Panagora Asset Management Inc. Sells 29,000 Shares of The Campbell's Company $CPB

Key Points

• Panagora Asset Management Inc. has reduced its position in The Campbell's Company by 35.2%, selling 29,000 shares to hold a total of 53,388 shares worth approximately $2.13 million.
• Multiple institutional investors have modified their positions as well, with Vident Advisory LLC increasing its stake by 48.5% and B. Metzler seel. Sohn & Co. AG boosting holdings by 854.7% in the same quarter.
• Analysts have lowered their price targets for Campbell's stock, with estimates ranging from $29.00 to $39.00, reflecting a generally cautious outlook on the company.

Panagora Asset Management Inc. cut its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 35.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,388 shares of the company's stock after selling 29,000 shares during the quarter. Panagora Asset Management Inc.'s holdings in Campbell's were worth $2,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vident Advisory LLC grew its stake in Campbell's by 48.5% during the 1st quarter. Vident Advisory LLC now owns 9,006 shares of the company's stock worth $360,000 after buying an additional 2,941 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Campbell's in the 1st quarter worth approximately $4,230,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Campbell's by 854.7% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 48,412 shares of the company's stock valued at $1,932,000 after buying an additional 43,341 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Campbell's by 13.3% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 10,200 shares of the company's stock valued at $407,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Campbell's by 4.5% in the first quarter. Gamco Investors INC. ET AL now owns 877,635 shares of the company's stock valued at $35,035,000 after buying an additional 37,747 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell's Price Performance

Shares of CPB stock traded up $1.37 during trading hours on Friday, reaching $34.03. 9,019,885 shares of the company were exchanged, compared to its average volume of 6,549,119. The company has a market cap of $10.15 billion, a price-to-earnings 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 stock's fifty day moving average is $32.00 and its two-hundred day moving average is $35.02. The Campbell's Company has a fifty-two week low of $29.39 and a fifty-two week high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last released 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 company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.08 earnings per share. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Sell-side analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America raised their price objective on shares of Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Sanford C. Bernstein raised their price objective on Campbell's from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday. Stephens lowered their price target on Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Finally, UBS Group dropped their target price on shares of Campbell's from $33.00 to $30.00 and set a "sell" rating on the stock in a research report on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price 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.