American Century Companies Inc. Sells 9,254 Shares of The Campbell's Company $CPB

Key Points

• American Century Companies Inc. reduced its stake in The Campbell's Company by 56.7%, selling 9,254 shares and holding 7,063 shares valued at $282,000 as of the latest SEC filing.
• Several large investors, including World Investment Advisors and Teacher Retirement System of Texas, have increased their positions in Campbell's, with 53.35% of the company's stock now held by institutional investors.
• The company recently reported an EPS of $0.62 for the quarter, surpassing analysts' expectations, while also announcing a revenue of $2.32 billion, slightly below estimates of $2.33 billion.

American Century Companies Inc. reduced its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 56.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,063 shares of the company's stock after selling 9,254 shares during the quarter. American Century Companies Inc.'s holdings in Campbell's were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CPB. Manchester Capital Management LLC raised its position in Campbell's by 923.2% in the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after buying an additional 637 shares during the last quarter. NBC Securities Inc. purchased a new stake in Campbell's in the 1st quarter valued at $31,000. Riverview Trust Co purchased a new stake in Campbell's in the 1st quarter valued at $46,000. Banque Cantonale Vaudoise purchased a new stake in Campbell's in the 1st quarter valued at $47,000. Finally, Curat Global LLC purchased a new stake in Campbell's in the 1st quarter valued at $58,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Stock Performance

Shares of CPB stock traded up $0.27 on Thursday, hitting $33.76. 6,548,887 shares of the stock were exchanged, compared to its average volume of 7,041,346. 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 firm has a market capitalization of $10.06 billion, a PE ratio of 16.88, a P/E/G ratio of 11.64 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 firm's 50 day moving average is $32.19 and its two-hundred day moving average is $34.84.

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, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.08 EPS. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Sell-side analysts expect that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DA Davidson lowered their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Citigroup lowered their price target on Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Wells Fargo & Company reduced their price objective on Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Finally, Sanford C. Bernstein upped their price objective on Campbell's from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $36.06.

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.