The Campbell’s Company $CPB Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its position in shares of The Campbell’s Company (NASDAQ:CPB) by 53.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,976 shares of the company’s stock after selling 27,686 shares during the period. Oppenheimer & Co. Inc.’s holdings in Campbell’s were worth $475,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in shares of Campbell’s by 644.9% during the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock valued at $41,319,000 after buying an additional 1,613,873 shares in the last quarter. MAC Alpha Capital Management LP raised its position in Campbell’s by 25.4% during the second quarter. MAC Alpha Capital Management LP now owns 284,545 shares of the company’s stock valued at $6,337,000 after buying an additional 57,631 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Campbell’s in the 2nd quarter worth about $1,259,000. Fluent Financial LLC purchased a new stake in Campbell’s in the 2nd quarter worth about $1,394,000. Finally, Atria Investments Inc purchased a new stake in Campbell’s in the 2nd quarter worth about $1,136,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell’s Price Performance

NASDAQ CPB opened at $23.43 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $6.99 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 2.74 and a beta of 0.06. The Campbell’s Company has a 12-month low of $18.60 and a 12-month high of $32.04. The company has a 50 day moving average price of $20.81 and a two-hundred day moving average price of $22.43.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The company had revenue of $2.14 billion for the quarter. During the same quarter last year, the company earned $0.62 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, equities analysts predict that The Campbell’s Company will post 1.70 earnings per share for the current fiscal year.

Campbell’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 1st were issued a $0.25 dividend. This is a drop from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Thursday, October 1st. Campbell’s’s dividend payout ratio is currently 76.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Campbell’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Stifel Nicolaus upped their target price on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Barclays decreased their price target on shares of Campbell’s from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, September 4th. Finally, Jefferies Financial Group lowered their price objective on shares of Campbell’s from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, September 3rd. Twelve research 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 has a consensus rating of “Reduce” and an average target price of $19.88.

Campbell’s Profile

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.