Norges Bank Takes Position in The Campbell's Company $CPB

Key Points

• Norges Bank opened a new position in Campbell’s during the fourth quarter, buying 966,456 shares valued at about $26.9 million. The stake represented roughly 0.32% of the company.
• Campbell’s most recent quarter showed better-than-expected earnings, with EPS of $0.50 versus the $0.48 consensus estimate. The company also reiterated FY 2026 EPS guidance of $2.15-$2.25.
• Despite the earnings beat, revenue fell 4.4% year over year to $2.37 billion, and analysts remain cautious overall. The stock has a consensus rating of “Reduce” with an average target price of $21.88, while Campbell’s also declared a quarterly dividend yielding about 7.0%.

Norges Bank bought a new stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 966,456 shares of the company's stock, valued at approximately $26,935,000. Norges Bank owned approximately 0.32% of Campbell's at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Stance Capital LLC bought a new position in Campbell's in the third quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new position in Campbell's in the fourth quarter worth about $29,000. IFP Advisors Inc bought a new position in Campbell's in the third quarter worth about $37,000. Geneos Wealth Management Inc. lifted its holdings in Campbell's by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after acquiring an additional 750 shares during the last quarter. Finally, Rothschild Investment LLC lifted its holdings in Campbell's by 85.5% in the third quarter. Rothschild Investment LLC now owns 1,271 shares of the company's stock worth $40,000 after acquiring an additional 586 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell's Price Performance

NASDAQ CPB opened at $22.13 on Wednesday. The stock has a market capitalization of $6.60 billion, a P/E ratio of 10.96 and a beta of 0.02. The Campbell's Company has a 1 year low of $19.56 and a 1 year high of $34.44. The business's fifty day moving average is $20.90 and its two-hundred day moving average is $24.82. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.51 and a current ratio of 0.87.

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

Campbell's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Thursday, July 2nd. Campbell's's payout ratio is currently 85.25%.

More Campbell's News

Here are the key news stories impacting Campbell's this week:

• Positive Sentiment: Campbell's reported Q3 adjusted EPS of $0.50, topping the $0.48 consensus, showing earnings held up better than expected. Campbell's Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: The company reaffirmed its FY 2026 outlook, signaling management still sees earnings stability even as it works through inflation and demand headwinds. Reuters article on annual forecast
• Neutral Sentiment: Analysts and market coverage highlighted Campbell’s as a defensive, dividend-paying stock, which may be supporting interest from income-focused investors. CPB Stock Slips Premarket After Earnings – But Retail Still Sees Campbell’s As A 'Defensive Play'
• Neutral Sentiment: Campbell’s updated FY 2026 EPS guidance to $2.15-$2.25, roughly in line with expectations, suggesting limited near-term upside but also no major surprise to the downside. Campbell's Reports Third Quarter Fiscal 2026 Results
• Negative Sentiment: Revenue came in at $2.37 billion, down 4.4% year over year, with continued weakness in snacks and softer consumer demand weighing on growth. Campbell's Sales Fall on Continued Weak Demand for Snacks
• Negative Sentiment: Bank of America cut its price target to $18 and kept an underperform rating, reflecting skepticism about the stock’s near-term upside after the earnings report. Benzinga report on price target cut

Analysts Set New Price Targets

CPB has been the topic of a number of recent research reports. Stephens cut shares of Campbell's from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $28.00 to $21.00 in a report on Monday, June 1st. Weiss Ratings reissued a "sell (d+)" rating on shares of Campbell's in a report on Thursday, April 2nd. Wells Fargo & Company cut shares of Campbell's from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $20.00 to $18.00 in a report on Wednesday, April 8th. DA Davidson cut their price target on Campbell's from $30.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, May 22nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $26.00 price target on shares of Campbell's in a report on Monday, March 2nd. Thirteen equities research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $21.88.

Campbell's Company Profile

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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