46,448 Shares in The Campbell's Company $CPB Acquired by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd acquired 46,448 shares of The Campbell's Company, valued at approximately $1,424,000, during the second quarter.
• In its latest quarterly earnings, Campbell's reported $0.62 EPS, beating estimates by $0.05, with year-over-year revenue growth of 1.2%.
• The company announced a quarterly dividend of $0.39 per share, resulting in an annualized dividend yield of 4.9%.

Ninety One UK Ltd purchased a new stake in The Campbell's Company (NASDAQ:CPB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 46,448 shares of the company's stock, valued at approximately $1,424,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. Invesco Ltd. grew its position in shares of Campbell's by 6.9% during the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company's stock worth $198,229,000 after purchasing an additional 320,120 shares in the last quarter. Amundi grew its position in shares of Campbell's by 6.4% during the 1st quarter. Amundi now owns 2,082,885 shares of the company's stock worth $82,941,000 after purchasing an additional 124,647 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Campbell's by 0.6% during the first quarter. Northern Trust Corp now owns 1,930,219 shares of the company's stock worth $77,054,000 after purchasing an additional 10,914 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Campbell's by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,815,240 shares of the company's stock valued at $72,464,000 after buying an additional 27,759 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell's Stock Up 1.3%

CPB stock opened at $31.99 on Thursday. The firm has a 50-day moving average price of $32.65 and a 200-day moving average price of $34.14. The Campbell's Company has a 12 month low of $29.39 and a 12 month high of $49.11. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $9.53 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 10.97 and a beta of 0.02.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates 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 was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.08 EPS. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, equities research analysts anticipate that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 2nd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.9%. Campbell's's dividend payout ratio (DPR) is 78.00%.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of recent research reports. Bank of America raised their price objective on Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a research note on Thursday, September 4th. TD Cowen raised their price target on Campbell's from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. began coverage on shares of Campbell's in a research report on Wednesday, August 20th. They set a "neutral" rating and a $33.00 price objective for the company. DA Davidson reduced their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Finally, Morgan Stanley boosted their target price on shares of Campbell's from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $34.82.

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.

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