The Campbell’s Company $CPB Stock Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in The Campbell’s Company (NASDAQ:CPB) by 80.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,406 shares of the company’s stock after selling 135,770 shares during the quarter. Sigma Planning Corp’s holdings in Campbell’s were worth $643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its position in shares of Campbell’s by 22.2% in the third quarter. Wedbush Securities Inc. now owns 18,455 shares of the company’s stock valued at $366,000 after acquiring an additional 3,350 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Campbell’s by 2,830.6% during the 3rd quarter. Sterling Capital Management LLC now owns 174,840 shares of the company’s stock worth $3,467,000 after purchasing an additional 168,874 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Campbell’s during the 3rd quarter worth approximately $29,000. SBI Securities Co. Ltd. increased its holdings in Campbell’s by 75.7% during the third quarter. SBI Securities Co. Ltd. now owns 6,555 shares of the company’s stock worth $130,000 after buying an additional 2,824 shares during the last quarter. Finally, Arvest Investments Inc. increased its holdings in Campbell’s by 57.1% during the third quarter. Arvest Investments Inc. now owns 50,001 shares of the company’s stock worth $992,000 after buying an additional 18,170 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Stock Up 2.0%

Shares of CPB opened at $21.42 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The Campbell’s Company has a 12 month low of $18.60 and a 12 month high of $32.04. The firm’s 50 day moving average is $20.89 and its 200-day moving average is $22.51. The stock has a market capitalization of $6.39 billion, a PE ratio of 9.68, a P/E/G ratio of 2.47 and a beta of 0.06.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.14 billion for the quarter. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%. Campbell’s’s revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Equities research analysts forecast that The Campbell’s Company will post 1.70 EPS for the current year.

Campbell’s Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. This is a negative change from Campbell’s’s previous quarterly dividend of $0.39. Campbell’s’s dividend payout ratio (DPR) is 76.34%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CPB. BTIG Research reissued a “neutral” rating on shares of Campbell’s in a research report on Friday, September 4th. Evercore set a $21.00 price target on Campbell’s in a report on Monday, September 14th. DA Davidson restated a “neutral” rating and issued a $20.00 price objective on shares of Campbell’s in a research note on Tuesday, September 8th. Royal Bank Of Canada reduced their target price on Campbell’s from $21.00 to $19.00 and set a “sector perform” rating for the company in a research note on Friday, September 4th. Finally, TD Cowen upped their price objective on shares of Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Twelve research analysts have rated the stock with a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $19.88.

About Campbell’s

Campbell’s, formerly known as Campbell Soup Company, is a food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.

Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell’s, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo’s and Rao’s.

Campbell’s serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.