35,000 Shares in The Campbell’s Company $CPB Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of The Campbell’s Company (NASDAQ:CPB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 35,000 shares of the company’s stock, valued at approximately $779,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPB. Comprehensive Financial Planning Inc. PA purchased a new stake in Campbell’s during the 2nd quarter worth $31,000. Citizens Financial Group Inc. RI purchased a new stake in Campbell’s during the 2nd quarter worth approximately $273,000. Commerzbank Aktiengesellschaft FI acquired a new stake in Campbell’s in the second quarter valued at $878,000. Bank of New York Mellon Corp bought a new position in shares of Campbell’s during the second quarter worth about $79,090,000. Finally, Mirabella Financial Services LLP increased its holdings in shares of Campbell’s by 42.4% in the 2nd quarter. Mirabella Financial Services LLP now owns 17,184 shares of the company’s stock valued at $383,000 after acquiring an additional 5,117 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analysts Set New Price Targets

CPB has been the subject of a number of research reports. Zacks Research upgraded Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $19.00 target price (down from $21.00) on shares of Campbell’s in a research note on Tuesday, June 9th. Barclays decreased their price objective on shares of Campbell’s from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Monday, June 8th. 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. Finally, TD Cowen upped their price target on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday. Twelve equities research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $20.40.

Campbell’s Stock Performance

CPB stock opened at $23.95 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The Campbell’s Company has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The stock has a market capitalization of $7.14 billion, a PE ratio of 11.86 and a beta of 0.02. The company has a 50 day moving average price of $22.41 and a 200 day moving average price of $22.73.

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. 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%. Campbell’s’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Analysts forecast that The Campbell’s Company will post 2.18 EPS for the current year.

Campbell’s 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.