Lbp Am Sa Sells 22,672 Shares of The Campbell's Company $CPB

Key Points

• Lbp Am Sa has reduced its stake in Campbell's Company by 12.1%, selling 22,672 shares and owning approximately 0.06% of the company valued at $5,063,000.
• Analysts currently rate Campbell's stock with a consensus of 13 Hold, 3 Buy, and 5 Sell ratings, with an average price target of $34.82.
• The company has declared a quarterly dividend of $0.39 per share, representing a 4.9% yield and a payout ratio of 78.00%.

Lbp Am Sa lessened its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,194 shares of the company's stock after selling 22,672 shares during the period. Lbp Am Sa owned about 0.06% of Campbell's worth $5,063,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC grew its position in shares of Campbell's by 923.2% in the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after buying an additional 637 shares during the last quarter. ORG Partners LLC grew its position in shares of Campbell's by 77.3% in the 2nd quarter. ORG Partners LLC now owns 906 shares of the company's stock valued at $29,000 after buying an additional 395 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Campbell's in the 1st quarter valued at about $31,000. Geneos Wealth Management Inc. grew its position in shares of Campbell's by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after buying an additional 750 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Campbell's in the 1st quarter valued at about $46,000. Institutional investors own 52.35% of the company's stock.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of analyst reports. Morgan Stanley upped their price target on Campbell's from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Cowen restated a "hold" rating on shares of Campbell's in a research report on Thursday, September 4th. Stifel Nicolaus cut their target price on Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Argus lowered Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Finally, Wells Fargo & Company upped their target price on Campbell's from $32.00 to $34.00 and gave the company an "equal weight" rating in a research report on Thursday, September 25th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $34.82.

Campbell's Stock Up 1.3%

Shares of Campbell's stock opened at $31.99 on Thursday. The stock's 50-day moving average is $32.65 and its 200 day moving average is $34.14. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 10.97 and a beta of 0.02. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The Campbell's Company has a one year low of $29.39 and a one year high of $49.11.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.08 earnings per share. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Equities research analysts anticipate that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 annualized dividend and a yield of 4.9%. Campbell's's dividend payout ratio is presently 78.00%.

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.

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