Amundi Purchases 124,647 Shares of The Campbell's Company $CPB

Key Points

• Amundi increased its stake in The Campbell's Company by 6.4%, acquiring an additional 124,647 shares to reach a total of 2,082,885 shares valued at approximately $82.9 million.
• Various hedge funds have also boosted their holdings in Campbell's, with Deutsche Bank AG increasing its position by 56.9% and Two Sigma Advisers LP by 272.7%.
• The stock has been rated with a consensus of "Reduce" from analysts, with a current price target averaging $36.06, despite a recent earnings report that topped expectations.

Amundi boosted its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 6.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,082,885 shares of the company's stock after purchasing an additional 124,647 shares during the quarter. Amundi owned about 0.70% of Campbell's worth $82,941,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group cut their price objective on shares of Campbell's from $33.00 to $30.00 and set a "sell" rating on the stock in a research report on Friday, August 29th. Stifel Nicolaus cut their price objective on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Cowen reaffirmed a "hold" rating on shares of Campbell's in a report on Thursday, September 4th. Citigroup dropped their price target on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a report on Tuesday, June 3rd. Finally, TD Cowen raised their price target on shares of Campbell's from $29.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $36.06.

Campbell's Stock Performance

Shares of NASDAQ:CPB traded down $0.53 during trading on Friday, hitting $33.23. The company's stock had a trading volume of 4,239,845 shares, compared to its average volume of 7,169,716. The company has a 50-day moving average of $32.23 and a 200-day moving average of $34.79. The Campbell's Company has a 12 month low of $29.39 and a 12 month high of $52.19. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.33. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 11.73 and a beta of 0.05.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the prior year, the business earned $3.08 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. On average, sell-side analysts expect that The Campbell's Company will post 3.15 earnings per share 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.