9,007 Shares in The Campbell’s Company $CPB Acquired by Summitry LLC

Summitry LLC acquired a new stake in shares of The Campbell’s Company (NASDAQ:CPB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,007 shares of the company’s stock, valued at approximately $276,000.

Other hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Campbell’s during the second quarter worth approximately $25,000. Manchester Capital Management LLC grew its holdings in shares of Campbell’s by 923.2% in the first quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares during the period. ORG Partners LLC increased its position in Campbell’s by 77.3% during the second quarter. ORG Partners LLC now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 395 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Campbell’s by 66.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock valued at $29,000 after buying an additional 385 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Campbell’s by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

CPB has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, September 4th. Stifel Nicolaus cut their price objective on Campbell’s from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Tuesday, July 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $34.00 target price (down previously from $35.00) on shares of Campbell’s in a research report on Thursday, August 7th. Zacks Research raised shares of Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Sanford C. Bernstein lifted their price target on shares of Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $34.82.

Campbell’s Trading Up 0.2%

NASDAQ CPB opened at $31.29 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 10.41 and a beta of 0.01. The firm has a 50 day simple moving average of $31.54 and a 200-day simple moving average of $32.40. The Campbell’s Company has a one year low of $29.39 and a one year high of $46.95.

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

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, October 2nd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Thursday, October 2nd. Campbell’s’s dividend payout ratio (DPR) is currently 78.00%.

Campbell’s 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.