Hsbc Holdings PLC Sells 1,830,419 Shares of The Campbell's Company $CPB

Key Points

• HSBC Holdings reduced its Campbell’s stake by 98.2%, selling 1,830,419 shares during the second quarter and retaining 33,700 shares valued at approximately $747,000.
• Campbell’s reported quarterly revenue of $2.14 billion and adjusted earnings of $0.39 per share, matching estimates, but revenue declined 7.9% year over year. The company declared a $0.25 quarterly dividend, equivalent to a 4.8% yield, although its payout ratio exceeded 119%.
• Analyst sentiment remains cautious: the stock carries a consensus rating of “Reduce”, with 12 Hold ratings and seven Sell ratings and an average price target of $19.94.

Hsbc Holdings PLC trimmed its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 98.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,700 shares of the company's stock after selling 1,830,419 shares during the quarter. Hsbc Holdings PLC's holdings in Campbell's were worth $747,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its stake in Campbell's by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company's stock valued at $1,913,000 after acquiring an additional 376 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Campbell's by 8.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company's stock valued at $142,000 after acquiring an additional 380 shares during the period. New England Asset Management Inc. lifted its holdings in Campbell's by 0.6% during the 3rd quarter. New England Asset Management Inc. now owns 65,365 shares of the company's stock worth $2,064,000 after purchasing an additional 380 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Campbell's by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 90,311 shares of the company's stock worth $2,517,000 after buying an additional 440 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its position in shares of Campbell's by 2.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 24,897 shares of the company's stock valued at $694,000 after acquiring an additional 493 shares during the period. Institutional investors own 52.35% of the company's stock.

Campbell's Price Performance

CPB opened at $21.00 on Monday. The stock has a 50-day moving average price of $22.56 and a 200-day moving average price of $22.09. The firm has a market cap of $6.26 billion, a PE ratio of 16.03, a P/E/G ratio of 2.47 and a beta of 0.03. The Campbell's Company has a 1 year low of $19.56 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.82 and a quick ratio of 0.33.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. Campbell's had a net margin of 4.04% and a return on equity of 16.44%. The firm had revenue of $2.14 billion for the quarter. During the same quarter in the previous year, the company earned $0.62 EPS. The company's quarterly revenue was down 7.9% compared to the same quarter last year. Campbell's has set its FY 2027 guidance at 1.650-1.800 EPS. Sell-side analysts predict that The Campbell's Company will post 1.7 earnings per share for the current fiscal year.

Campbell's Cuts Dividend

The business also recently announced 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. The ex-dividend date is Thursday, October 1st. This represents a $1.00 annualized dividend and a yield of 4.8%. Campbell's's payout ratio is 119.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Campbell's from a "hold" rating to a "sell" rating in a report on Saturday, September 5th. DA Davidson reiterated a "neutral" rating and set a $20.00 price objective on shares of Campbell's in a research report on Tuesday, September 8th. Barclays lowered their price target on shares of Campbell's from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Friday, September 4th. Bank of America dropped their price objective on Campbell's from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Tuesday, June 9th. Finally, Jefferies Financial Group cut their target price on Campbell's from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Thursday, September 3rd. Twelve equities research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $19.94.

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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