Public Employees Retirement System of Ohio Purchases Shares of 56,527 The Campbell's Company $CPB

Key Points

• Public Employees Retirement System of Ohio initiated a position in Campbell’s by purchasing 56,527 shares valued at approximately $1.26 million. Institutional investors and hedge funds collectively own 52.35% of the company.
• Campbell’s reported quarterly revenue of $2.14 billion and adjusted earnings of $0.39 per share, matching estimates, but revenue declined 7.9% year over year. The company guided to fiscal 2027 earnings of $1.65–$1.80 per share.
• The company declared a quarterly dividend of $0.25, equivalent to a 4.6% annual yield, while analysts remain cautious: Campbell’s has a consensus “Reduce” rating and an average price target of $19.94.

Public Employees Retirement System of Ohio bought a new position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,527 shares of the company's stock, valued at approximately $1,259,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sittner & Nelson LLC purchased a new stake in Campbell's during the 4th quarter worth $29,000. Los Angeles Capital Management LLC acquired a new position in shares of Campbell's during the fourth quarter worth about $29,000. Ankerstar Wealth LLC acquired a new position in shares of Campbell's during the fourth quarter worth about $29,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Campbell's in the second quarter worth about $31,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of Campbell's in the fourth quarter valued at about $33,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell's Stock Up 1.8%

Shares of NASDAQ:CPB opened at $21.76 on Wednesday. The firm has a market cap of $6.49 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.49 and a beta of 0.03. The company has a fifty day simple moving average of $22.68 and a 200 day simple moving average of $22.21. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The Campbell's Company has a 12-month low of $19.56 and a 12-month high of $34.17.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. The firm had revenue of $2.14 billion for the quarter. Campbell's had a net margin of 4.04% and a return on equity of 16.44%. The company's revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. Campbell's has set its FY 2027 guidance at 1.650-1.800 EPS. On average, equities research analysts anticipate that The Campbell's Company will post 1.71 EPS for the current fiscal year.

Campbell's Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Thursday, October 1st. Campbell's's dividend payout ratio (DPR) is 119.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CPB shares. Morgan Stanley decreased their price target on Campbell's from $23.00 to $21.00 and set an "equal weight" rating for the company in a report on Friday, June 5th. Evercore set a $22.00 target price on shares of Campbell's in a research note on Monday, August 31st. DA Davidson reaffirmed a "neutral" rating and set a $20.00 price target on shares of Campbell's in a report on Tuesday. Wall Street Zen lowered shares of Campbell's from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Jefferies Financial Group decreased their price objective on shares of Campbell's from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Thursday, September 3rd. Thirteen analysts have rated the stock with a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat, Campbell's currently has a consensus rating of "Reduce" and an average target price of $19.94.

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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