Rhumbline Advisers Buys 57,700 Shares of The Campbell’s Company $CPB

Rhumbline Advisers lifted its position in The Campbell’s Company (NASDAQ:CPB) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,485 shares of the company’s stock after acquiring an additional 57,700 shares during the quarter. Rhumbline Advisers’ holdings in Campbell’s were worth $15,983,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its position in Campbell’s by 4.9% in the 1st quarter. Allianz Asset Management GmbH now owns 24,903 shares of the company’s stock worth $994,000 after purchasing an additional 1,156 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Campbell’s by 58.9% in the 1st quarter. Assetmark Inc. now owns 6,118 shares of the company’s stock worth $244,000 after buying an additional 2,267 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Campbell’s by 955.4% in the first quarter. Federated Hermes Inc. now owns 3,641 shares of the company’s stock valued at $145,000 after acquiring an additional 3,296 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Campbell’s during the first quarter valued at approximately $47,000. Finally, Bayforest Capital Ltd bought a new stake in Campbell’s during the first quarter worth $354,000. 52.35% of the stock is owned by institutional investors.

Campbell’s Stock Performance

Shares of CPB stock opened at $30.57 on Friday. The firm’s 50 day moving average is $31.00 and its 200 day moving average is $32.11. The stock has a market capitalization of $9.10 billion, a P/E ratio of 15.28, a PEG ratio of 10.41 and a beta of 0.01. The Campbell’s Company has a 12 month low of $29.39 and a 12 month high of $46.38. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56.

Campbell’s (NASDAQ:CPB) last issued its 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. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.08 EPS. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, sell-side analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.56 dividend on an annualized basis and a yield of 5.1%. Campbell’s’s dividend payout ratio is 78.00%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CPB. Wells Fargo & Company upped their price objective on Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Cowen restated a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. 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. UBS Group dropped their target price on shares of Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a research note on Friday, August 29th. Finally, TD Cowen increased their target price on shares of Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Campbell’s currently has an average rating of “Reduce” and a consensus target price of $34.59.

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.