Bank of New York Mellon Corp purchased a new stake in The Campbell's Company (NASDAQ:CPB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,551,401 shares of the company's stock, valued at approximately $79,090,000. Bank of New York Mellon Corp owned approximately 1.19% of Campbell's as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Sittner & Nelson LLC acquired a new position in shares of Campbell's during the 4th quarter worth approximately $29,000. Los Angeles Capital Management LLC acquired a new stake in shares of Campbell's during the fourth quarter valued at $29,000. Ankerstar Wealth LLC purchased a new stake in Campbell's during the 4th quarter worth about $29,000. IMA Advisory Services Inc. purchased a new stake in Campbell's during the 4th quarter worth about $33,000. Finally, IFP Advisors Inc acquired a new position in Campbell's in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 52.35% of the company's stock.
Analysts Set New Price Targets
CPB has been the topic of a number of analyst reports. Zacks Research upgraded shares of Campbell's from a "strong sell" rating to a "hold" rating in a research report on Monday, August 10th. DA Davidson upgraded Campbell's to a "hold" rating in a report on Monday, July 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Campbell's in a report on Tuesday, June 30th. TD Cowen increased their price target on Campbell's from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Wednesday, August 19th. Finally, 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 report on Friday, June 5th. Twelve analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, Campbell's presently has a consensus rating of "Reduce" and an average target price of $20.40.
Read Our Latest Stock Report on CPB
Campbell's Stock Down 2.9%
Shares of NASDAQ CPB opened at $23.47 on Wednesday. The firm has a fifty day moving average of $22.48 and a 200-day moving average of $22.64. The stock has a market capitalization of $7.00 billion, a PE ratio of 11.62 and a beta of 0.02. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. 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 released its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $2.37 billion for the quarter. Campbell's had a return on equity of 18.04% and a net margin of 6.12%.The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. On average, analysts anticipate that The Campbell's Company will post 2.18 EPS for the current year.
Campbell's Company Profile
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Free Report)
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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