Banque Transatlantique SA Takes $658,000 Position in The Campbell's Company $CPB

Key Points

• Banque Transatlantique SA has invested approximately $658,000 in Campbell's Company by acquiring 17,826 shares during the first quarter.
• Multiple institutional investors have increased their stakes in Campbell's, with notable acquisitions totaling over $2 million in the first quarter.
• Despite various analyst ratings and price target reductions, Campbell's stock has been consistently trading with a market capitalization of $10.06 billion and is currently projected to post $3.15 earnings per share for the fiscal year.

Banque Transatlantique SA purchased a new position in The Campbell's Company (NASDAQ:CPB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 17,826 shares of the company's stock, valued at approximately $658,000.

Other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC lifted its stake in shares of Campbell's by 923.2% in the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after acquiring an additional 637 shares in the last quarter. NBC Securities Inc. acquired a new stake in Campbell's during the first quarter valued at approximately $31,000. Riverview Trust Co acquired a new stake in Campbell's during the first quarter valued at approximately $46,000. Banque Cantonale Vaudoise acquired a new stake in Campbell's during the first quarter valued at approximately $47,000. Finally, Curat Global LLC acquired a new stake in Campbell's during the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CPB shares. Piper Sandler restated a "neutral" rating and set a $34.00 price objective (down previously from $35.00) on shares of Campbell's in a research note on Thursday, August 7th. Royal Bank Of Canada cut their price objective on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. UBS Group cut their price objective on Campbell's from $33.00 to $30.00 and set a "sell" rating on the stock in a research note on Friday, August 29th. Finally, Citigroup lowered their target price on Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a report on Tuesday, June 3rd. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $36.06.

Campbell's Price Performance

NASDAQ CPB traded up $1.37 on Friday, reaching $34.03. 9,019,885 shares of the stock traded hands, compared to its average volume of 6,549,119. The firm's fifty day simple moving average is $32.00 and its 200 day simple moving average is $34.99. The company has a quick ratio of 0.33, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 11.78 and a beta of 0.05. The Campbell's Company has a 12 month low of $29.39 and a 12 month high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company posted $3.08 EPS. The firm'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. As a group, research analysts predict that The Campbell's Company will post 3.15 EPS for the current fiscal 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.