Adage Capital Partners GP L.L.C. Makes New Investment in The Campbell's Company $CPB

Key Points

• Adage Capital Partners GP L.L.C. acquired a new stake in The Campbell's Company, purchasing 179,546 shares valued at approximately $7.17 million, increasing its ownership to 0.06% of the company.
• Other institutional investors have also significantly increased their stakes in Campbell's, with some firms reporting ownership increases of over 900% during the same quarter.
• Campbell's reported earnings of $0.62 per share for the last quarter, beating estimates, while revenue rose 1.2% year-over-year to $2.32 billion, although slightly below expectations.

Adage Capital Partners GP L.L.C. acquired a new stake in The Campbell's Company (NASDAQ:CPB - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 179,546 shares of the company's stock, valued at approximately $7,167,000. Adage Capital Partners GP L.L.C. owned 0.06% of Campbell's at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Manchester Capital Management LLC increased its holdings in Campbell's by 923.2% in the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after purchasing an additional 637 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Campbell's during the 1st quarter worth approximately $31,000. Riverview Trust Co bought a new stake in shares of Campbell's in the 1st quarter valued at $46,000. Banque Cantonale Vaudoise acquired a new position in shares of Campbell's during the 1st quarter valued at $47,000. Finally, Curat Global LLC acquired a new position in shares of Campbell's during the 1st quarter valued at $58,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Stock Down 1.6%

CPB traded down $0.53 during midday trading on Friday, reaching $33.23. 4,239,845 shares of the company were exchanged, compared to its average volume of 7,169,716. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 11.73 and a beta of 0.05. The Campbell's Company has a one year low of $29.39 and a one year high of $52.19. The company's fifty day moving average price is $32.23 and its 200 day moving average price is $34.79. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.33 and a current ratio of 0.77.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its 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 analyst estimates of $2.33 billion. During the same quarter last year, the company earned $3.08 earnings per share. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, analysts expect that The Campbell's Company will post 3.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on CPB. 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. Stifel Nicolaus reduced their target price on Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Piper Sandler reaffirmed a "neutral" rating and issued a $34.00 target price (down from $35.00) on shares of Campbell's in a research report on Thursday, August 7th. Argus lowered Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Finally, Barclays reduced their price objective on Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $36.06.

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.