135,770 The Campbell's Company $CPB Shares Sold by Sigma Planning Corp

Key Points

• Sigma Planning Corp. reduced its Campbell’s stake by 80.7% in the third quarter, selling 135,770 shares and retaining 32,406 shares worth approximately $643,000.
• Campbell’s reported quarterly revenue of $2.14 billion, down 7.9% year over year, while EPS of $0.39 matched analyst expectations. The company guided to fiscal 2027 EPS of $1.65–$1.80.
• The company cut its quarterly dividend to $0.25 from $0.39, resulting in a $1.00 annualized payout and a 4.7% yield. Analysts remain cautious, with the stock carrying an average “Reduce” rating and a $19.88 target price.

Sigma Planning Corp cut its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 80.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,406 shares of the company's stock after selling 135,770 shares during the period. Sigma Planning Corp's holdings in Campbell's were worth $643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Campbell's by 23.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company's stock valued at $228,026,000 after buying an additional 1,933,814 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Campbell's in the 2nd quarter valued at approximately $79,090,000. First Trust Advisors LP grew its stake in shares of Campbell's by 35.0% in the 1st quarter. First Trust Advisors LP now owns 2,820,793 shares of the company's stock valued at $62,819,000 after purchasing an additional 731,393 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Campbell's in the 1st quarter worth approximately $61,261,000. Finally, Hsbc Holdings PLC lifted 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 acquiring an additional 1,613,873 shares during the period. Institutional investors own 52.35% of the company's stock.

Campbell's Stock Up 2.0%

Shares of Campbell's stock opened at $21.42 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 Campbell's Company has a 12 month low of $18.60 and a 12 month high of $32.04. The business has a fifty day simple moving average of $20.89 and a 200 day simple moving average of $22.51. The stock has a market cap of $6.39 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 2.47 and a beta of 0.06.

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

Campbell's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a $0.25 dividend. 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 drop from Campbell's's previous quarterly dividend of $0.39. Campbell's's payout ratio is presently 76.34%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CPB shares. Weiss Ratings cut shares of Campbell's from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. UBS Group raised their price target on Campbell's from $18.00 to $19.00 and gave the company a "sell" rating in a report on Friday, September 4th. Evercore set a $21.00 target price on Campbell's in a report on Monday, September 14th. Stifel Nicolaus raised their target price on Campbell's from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Finally, DA Davidson reissued a "neutral" rating and set a $20.00 price objective on shares of Campbell's in a report on Tuesday, September 8th. Twelve equities research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average 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.

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