Lecap Asset Management Ltd. Takes Position in The Campbell's Company $CPB

Key Points

• Lecap Asset Management Ltd. has acquired a new position in Campbell's Company, purchasing 16,014 shares valued at approximately $491,000 during the 2nd quarter.
• Several institutional investors, including Nuveen LLC and Vanguard Group Inc., have either increased or established new stakes in Campbell's, reflecting a growing interest in the company.
• Campbell's announced a quarterly dividend of $0.39 per share, representing an annualized dividend yield of 4.9%, with a payout ratio of 78.00%.

Lecap Asset Management Ltd. bought a new position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,014 shares of the company's stock, valued at approximately $491,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Campbell's in the first quarter worth about $65,588,000. Vanguard Group Inc. raised its position in shares of Campbell's by 2.1% in 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 during the last quarter. KBC Group NV boosted its stake in Campbell's by 182.0% in the 1st quarter. KBC Group NV now owns 498,216 shares of the company's stock worth $19,889,000 after purchasing an additional 321,520 shares in the last quarter. Invesco Ltd. grew its position in Campbell's by 6.9% during the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company's stock worth $198,229,000 after purchasing an additional 320,120 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Campbell's by 4,153.6% during the 1st quarter. GAMMA Investing LLC now owns 321,915 shares of the company's stock worth $12,851,000 after purchasing an additional 314,347 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPB has been the subject of several research reports. DA Davidson lowered their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Sanford C. Bernstein raised their target price on Campbell's from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Morgan Stanley lifted their price target on Campbell's from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. TD Cowen boosted their price target on Campbell's from $29.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. started coverage on Campbell's in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $33.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Campbell's has an average rating of "Reduce" and a consensus price target of $34.82.

Campbell's Stock Performance

NASDAQ CPB opened at $31.60 on Friday. The firm has a market capitalization of $9.42 billion, a P/E ratio of 15.80, a PEG ratio of 11.11 and a beta of 0.02. The stock has a 50-day simple moving average of $32.63 and a two-hundred day simple moving average of $34.09. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77. The Campbell's Company has a fifty-two week low of $29.39 and a fifty-two week high of $49.11.

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

Campbell's Dividend Announcement

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

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.

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