Glen Eagle Advisors LLC Boosts Stock Holdings in The Campbell’s Company $CPB

Glen Eagle Advisors LLC grew its position in shares of The Campbell’s Company (NASDAQ:CPB) by 1,611.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 24,548 shares of the company’s stock after buying an additional 23,114 shares during the period. Glen Eagle Advisors LLC’s holdings in Campbell’s were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in Campbell’s by 12.6% during the first quarter. Quantinno Capital Management LP now owns 1,337,058 shares of the company’s stock valued at $29,776,000 after buying an additional 149,156 shares during the period. Saba Capital Management L.P. raised its position in shares of Campbell’s by 556.6% in the first quarter. Saba Capital Management L.P. now owns 315,406 shares of the company’s stock worth $7,024,000 after acquiring an additional 267,372 shares during the period. SummitTX Capital L.P. boosted its stake in shares of Campbell’s by 14.2% during the 1st quarter. SummitTX Capital L.P. now owns 211,613 shares of the company’s stock worth $4,713,000 after acquiring an additional 26,305 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Campbell’s during the 1st quarter worth about $61,261,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Campbell’s by 59.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,369 shares of the company’s stock valued at $275,000 after acquiring an additional 4,602 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPB. Stephens lowered Campbell’s from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $28.00 to $21.00 in a research note on Monday, June 1st. William Blair assumed coverage on Campbell’s in a research report on Tuesday, June 23rd. They set a “market perform” rating on the stock. Royal Bank Of Canada dropped their price objective on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 9th. DA Davidson upgraded Campbell’s to a “hold” rating in a research report on Monday, July 6th. Finally, Stifel Nicolaus boosted their price objective on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $22.00.

Campbell’s Stock Up 2.0%

Shares of NASDAQ CPB opened at $22.81 on Wednesday. The company’s 50-day simple moving average is $21.81 and its 200-day simple moving average is $23.18. The Campbell’s Company has a 52-week low of $19.56 and a 52-week high of $34.17. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 11.29 and a beta of 0.02. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last released its earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The business had revenue of $2.37 billion during the quarter. During the same period in the prior year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Equities analysts predict that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

Campbell’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s payout ratio is presently 77.23%.

Campbell’s Company Profile

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.