Sigma Planning Corp raised its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 71.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,176 shares of the company's stock after buying an additional 69,871 shares during the quarter. Sigma Planning Corp owned about 0.06% of Campbell's worth $3,745,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of CPB. Los Angeles Capital Management LLC bought a new position in shares of Campbell's during the 4th quarter worth about $29,000. Geneos Wealth Management Inc. increased its stake in Campbell's by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after acquiring an additional 750 shares during the period. Sittner & Nelson LLC acquired a new position in Campbell's in the 4th quarter valued at approximately $29,000. Ankerstar Wealth LLC acquired a new stake in Campbell's during the fourth quarter worth $29,000. Finally, IFP Advisors Inc acquired a new stake in shares of Campbell's during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 52.35% of the company's stock.
Campbell's Price Performance
Shares of CPB stock opened at $23.39 on Monday. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 11.58 and a beta of 0.02. The Campbell's Company has a 12 month low of $19.56 and a 12 month high of $34.17. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The stock has a 50-day moving average price of $22.61 and a 200 day moving average price of $22.52.
Campbell's (NASDAQ:CPB - Get Free Report) last issued its 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. The company had revenue of $2.37 billion for the quarter. Campbell's had a net margin of 6.12% and a return on equity of 18.04%. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. Research analysts expect that The Campbell's Company will post 2.18 EPS for the current year.
Analyst Ratings Changes
CPB has been the topic of several recent analyst reports. Sanford C. Bernstein reaffirmed an "underperform" rating and issued a $19.00 price target (down from $21.00) on shares of Campbell's in a research note on Tuesday, June 9th. Morgan Stanley cut their price objective on Campbell's from $23.00 to $21.00 and set an "equal weight" rating for the company in a research report on Friday, June 5th. Bank of America lowered their target price on Campbell's from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Tuesday, June 9th. TD Cowen upped their price target on shares of Campbell's from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Wednesday, August 19th. Finally, UBS Group raised their price objective on shares of Campbell's from $17.00 to $18.00 and gave the company a "sell" rating in a research report on Thursday, August 20th. Twelve equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $20.33.
Read Our Latest Research Report on Campbell's
Campbell's Profile
(
Free Report)
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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