Petrus Trust Company LTA Decreases Holdings in The Campbell's Company $CPB

Key Points

• Petrus Trust Company LTA reduced its stake in The Campbell's Company by 39.2%, now holding 12,043 shares valued at $481,000.
• Several institutional investors, such as Nuveen LLC and Two Sigma Advisers LP, have significantly increased their positions in Campbell's, reflecting 52.35% institutional ownership.
• Campbell's reported a net margin of 5.87% with earnings per share of $0.62, exceeding analyst expectations for the quarter.

Petrus Trust Company LTA reduced its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 39.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,043 shares of the company's stock after selling 7,756 shares during the quarter. Petrus Trust Company LTA's holdings in Campbell's were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. New England Asset Management Inc. increased its holdings in Campbell's by 0.6% in the 1st quarter. New England Asset Management Inc. now owns 64,690 shares of the company's stock worth $2,582,000 after acquiring an additional 370 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Campbell's by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company's stock worth $777,000 after acquiring an additional 685 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Campbell's in the 1st quarter worth about $658,000. Amundi increased its holdings in Campbell's by 6.4% in the 1st quarter. Amundi now owns 2,082,885 shares of the company's stock worth $82,941,000 after acquiring an additional 124,647 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Campbell's in the 1st quarter worth about $7,167,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CPB shares. JPMorgan Chase & Co. started coverage on Campbell's in a report on Wednesday, August 20th. They issued a "neutral" rating and a $33.00 price objective for the company. Evercore ISI decreased their price objective on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. Morgan Stanley lifted their price objective on Campbell's from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Bank of America raised their target price on Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a research note on Thursday, September 4th. Finally, Wells Fargo & Company cut their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $36.06.

Campbell's Price Performance

Shares of NASDAQ:CPB traded down $0.25 on Wednesday, hitting $33.49. The company's stock had a trading volume of 5,709,664 shares, compared to its average volume of 4,494,475. The company has a 50-day simple moving average of $32.11 and a 200 day simple moving average of $34.91. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.19. The company has a market capitalization of $9.98 billion, a PE ratio of 16.75, a PEG ratio of 11.78 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.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, beating 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 analysts' expectations of $2.33 billion. During the same quarter last year, the firm posted $3.08 EPS. The company's revenue 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. Sell-side analysts forecast that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Campbell's 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.