Leonteq Securities AG Cuts Position in The Campbell's Company $CPB

Key Points

• Leonteq Securities AG cut its Campbell’s stake by 62.7% in the second quarter, selling 52,660 shares and retaining 31,310 shares valued at approximately $697,000.
• Analyst sentiment remains cautious: Campbell’s has an average “Reduce” rating, with 12 Hold and seven Sell ratings and an average price target of $21.20.
• Campbell’s reported quarterly EPS of $0.50, exceeding the $0.48 consensus estimate, but revenue fell 4.4% year over year to $2.37 billion; shares recently opened at $23.28.

Leonteq Securities AG lessened its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 62.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,310 shares of the company's stock after selling 52,660 shares during the period. Leonteq Securities AG's holdings in Campbell's were worth $697,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its stake in Campbell's by 1.3% in the second quarter. State Street Corp now owns 11,960,359 shares of the company's stock worth $366,585,000 after acquiring an additional 149,679 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Campbell's by 23.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company's stock worth $228,026,000 after acquiring an additional 1,933,814 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Campbell's by 21.6% during the fourth quarter. Invesco Ltd. now owns 9,719,409 shares of the company's stock valued at $270,880,000 after purchasing an additional 1,723,676 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Campbell's by 534.8% during the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company's stock valued at $155,916,000 after acquiring an additional 4,159,398 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Campbell's by 175.7% during the third quarter. UBS Group AG now owns 3,730,947 shares of the company's stock valued at $117,823,000 after acquiring an additional 2,377,488 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPB shares. Stephens downgraded shares of Campbell's from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $28.00 to $21.00 in a report on Monday, June 1st. Morgan Stanley lowered their price objective on shares of Campbell's from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Friday, June 5th. Royal Bank Of Canada cut their target price on shares of Campbell's from $23.00 to $21.00 and set a "sector perform" rating for the company in a research report on Tuesday, June 9th. William Blair initiated coverage on Campbell's in a research report on Tuesday, June 23rd. They set a "market perform" rating for the company. Finally, Bank of America lowered their price objective on shares of Campbell's from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Tuesday, June 9th. Twelve research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, Campbell's presently has an average rating of "Reduce" and an average target price of $21.20.

Campbell's Stock Performance

Shares of CPB opened at $23.28 on Friday. The Campbell's Company has a 52 week low of $19.56 and a 52 week high of $34.17. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 11.52 and a beta of 0.02. The business has a 50-day simple moving average of $22.28 and a two-hundred day simple moving average of $22.86.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Campbell's had a net margin of 6.12% and a return on equity of 18.04%. The company had revenue of $2.37 billion during the quarter. During the same period in the prior year, the company posted $0.22 earnings per share. The company's revenue was down 4.4% compared to the same quarter last year. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. On average, analysts expect that The Campbell's Company will post 2.18 EPS for the current year.

About Campbell's

Campbell's NASDAQ: CPB is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell's has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company's brand portfolio includes Campbell's Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.

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