The Campbell's Company $CPB Stock Holdings Trimmed by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in The Campbell's Company by **1.9%**, holding 421,234 shares valued at $16.83 million by the end of the first quarter.
• Research firms have lowered their target prices for Campbell's stock, with Citigroup setting a new target of **$32.00** and a "sell" rating.
• Campbell's reported earnings of **$0.73** per share for the last quarter, exceeding estimates, and anticipates **3.15 EPS** for the current year.

Hsbc Holdings PLC lowered its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 421,234 shares of the company's stock after selling 8,372 shares during the quarter. Hsbc Holdings PLC owned about 0.14% of Campbell's worth $16,830,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Campbell's by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock valued at $962,877,000 after purchasing an additional 494,567 shares in the last quarter. Invesco Ltd. grew its stake in Campbell's by 6.9% during the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company's stock valued at $198,229,000 after purchasing an additional 320,120 shares in the last quarter. Brandywine Trust Co. grew its stake in Campbell's by 1.8% during the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock valued at $203,871,000 after purchasing an additional 84,778 shares in the last quarter. Deutsche Bank AG grew its stake in Campbell's by 56.9% during the 4th quarter. Deutsche Bank AG now owns 2,662,547 shares of the company's stock valued at $111,507,000 after purchasing an additional 966,044 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in Campbell's by 272.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock valued at $93,949,000 after purchasing an additional 1,641,400 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Campbell's in a research note on Wednesday, August 20th. They set a "neutral" rating and a $33.00 price objective for the company. Jefferies Financial Group lowered their price objective on Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Wells Fargo & Company lowered their price objective on Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Piper Sandler restated a "neutral" rating and set a $34.00 price objective (down previously from $35.00) on shares of Campbell's in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada reduced their target price on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a report on Tuesday, June 3rd. 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 data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $38.44.

Campbell's Stock Performance

NASDAQ:CPB traded up $0.03 during trading hours on Friday, reaching $31.67. 1,043,091 shares of the stock were exchanged, compared to its average volume of 4,295,992. 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 50 day simple moving average of $31.87 and a 200-day simple moving average of $35.25. The Campbell's Company has a 52 week low of $29.39 and a 52 week high of $52.81. The stock has a market capitalization of $9.44 billion, a P/E ratio of 20.98, a P/E/G ratio of 10.46 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last released 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 company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%.Campbell's's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. Campbell's has set its FY 2025 guidance at 2.950-2.950 EPS. As a group, sell-side analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

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.