25,900 Shares in The Campbell's Company $CPB Bought by Investors Research Corp

Key Points

• Investors Research Corp acquired 25,900 shares of The Campbell's Company (NASDAQ:CPB) valued at approximately $794,000 during the 2nd quarter.
• Campbell's reported earnings of $0.62 per share for the last quarter, exceeding analysts' expectations, and had revenue of $2.32 billion, slightly below the expected $2.33 billion.
• Analysts have lowered price targets for Campbell's shares, with consensus now set at $36.06, and the stock currently holds a consensus rating of "Reduce."

Investors Research Corp acquired a new position in The Campbell's Company (NASDAQ:CPB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,900 shares of the company's stock, valued at approximately $794,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. New England Asset Management Inc. raised its holdings in Campbell's by 0.6% in the 1st quarter. New England Asset Management Inc. now owns 64,690 shares of the company's stock worth $2,582,000 after acquiring an additional 370 shares during the last quarter. Howe & Rusling Inc. raised its holdings in Campbell's by 3.5% in the 1st quarter. Howe & Rusling Inc. now owns 11,786 shares of the company's stock worth $470,000 after acquiring an additional 400 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in Campbell's by 5.5% in the 1st quarter. Personal CFO Solutions LLC now owns 8,077 shares of the company's stock worth $322,000 after acquiring an additional 421 shares during the last quarter. Voya Investment Management LLC raised its stake in Campbell's by 0.8% during the 1st quarter. Voya Investment Management LLC now owns 56,837 shares of the company's stock valued at $2,269,000 after buying an additional 425 shares during the last quarter. Finally, Xponance Inc. raised its stake in Campbell's by 1.6% during the 1st quarter. Xponance Inc. now owns 28,885 shares of the company's stock valued at $1,153,000 after buying an additional 445 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of research reports. Citigroup decreased their target price on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research note on Tuesday, June 3rd. Royal Bank Of Canada decreased their target price on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a research note on Tuesday, June 3rd. Argus lowered shares of Campbell's from a "buy" rating to a "hold" rating in a research note on Friday, June 20th. Stephens decreased their target price on shares of Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Campbell's in a research note on Wednesday, August 20th. They set a "neutral" rating and a $33.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $36.06.

Campbell's Stock Performance

Shares of CPB stock traded down $0.11 during mid-day trading on Friday, reaching $33.47. 2,181,031 shares of the company's stock traded hands, compared to its average volume of 4,498,806. The Campbell's Company has a 12 month low of $29.39 and a 12 month high of $51.74. The firm has a 50 day moving average price of $32.43 and a two-hundred day moving average price of $34.59. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.33 and a current ratio of 0.77. The firm has a market capitalization of $9.98 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 11.44 and a beta of 0.05.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. Campbell's had a net margin of 5.87% and a return on equity of 22.95%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the firm posted $3.08 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. On average, research analysts forecast that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 annualized dividend and a yield of 4.7%. Campbell's's dividend payout ratio is currently 78.00%.

Campbell's Profile

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.