The Campbell's Company $CPB Holdings Decreased by Ethic Inc.

Key Points

• Ethic Inc. reduced its holdings in The Campbell's Company by 14.2%, owning about 57,679 shares, valued at $2.30 million.
• The company's quarterly earnings showed an EPS of $0.73, exceeding analysts' estimates of $0.65, with a year-over-year revenue increase of 4.5%.
• Several analysts have cut their price targets for Campbell's stock, with a consensus rating of "Hold" and a target price of $39.06.

Ethic Inc. lessened its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,679 shares of the company's stock after selling 9,561 shares during the quarter. Ethic Inc.'s holdings in Campbell's were worth $2,301,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. DoubleLine ETF Adviser LP increased its stake in shares of Campbell's by 2.8% in the fourth quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock valued at $487,000 after purchasing an additional 312 shares during the period. Personal CFO Solutions LLC increased its holdings in shares of Campbell's by 5.5% during the 1st quarter. Personal CFO Solutions LLC now owns 8,077 shares of the company's stock worth $322,000 after purchasing an additional 421 shares during the period. Xponance Inc. boosted its position in shares of Campbell's by 1.6% during the 1st quarter. Xponance Inc. now owns 28,885 shares of the company's stock valued at $1,153,000 after acquiring an additional 445 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Campbell's by 6.6% during the first quarter. GAMMA Investing LLC now owns 8,064 shares of the company's stock worth $322,000 after purchasing an additional 496 shares in the last quarter. Finally, Scotia Capital Inc. increased its stake in Campbell's by 1.1% in the first quarter. Scotia Capital Inc. now owns 46,705 shares of the company's stock valued at $1,864,000 after purchasing an additional 520 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Citigroup dropped their target price on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a research report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Bank of America dropped their price objective on shares of Campbell's from $33.00 to $29.00 and set an "underperform" rating on the stock in a report on Tuesday. Finally, Stephens decreased their price objective on shares of Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Campbell's presently has an average rating of "Reduce" and a consensus target price of $38.44.

Campbell's Price Performance

Shares of CPB stock traded up $0.5840 on Friday, reaching $33.1540. The company's stock had a trading volume of 3,846,730 shares, compared to its average volume of 4,147,528. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 10.49 and a beta of 0.08. The stock's fifty day simple moving average is $31.85 and its 200-day simple moving average is $35.43. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Campbell's has set its FY 2025 guidance at 2.950-2.950 EPS. Analysts forecast that The Campbell's Company will post 3.15 earnings per share 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.