Baird Financial Group Inc. Boosts Holdings in The Campbell's Company $CPB

Key Points

• Baird Financial Group increased its Campbell’s stake by 322% in the second quarter, ending with 159,051 shares valued at approximately $3.54 million. Institutional investors collectively own 52.35% of the company.
• Campbell’s reported quarterly EPS of $0.39, matching analyst expectations, while revenue fell 7.9% year over year to $2.14 billion. The company provided fiscal 2027 EPS guidance of $1.65–$1.80.
• The company declared a quarterly dividend of $0.25 per share, or $1.00 annually, implying a 4.7% yield; however, its payout ratio is elevated at 119.08%. Analysts maintain a consensus “Reduce” rating with a $19.88 target price.

Baird Financial Group Inc. grew its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 322.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,051 shares of the company's stock after acquiring an additional 121,363 shares during the period. Baird Financial Group Inc. owned about 0.05% of Campbell's worth $3,542,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CPB. Dimensional Fund Advisors LP grew its holdings in Campbell's by 23.3% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company's stock worth $228,026,000 after acquiring an additional 1,933,814 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Campbell's by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,048,098 shares of the company's stock worth $84,951,000 after acquiring an additional 93,912 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Campbell's by 190.3% during the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company's stock worth $74,715,000 after acquiring an additional 1,757,264 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Campbell's by 35.0% in the 1st quarter. First Trust Advisors LP now owns 2,820,793 shares of the company's stock worth $62,819,000 after acquiring an additional 731,393 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Campbell's in the 1st quarter worth approximately $61,261,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Trading Up 0.5%

Shares of CPB opened at $21.36 on Wednesday. The company has a market capitalization of $6.37 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.50 and a beta of 0.03. The stock has a fifty day moving average of $22.50 and a two-hundred day moving average of $22.01. The Campbell's Company has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The firm had revenue of $2.14 billion for the quarter. Campbell's had a return on equity of 16.44% and a net margin of 4.04%.The firm's quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. Campbell's has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, analysts forecast that The Campbell's Company will post 1.7 EPS for the current year.

Campbell's Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, October 1st. Campbell's's dividend payout ratio is presently 119.08%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. DA Davidson restated a "neutral" rating and issued a $20.00 price target on shares of Campbell's in a research report on Tuesday, September 8th. Stifel Nicolaus boosted their price objective on shares of Campbell's from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada lowered their price objective on shares of Campbell's from $21.00 to $19.00 and set a "sector perform" rating on the stock in a research note on Friday, September 4th. Sanford C. Bernstein restated an "underperform" rating and set a $19.00 target price (down from $21.00) on shares of Campbell's in a report on Tuesday, June 9th. Finally, Stephens set a $20.00 price target on shares of Campbell's in a report on Friday, August 28th. Twelve investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $19.88.

About Campbell's

Campbell's NASDAQ: CPB is a branded food company that develops, produces and markets packaged meals, beverages and snacks. Its portfolio includes soups, sauces, pasta products, frozen meals, dips, crackers, cookies and yogurt.

The company's brands include Campbell's, Goldfish, Pepperidge Farm, V8, Prego, Pace, Swanson, Rao's, Michael Angelo's and noosa. Products are sold primarily through grocery stores, mass merchants, club stores, convenience stores, food-service distributors and e-commerce channels.

Founded in 1869 by Joseph A.

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