Arvest Investments Inc. Takes $1.13 Million Position in The Campbell's Company $CPB

Key Points

• Arvest Investments Inc. purchased 36,773 shares of The Campbell's Company (NASDAQ:CPB) worth approximately $1,127,000 in the second quarter.
• Wall Street analysts have issued mixed ratings for Campbell's stock, with a consensus price target of $36.06 and three firms giving it a Buy rating while others maintained Hold and Sell ratings.
• In its latest quarterly earnings report, Campbell's reported an earnings per share (EPS) of $0.62, exceeding estimates, while revenue was $2.32 billion, slightly below expectations.

Arvest Investments Inc. bought a new stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,773 shares of the company's stock, valued at approximately $1,127,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CPB. Evercore ISI cut their price objective on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research report on Thursday, May 29th. UBS Group reduced their price target on shares of Campbell's from $33.00 to $30.00 and set a "sell" rating for the company in a report on Friday, August 29th. Bank of America boosted their price target on shares of Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a research report on Thursday, September 4th. Stephens lowered their price target on Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Finally, TD Cowen raised their target price on Campbell's from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $36.06.

Campbell's Trading Down 0.3%

Campbell's stock traded down $0.09 during mid-day trading on Friday, hitting $33.48. The company's stock had a trading volume of 1,533,585 shares, compared to its average volume of 4,494,770. The company has a current ratio of 0.77, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56. The stock's fifty day moving average is $32.43 and its two-hundred day moving average is $34.59. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $51.74. The firm has a market capitalization of $9.98 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 11.44 and a beta of 0.05.

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

Campbell's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders 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 dividend on an annualized basis and a yield of 4.7%. Campbell's's dividend payout ratio (DPR) is currently 78.00%.

Campbell's Company 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.