Aquatic Capital Management LLC Boosts Holdings in The Campbell's Company $CPB

Key Points

• Aquatic Capital increased its stake in The Campbell's Company (NASDAQ:CPB) by 54.2% in Q3, buying 264,370 shares to hold 751,738 shares (about 0.25% of the company) valued at roughly $23.74 million.
• Campbell's reported a weak quarter (EPS $0.51 vs. $0.57 expected, revenue down ~4.5–5%) and set FY26 guidance at $2.15–$2.25 EPS, triggering multiple analyst price-target cuts and a MarketBeat consensus rating of "Reduce" with an average target of $27.65.
• The company declared a quarterly dividend of $0.39 (annualized $1.56) for a ~7.2% yield, but the payout ratio is elevated at 85.25%, raising questions about dividend sustainability.

Aquatic Capital Management LLC raised its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 54.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 751,738 shares of the company's stock after purchasing an additional 264,370 shares during the period. Aquatic Capital Management LLC owned 0.25% of Campbell's worth $23,740,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its position in shares of Campbell's by 66.8% in the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the company's stock worth $29,000 after buying an additional 385 shares in the last quarter. Parvin Asset Management LLC purchased a new position in Campbell's during the second quarter worth about $35,000. Geneos Wealth Management Inc. increased its stake in Campbell's by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after acquiring an additional 750 shares during the last quarter. Rothschild Investment LLC increased its stake in Campbell's by 85.5% in the 3rd quarter. Rothschild Investment LLC now owns 1,271 shares of the company's stock worth $40,000 after acquiring an additional 586 shares during the last quarter. Finally, Kentucky Trust Co raised its holdings in shares of Campbell's by 40.0% in the 3rd quarter. Kentucky Trust Co now owns 1,400 shares of the company's stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

CPB has been the subject of a number of research analyst reports. Stephens dropped their price target on Campbell's from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, December 8th. TD Cowen lowered their target price on shares of Campbell's from $29.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday. Barclays dropped their target price on shares of Campbell's from $27.00 to $23.00 and set an "underweight" rating for the company in a research report on Thursday. Stifel Nicolaus cut their price target on shares of Campbell's from $30.00 to $25.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Zacks Research lowered shares of Campbell's from a "hold" rating to a "strong sell" rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and seven have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $27.65.

Trending Headlines about Campbell's

Here are the key news stories impacting Campbell's this week:

• Positive Sentiment: Appointment of Joshua Levine as Chief Investor Relations Officer could improve investor communication and help reset expectations. Campbell’s Appoints Joshua Levine Chief Investor Relations Officer
• Positive Sentiment: Sanford C. Bernstein kept an "outperform" stance (though cut its PT), signaling that some analysts still see upside from here. Bernstein Maintains Outperform
• Neutral Sentiment: DA Davidson reaffirmed coverage with a $30 price target, which implies significant upside but keeps a cautious posture. DA Davidson Reaffirms Neutral
• Neutral Sentiment: Several brokers trimmed price targets (Deutsche Bank to $23, Morgan Stanley to $25, Stifel to $25, RBC to $26) and shifted ratings to hold/sector perform — these are mixed signals that reduce near-term upside but stop short of broad sell recommendations. Analyst Price Target Changes
• Negative Sentiment: Q2 results disappointed: EPS missed, revenue fell ~5% Y/Y and organic sales declined ~3%; management lowered FY26 guidance (EPS range 2.15–2.25), prompting analysts to cut forecasts. This is the primary driver of the sell-side reaction. Campbell’s posts one of worst quarters
• Negative Sentiment: UBS moved to a "sell" rating and lowered its target to $20 — a direct negative catalyst because that PT sits below the current market price and signals increased downside from a major broker. UBS Downgrade
• Negative Sentiment: Wells Fargo downgraded CPB as part of a broader caution on packaged-food names, citing inflation, weak consumption and promotional pressure — adds sector-level headwinds to company-specific issues. Wells Fargo Downgrade
• Negative Sentiment: Analysts and market commentators describe the quarter as one of Campbell’s weakest in years; shares already gapped down after the print and analyst model cuts suggest pressure on near-term earnings and dividend coverage. Market Reaction to Weak Quarter

Campbell's Price Performance

Shares of Campbell's stock opened at $21.71 on Friday. The firm has a market capitalization of $6.47 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 8.42 and a beta of -0.03. The company has a current ratio of 1.01, a quick ratio of 0.34 and a debt-to-equity ratio of 1.66. The Campbell's Company has a 12 month low of $21.59 and a 12 month high of $40.59. The business's 50-day moving average price is $26.76 and its 200-day moving average price is $29.35.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, March 11th. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.06). The firm had revenue of $2.56 billion during the quarter. Campbell's had a return on equity of 19.96% and a net margin of 5.48%.Campbell's's revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. Sell-side analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Thursday, April 2nd. Campbell's's payout ratio is presently 85.25%.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,700 shares of the company's stock in a transaction on Friday, January 9th. The shares were sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the sale, the executive vice president owned 25,264 shares of the company's stock, valued at approximately $669,748.64. This represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles A. Brawley III sold 11,550 shares of Campbell's stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total transaction of $325,017.00. Following the completion of the transaction, the executive vice president owned 43,777 shares in the company, valued at approximately $1,231,884.78. The trade was a 20.88% decrease in their position. The SEC filing for this sale provides additional information. 19.78% of the stock is currently owned by corporate insiders.

Campbell's Profile

Campbell's NASDAQ: CPB is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell's has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company's brand portfolio includes Campbell's Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.

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