Econ Financial Services Corp Invests $1.22 Million in The Campbell’s Company $CPB

Econ Financial Services Corp purchased a new stake in The Campbell’s Company (NASDAQ:CPB) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 54,892 shares of the company’s stock, valued at approximately $1,222,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPB. Hillman Capital Management Inc. lifted its holdings in Campbell’s by 83.7% in the third quarter. Hillman Capital Management Inc. now owns 173,034 shares of the company’s stock valued at $5,464,000 after acquiring an additional 78,824 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Campbell’s during the 4th quarter worth $1,596,000. Natixis Advisors LLC acquired a new position in shares of Campbell’s during the 3rd quarter worth $12,992,000. Tounjian Advisory Partners LLC acquired a new position in shares of Campbell’s during the 4th quarter worth $2,137,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Campbell’s by 51.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,547,831 shares of the company’s stock valued at $48,881,000 after purchasing an additional 526,276 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Price Performance

Shares of NASDAQ CPB opened at $22.73 on Friday. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 11.25 and a beta of 0.02. The Campbell’s Company has a 52 week low of $19.56 and a 52 week high of $34.17. The company’s 50-day moving average price is $21.07 and its 200 day moving average price is $24.10. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $2.37 billion during the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, research analysts forecast that The Campbell’s Company will post 2.18 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s dividend payout ratio (DPR) is 77.23%.

Analysts Set New Price Targets

Several analysts recently commented on CPB shares. UBS Group reduced their price objective on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, June 9th. Wells Fargo & Company lowered shares of Campbell’s from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $20.00 to $18.00 in a research report on Wednesday, April 8th. Bank of America dropped their target price on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a report on Tuesday, June 9th. Jefferies Financial Group reiterated a “hold” rating and set a $26.00 price target on shares of Campbell’s in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada decreased their price target on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 9th. Twelve analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $21.88.

About Campbell’s

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.