Gamco Investors INC. ET AL Acquires 37,747 Shares of The Campbell's Company $CPB

Key Points

• Gamco Investors INC. ET AL increased its stake in The Campbell's Company, acquiring an additional 37,747 shares, totaling 877,635 shares and representing about 0.29% ownership valued at approximately $35 million.
• Various large investors made shifts in their holdings during the first quarter, including KBC Group NV, which grew its stake by 182%, now owning 498,216 shares valued at approximately $19.9 million.
• Wall Street analysts have adjusted their price targets for Campbell's, with ranges between $32.00 and $44.00, and a current consensus rating of "Reduce" with an average price target of $38.44.

Gamco Investors INC. ET AL lifted its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 877,635 shares of the company's stock after buying an additional 37,747 shares during the period. Gamco Investors INC. ET AL owned about 0.29% of Campbell's worth $35,035,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. World Investment Advisors bought a new position in Campbell's during the 1st quarter valued at about $410,000. Teacher Retirement System of Texas bought a new position in Campbell's during the 1st quarter valued at about $1,131,000. KBC Group NV grew its holdings in Campbell's by 182.0% during the 1st quarter. KBC Group NV now owns 498,216 shares of the company's stock valued at $19,889,000 after purchasing an additional 321,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Campbell's by 13.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock valued at $1,027,000 after purchasing an additional 3,010 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Campbell's by 24.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock valued at $534,000 after purchasing an additional 2,614 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CPB. Royal Bank Of Canada cut their price target on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a report on Tuesday, June 3rd. Jefferies Financial Group cut their price target on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Morgan Stanley cut their price target on shares of Campbell's from $35.00 to $32.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Stifel Nicolaus lowered their price objective on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Finally, Stephens dropped their target price on shares of Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Campbell's presently has a consensus rating of "Reduce" and an average price target of $38.44.

Campbell's Price Performance

NASDAQ CPB opened at $32.52 on Tuesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The firm's 50 day moving average price is $31.86 and its 200-day moving average price is $35.34. The Campbell's Company has a 52-week low of $29.39 and a 52-week high of $52.81. The company has a market cap of $9.70 billion, a PE ratio of 21.54, a P/E/G ratio of 10.80 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.48 billion for 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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Campbell's has set its FY 2025 guidance at 2.950-2.950 EPS. Sell-side analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's 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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