Kestra Advisory Services LLC Sells 26,891 Shares of The Campbell's Company $CPB

Kestra Advisory Services LLC decreased its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 48.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,162 shares of the company's stock after selling 26,891 shares during the quarter. Kestra Advisory Services LLC's holdings in Campbell's were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. World Investment Advisors purchased a new stake in Campbell's in the first quarter worth $410,000. Teacher Retirement System of Texas purchased a new position in Campbell's during the first quarter valued at $1,131,000. KBC Group NV lifted its position in Campbell's by 182.0% during the first quarter. KBC Group NV now owns 498,216 shares of the company's stock valued at $19,889,000 after buying an additional 321,520 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Campbell's by 13.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock valued at $1,027,000 after buying an additional 3,010 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Campbell's by 24.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock valued at $534,000 after buying an additional 2,614 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell's Stock Performance

NASDAQ CPB traded up $1.37 during trading hours on Friday, hitting $34.03. The company's stock had a trading volume of 9,019,885 shares, compared to its average volume of 6,549,119. The Campbell's Company has a 12 month low of $29.39 and a 12 month high of $52.81. The company's 50 day simple moving average is $32.00 and its two-hundred day simple moving average is $34.99. The company has a market cap of $10.15 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 11.78 and a beta of 0.05. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.33.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.08 EPS. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, sell-side analysts expect that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays lowered their price objective on Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Monday, July 14th. 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 report on Wednesday, July 9th. Citigroup lowered their price objective on Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research report on Tuesday, June 3rd. Morgan Stanley raised their price target on Campbell's from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Argus downgraded Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $36.06.

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.