Bank of America Corp DE Sells 200,834 Shares of The Campbell's Company $CPB

Key Points

• Bank of America cut its Campbell’s stake by 23.6%, selling 200,834 shares and retaining 650,746 shares worth approximately $14.5 million. Institutional investors collectively own 52.35% of the company.
• Analyst sentiment remains cautious: 12 analysts rate Campbell’s “Hold” and seven rate it “Sell,” resulting in an average “Reduce” rating and a consensus price target of $20.40.
• Campbell’s reported quarterly EPS of $0.50, exceeding estimates of $0.48, while revenue fell 4.4% year over year to $2.37 billion. Shares opened at $23.95, compared with a 52-week range of $19.56 to $34.17.

Bank of America Corp DE lowered its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 23.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 650,746 shares of the company's stock after selling 200,834 shares during the period. Bank of America Corp DE owned approximately 0.22% of Campbell's worth $14,492,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Sittner & Nelson LLC acquired a new stake in shares of Campbell's during the 4th quarter worth about $29,000. Los Angeles Capital Management LLC acquired a new position in Campbell's during the 4th quarter worth about $29,000. Ankerstar Wealth LLC bought a new stake in Campbell's during the 4th quarter worth about $29,000. IMA Advisory Services Inc. bought a new stake in Campbell's during the 4th quarter worth about $33,000. Finally, IFP Advisors Inc acquired a new stake in Campbell's in the 3rd quarter valued at about $37,000. Institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CPB shares. Weiss Ratings reissued a "sell (d+)" rating on shares of Campbell's in a report on Tuesday, June 30th. Morgan Stanley decreased their price objective on Campbell's from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Friday, June 5th. UBS Group lifted their target price on Campbell's from $17.00 to $18.00 and gave the company a "sell" rating in a research note on Thursday. Barclays dropped their target price on Campbell's from $21.00 to $19.00 and set an "underweight" rating for the company in a research report on Monday, June 8th. Finally, Stifel Nicolaus raised their price target on Campbell's from $20.00 to $22.00 and gave the company a "hold" rating in a report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $20.40.

Campbell's Stock Up 0.8%

Shares of NASDAQ:CPB opened at $23.95 on Friday. The company has a 50 day moving average price of $22.41 and a two-hundred day moving average price of $22.73. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. The company has a market capitalization of $7.14 billion, a PE ratio of 11.86 and a beta of 0.02. The Campbell's Company has a 52 week low of $19.56 and a 52 week high of $34.17.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Campbell's had a return on equity of 18.04% and a net margin of 6.12%.The business had revenue of $2.37 billion for the quarter. During the same period in the previous year, the business posted $0.22 EPS. The business's quarterly revenue was down 4.4% compared to the same quarter last year. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. Analysts forecast that The Campbell's Company will post 2.18 earnings per share for the current year.

About Campbell's

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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