Corient Private Wealth LP Grows Stock Holdings in The Campbell's Company $CPB

Key Points

• Corient Private Wealth LP increased its Campbell’s stake by 271% in the second quarter, bringing its holdings to 103,027 shares valued at approximately $2.3 million. Institutional investors and hedge funds collectively own 52.35% of the company.
• Analyst sentiment remains cautious, with 12 “Hold” and seven “Sell” ratings, producing a consensus “Reduce” rating and an average price target of $19.88.
• Campbell’s reported quarterly revenue of $2.14 billion, down 7.9% year over year, while earnings per share of $0.39 matched estimates. The company declared a quarterly dividend of $0.25 per share, equivalent to a 4.9% annualized yield.

Corient Private Wealth LP raised its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 271.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,027 shares of the company's stock after buying an additional 75,257 shares during the period. Corient Private Wealth LP's holdings in Campbell's were worth $2,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC raised its stake in shares of Campbell's by 644.9% during the 1st quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company's stock worth $41,319,000 after buying an additional 1,613,873 shares during the last quarter. Fluent Financial LLC acquired a new stake in Campbell's in the 2nd quarter valued at about $1,394,000. Atria Investments Inc acquired a new stake in Campbell's in the 2nd quarter valued at about $1,136,000. Saba Capital Management L.P. increased its holdings in Campbell's by 556.6% during the 1st quarter. Saba Capital Management L.P. now owns 315,406 shares of the company's stock valued at $7,024,000 after acquiring an additional 267,372 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Campbell's during the second quarter worth about $1,259,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on CPB shares. William Blair initiated coverage on Campbell's in a research report on Tuesday, June 23rd. They set a "market perform" rating for the company. Jefferies Financial Group dropped their price objective on Campbell's from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Thursday, September 3rd. Royal Bank Of Canada cut their target price on shares of Campbell's from $21.00 to $19.00 and set a "sector perform" rating for the company in a research note on Friday, September 4th. BTIG Research reaffirmed a "neutral" rating on shares of Campbell's in a research note on Friday, September 4th. Finally, TD Cowen boosted their price objective on shares of Campbell's from $20.00 to $22.00 and gave the company a "hold" rating in a research report on Wednesday, August 19th. Twelve investment analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $19.88.

Campbell's Price Performance

CPB stock opened at $20.21 on Wednesday. The company has a market cap of $6.03 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.35 and a beta of 0.03. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $21.82. The Campbell's Company has a 12-month low of $19.56 and a 12-month high of $34.17.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business 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 business's revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. Campbell's has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, research analysts predict that The Campbell's Company will post 1.7 EPS for the current year.

Campbell's Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, October 1st. Campbell's's dividend payout ratio is 119.08%.

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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