Van ECK Associates Corp Acquires 80,141 Shares of The Campbell’s Company $CPB

Van ECK Associates Corp boosted its holdings in The Campbell’s Company (NASDAQ:CPB) by 25.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,186 shares of the company’s stock after purchasing an additional 80,141 shares during the quarter. Van ECK Associates Corp’s holdings in Campbell’s were worth $8,912,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CPB. Public Employees Retirement System of Ohio bought a new stake in shares of Campbell’s during the second quarter valued at approximately $1,259,000. Parvin Asset Management LLC bought a new position in shares of Campbell’s during the second quarter worth $652,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Campbell’s during the second quarter worth $779,000. Comprehensive Financial Planning Inc. PA purchased a new position in Campbell’s during the second quarter valued at $31,000. Finally, Citizens Financial Group Inc. RI purchased a new position in Campbell’s during the second quarter valued at $273,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPB has been the topic of several research analyst reports. BTIG Research reiterated a “neutral” rating on shares of Campbell’s in a research note on Monday, June 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $21.00 target price on shares of Campbell’s in a report on Monday. UBS Group boosted their target price on Campbell’s from $17.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday, August 20th. Evercore set a $22.00 price target on Campbell’s in a research note on Monday. Finally, DA Davidson upgraded Campbell’s to a “hold” rating in a report on Monday, July 6th. Thirteen investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $20.44.

Campbell’s Stock Performance

NASDAQ:CPB opened at $23.71 on Wednesday. The firm has a market capitalization of $7.07 billion, a PE ratio of 11.74, a PEG ratio of 2.41 and a beta of 0.03. The stock’s fifty day moving average is $22.73 and its 200 day moving average is $22.44. The Campbell’s Company has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The company had revenue of $2.37 billion during the quarter. During the same period in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, sell-side analysts anticipate that The Campbell’s Company will post 2.18 earnings per share for the current year.

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.