Campbell's (NASDAQ:CPB) Issues Quarterly Earnings Results

Campbell's (NASDAQ:CPB - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08, RTT News reports. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. Campbell's updated its FY 2025 guidance to 2.950-2.950 EPS.

Campbell's Trading Down 0.6%

Shares of CPB stock traded down $0.20 during trading hours on Thursday, hitting $34.08. 1,888,947 shares of the company were exchanged, compared to its average volume of 2,908,785. Campbell's has a 1 year low of $32.95 and a 1 year high of $52.81. The firm has a fifty day moving average of $36.31 and a 200 day moving average of $39.14. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The firm has a market cap of $10.16 billion, a PE ratio of 18.62, a PEG ratio of 2.71 and a beta of 0.14.

Campbell's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.58%. Campbell's's dividend payout ratio is currently 90.17%.

Insider Activity at Campbell's

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of Campbell's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 20.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Campbell's

Several hedge funds and other institutional investors have recently modified their holdings of CPB. Goldman Sachs Group Inc. lifted its holdings in Campbell's by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company's stock worth $26,369,000 after purchasing an additional 27,374 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Campbell's by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company's stock worth $777,000 after buying an additional 685 shares during the period. Woodline Partners LP raised its holdings in Campbell's by 40.9% during the 1st quarter. Woodline Partners LP now owns 16,623 shares of the company's stock worth $664,000 after buying an additional 4,827 shares during the period. Empowered Funds LLC acquired a new stake in Campbell's during the 1st quarter worth about $446,000. Finally, Geneos Wealth Management Inc. raised its holdings in Campbell's by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Ratings Changes

CPB has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their target price on Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. JPMorgan Chase & Co. downgraded Campbell's from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Bank of America lowered their price target on Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a report on Tuesday. Finally, Evercore ISI lowered their target price on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.39.

About Campbell's

The Campbell's Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.