Eliot Finkel Investment Counsel LLC Takes Position in The Campbell's Company $CPB

Key Points

• Eliot Finkel Investment Counsel LLC has acquired a new stake in The Campbell's Company, buying 165,575 shares valued at approximately $5,075,000, making it the firm's 13th largest holding.
• Campbell's recent quarterly earnings report showed earnings per share of $0.62, exceeding analysts' expectations, with a revenue of $2.32 billion.
• The company announced a quarterly dividend of $0.39 per share, representing an annualized yield of 4.9%, with the ex-dividend date set for October 2nd.

Eliot Finkel Investment Counsel LLC acquired a new stake in The Campbell's Company (NASDAQ:CPB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 165,575 shares of the company's stock, valued at approximately $5,075,000. Campbell's makes up approximately 3.3% of Eliot Finkel Investment Counsel LLC's investment portfolio, making the stock its 13th largest holding. Eliot Finkel Investment Counsel LLC owned approximately 0.06% of Campbell's as of its most recent SEC filing.

Other hedge funds and 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 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after purchasing an additional 637 shares in the last quarter. NBC Securities Inc. acquired a new position in Campbell's during the 1st quarter worth approximately $31,000. Ameritas Advisory Services LLC acquired a new position in Campbell's during the 2nd quarter worth approximately $25,000. ORG Partners LLC lifted its position in Campbell's by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company's stock worth $29,000 after acquiring an additional 395 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Campbell's by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after acquiring an additional 750 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on CPB shares. JPMorgan Chase & Co. started coverage on Campbell's in a research report on Wednesday, August 20th. They set a "neutral" rating and a $33.00 price target on the stock. Barclays reduced their price target on Campbell's from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Monday, July 14th. Sanford C. Bernstein boosted their price target on Campbell's from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Bank of America lifted their price objective on Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a report on Thursday, September 4th. Finally, Cowen restated a "hold" rating on shares of Campbell's in a report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $34.82.

Campbell's Price Performance

Shares of NASDAQ CPB opened at $31.95 on Friday. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $49.11. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 11.10 and a beta of 0.02. The business has a 50 day simple moving average of $32.61 and a 200-day simple moving average of $34.01.

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 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 business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the business earned $3.08 EPS. The business'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, equities research analysts expect that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, October 2nd. Campbell's's dividend payout ratio is presently 78.00%.

Campbell's Company Profile

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.

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