Campbell's Target of Unusually Large Options Trading (NASDAQ:CPB)

Key Points

• Traders bought an unusually large number of puts on Campbell's (NASDAQ:CPB) — 13,118 put options were acquired on Monday, about 47% above the average daily put volume.
• Campbell's latest quarter missed expectations with EPS $0.51 vs. $0.57 est. and revenue down 4.5% year‑over‑year; the company set FY‑2026 guidance of $2.15–$2.25 while analysts expect roughly $3.15 for the year.
• Shares traded at $19.88 (near the 52‑week low of $19.81) amid multiple analyst cuts and downgrades, leaving a MarketBeat consensus rating of "Reduce" and a $26.89 consensus price target.

The Campbell's Company (NASDAQ:CPB - Get Free Report) was the target of some unusual options trading on Monday. Traders acquired 13,118 put options on the stock. This is an increase of 47% compared to the average daily volume of 8,940 put options.

Hedge Funds Weigh In On Campbell's

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPB. Parkside Financial Bank & Trust grew its holdings in shares of Campbell's by 21.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,942 shares of the company's stock worth $61,000 after acquiring an additional 342 shares during the period. Keybank National Association OH grew its holdings in shares of Campbell's by 1.1% in the 3rd quarter. Keybank National Association OH now owns 32,729 shares of the company's stock worth $1,034,000 after acquiring an additional 353 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Campbell's by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company's stock worth $1,913,000 after acquiring an additional 376 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Campbell's by 8.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company's stock worth $142,000 after acquiring an additional 380 shares during the period. Finally, New England Asset Management Inc. grew its holdings in shares of Campbell's by 0.6% in the 3rd quarter. New England Asset Management Inc. now owns 65,365 shares of the company's stock worth $2,064,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Stock Performance

NASDAQ CPB traded down $0.56 on Monday, hitting $19.88. 2,443,379 shares of the company's stock were exchanged, compared to its average volume of 8,519,021. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 0.51. The firm's 50-day moving average price is $24.63 and its two-hundred day moving average price is $27.68. Campbell's has a fifty-two week low of $19.81 and a fifty-two week high of $39.04. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 10.86 and a beta of 0.03.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, March 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.06). Campbell's had a return on equity of 19.96% and a net margin of 5.48%.The business had revenue of $2.56 billion for the quarter. During the same quarter last year, the firm earned $0.74 EPS. The company's revenue for the quarter was down 4.5% compared to the same quarter last year. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. On average, research analysts expect that Campbell's will post 3.15 EPS for the current year.

Campbell's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.56 annualized dividend and a yield of 7.8%. Campbell's's payout ratio is presently 85.25%.

Wall Street Analyst Weigh In

CPB has been the topic of several recent research reports. BNP Paribas Exane dropped their price target on Campbell's from $22.00 to $19.00 and set an "underperform" rating on the stock in a research report on Thursday. Wells Fargo & Company cut Campbell's from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Wednesday, April 8th. Barclays dropped their price target on Campbell's from $27.00 to $23.00 and set an "underweight" rating on the stock in a research report on Thursday, March 12th. Jefferies Financial Group restated a "hold" rating and issued a $26.00 price target on shares of Campbell's in a research report on Monday, March 2nd. Finally, Bank of America dropped their price target on Campbell's from $26.00 to $23.00 and set an "underperform" rating on the stock in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $26.89.

About Campbell's

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.

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