The company has a 50-day moving average of $31.54 and a 200-day moving average of $32.43. 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 company has a market cap of $9.32 billion, a P/E ratio of 15.65, a P/E/G ratio of 10.41 and a beta of 0.01.

Campbell’s (NASDAQ:CPB) last released its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the company earned $3.08 earnings per share. The company’s quarterly revenue 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, equities analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $1.56 annualized dividend and a dividend yield of 5.0%. Campbell’s’s payout ratio is currently 78.00%.

Wall Street Analysts Forecast Growth

CPB has been the subject of several recent research reports. Piper Sandler reissued a “neutral” rating and set a $34.00 price target (down previously from $35.00) on shares of Campbell’s in a research report on Thursday, August 7th. UBS Group decreased their price objective on Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a research note on Friday, August 29th. Cowen reiterated a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Campbell’s in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price target on shares of Campbell’s from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 25th. Three 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 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.