Aberdeen Group plc Purchases 14,925 Shares of The Campbell's Company $CPB

Key Points

• Aberdeen Group plc increased its stake in The Campbell's Company by 10.5%, owning approximately 0.05% of the company valued at $4.81 million after acquiring 14,925 additional shares.
• Multiple analysts raised their price targets for Campbell's stock, with Wells Fargo setting it at $34.00 and Morgan Stanley at $33.00, reflecting positive market sentiment.
• Cambell's announced a quarterly dividend of $0.39 per share, representing an annualized yield of 5.1%, with a payout ratio of 78%.

Aberdeen Group plc lifted its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,745 shares of the company's stock after acquiring an additional 14,925 shares during the period. Aberdeen Group plc owned approximately 0.05% of Campbell's worth $4,810,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Campbell's during the second quarter valued at approximately $25,000. Manchester Capital Management LLC increased its position in shares of Campbell's by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after acquiring an additional 637 shares in the last quarter. ORG Partners LLC increased its position in shares of Campbell's by 77.3% during the second quarter. ORG Partners LLC now owns 906 shares of the company's stock valued at $29,000 after acquiring an additional 395 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Campbell's by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after acquiring an additional 750 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Campbell's during the first quarter valued at approximately $47,000. Institutional investors own 52.35% of the company's stock.

Analysts Set New Price Targets

CPB has been the subject of several analyst reports. Morgan Stanley raised their price target 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. Zacks Research raised Campbell's from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Wells Fargo & Company raised their price target on Campbell's from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 25th. Bank of America raised their price target on Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a research note on Thursday, September 4th. Finally, Piper Sandler restated a "neutral" rating and issued a $34.00 price target (down from $35.00) on shares of Campbell's in a research note on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, Campbell's presently has an average rating of "Reduce" and an average target price of $34.82.

Campbell's Trading Up 1.9%

Shares of CPB stock opened at $30.71 on Friday. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $48.74. The firm has a fifty day moving average price of $32.26 and a 200-day moving average price of $33.52. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 10.48 and a beta of 0.02.

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. As a group, equities analysts predict that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

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 5.1%. Campbell's's dividend payout ratio is currently 78.00%.

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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