Northwestern Mutual Wealth Management Co. Sells 224,838 Shares of The Campbell's Company $CPB

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 95.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,507 shares of the company's stock after selling 224,838 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Campbell's were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Personal CFO Solutions LLC increased its position in shares of Campbell's by 5.5% during the first quarter. Personal CFO Solutions LLC now owns 8,077 shares of the company's stock valued at $322,000 after acquiring an additional 421 shares during the last quarter. Xponance Inc. increased its position in Campbell's by 1.6% in the first quarter. Xponance Inc. now owns 28,885 shares of the company's stock worth $1,153,000 after buying an additional 445 shares during the last quarter. GAMMA Investing LLC increased its position in Campbell's by 6.6% in the first quarter. GAMMA Investing LLC now owns 8,064 shares of the company's stock worth $322,000 after buying an additional 496 shares during the last quarter. Scotia Capital Inc. increased its position in Campbell's by 1.1% in the first quarter. Scotia Capital Inc. now owns 46,705 shares of the company's stock worth $1,864,000 after buying an additional 520 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Campbell's by 53.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,562 shares of the company's stock worth $62,000 after buying an additional 541 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Price Performance

NASDAQ CPB traded up $1.37 during trading on Friday, reaching $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 stock has a market capitalization of $10.15 billion, a PE ratio of 17.02, a P/E/G ratio of 11.30 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. The firm has a fifty day moving average of $32.00 and a 200 day moving average of $35.02. The Campbell's Company has a one year low of $29.39 and a one year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $3.08 EPS. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Analysts expect that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CPB. Stephens decreased their target price on Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. JPMorgan Chase & Co. began coverage on Campbell's in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $33.00 target price for the company. TD Cowen raised their target price on Campbell's from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday. Piper Sandler reissued a "neutral" rating and issued a $34.00 target price (down from $35.00) on shares of Campbell's in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein lifted their price target on Campbell's from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $36.06.

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.