Gabelli Funds LLC Purchases 19,600 Shares of The Campbell's Company $CPB

Key Points

• Gabelli Funds LLC increased its stake in The Campbell's Company ($CPB) by 2.6%, owning approximately 766,925 shares valued at $30.6 million after acquiring an additional 19,600 shares in the first quarter.
• Campbell's reported $0.73 EPS for the last quarter, exceeding analysts' expectations of $0.65, with revenue increasing by 4.5% year-over-year to $2.48 billion.
• Recent price targets for Campbell's have seen significant changes, with Citigroup and Morgan Stanley both lowering their price objectives, indicating a cautious outlook from several analysts.

Gabelli Funds LLC raised its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 766,925 shares of the company's stock after buying an additional 19,600 shares during the quarter. Gabelli Funds LLC owned about 0.26% of Campbell's worth $30,616,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC raised 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 valued at $28,000 after purchasing an additional 637 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Campbell's in the first quarter valued at $31,000. Riverview Trust Co acquired a new position in shares of Campbell's in the first quarter valued at $46,000. Banque Cantonale Vaudoise acquired a new position in shares of Campbell's in the first quarter valued at $47,000. Finally, Curat Global LLC acquired a new position in shares of Campbell's in the first quarter valued at $58,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell's Price Performance

NASDAQ:CPB traded up $0.29 during trading hours on Friday, reaching $31.93. The company had a trading volume of 5,908,823 shares, compared to its average volume of 5,751,587. The stock has a 50-day moving average of $31.87 and a two-hundred day moving average of $35.21. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $9.52 billion, a PE ratio of 21.15, a PEG ratio of 10.31 and a beta of 0.08. The Campbell's Company has a one year low of $29.39 and a one year high of $52.81.

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 the consensus estimate of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%.The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPB. Deutsche Bank Aktiengesellschaft cut their target price on 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 cut their target price on Campbell's from $33.00 to $29.00 and set an "underperform" rating for the company in a research note on Tuesday, August 19th. Piper Sandler restated a "neutral" rating and issued a $34.00 target price (down from $35.00) on shares of Campbell's in a research note on Thursday, August 7th. Stephens lowered their price target on Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada lowered their price target on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Tuesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Campbell's currently has an average rating of "Reduce" and a consensus target price of $38.11.

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.