36,773 Shares in The Campbell's Company $CPB Bought by Arvest Investments Inc.

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 position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,773 shares of the company's stock, valued at approximately $1,127,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPB. Nuveen LLC purchased a new stake in Campbell's in the first quarter valued at $65,588,000. Two Sigma Advisers LP lifted its position in Campbell's by 272.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock valued at $93,949,000 after acquiring an additional 1,641,400 shares during the last quarter. Two Sigma Investments LP lifted its position in Campbell's by 119.2% in the fourth quarter. Two Sigma Investments LP now owns 1,998,756 shares of the company's stock valued at $83,708,000 after acquiring an additional 1,086,856 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Campbell's by 46.6% in the fourth quarter. Nuveen Asset Management LLC now owns 1,822,900 shares of the company's stock valued at $76,343,000 after acquiring an additional 579,308 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Campbell's by 2.1% in the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock valued at $962,877,000 after acquiring an additional 494,567 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CPB. Barclays reduced their price target on shares of Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Monday, July 14th. Bank of America boosted their price target on shares of Campbell's from $29.00 to $30.00 and gave the company an "underperform" rating in a research report on Thursday, September 4th. Jefferies Financial Group reduced their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Finally, Evercore ISI reduced their target price on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $36.06.

Campbell's Price Performance

Shares of NASDAQ:CPB opened at $33.23 on Friday. The company has a 50-day simple moving average of $32.23 and a 200-day simple moving average of $34.75. The Campbell's Company has a one year low of $29.39 and a one year high of $52.19. 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 stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 11.73 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 (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.33 billion. Campbell's had a net margin of 5.87% and a return on equity of 22.95%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.08 earnings per share. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. On average, analysts predict that The Campbell's Company will post 3.15 EPS for the current year.

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.

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