Simplicity Wealth LLC acquired a new position in The Campbell's Company (NASDAQ:CPB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,860 shares of the company's stock, valued at approximately $547,000.
Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors bought a new position in shares of Campbell's in the 1st quarter worth about $410,000. Teacher Retirement System of Texas bought a new position in shares of Campbell's in the 1st quarter worth about $1,131,000. Wealth Enhancement Advisory Services LLC increased its position in Campbell's by 24.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock valued at $534,000 after buying an additional 2,614 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Campbell's by 13.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock valued at $1,027,000 after buying an additional 3,010 shares in the last quarter. Finally, KBC Group NV increased its position in Campbell's by 182.0% in the 1st quarter. KBC Group NV now owns 498,216 shares of the company's stock valued at $19,889,000 after buying an additional 321,520 shares in the last quarter. 52.35% of the stock is owned by institutional investors.
Campbell's Price Performance
Shares of NASDAQ CPB opened at $31.11 on Wednesday. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $49.11. The stock's 50 day moving average price is $32.56 and its 200-day moving average price is $33.91. The company has a market capitalization of $9.27 billion, a PE ratio of 15.56, a PEG ratio of 10.87 and a beta of 0.02. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56.
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. 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 the consensus estimate of $2.33 billion. During the same quarter in the previous year, the business earned $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. On average, equities analysts anticipate that The Campbell's Company will post 3.15 EPS for the current year.
Campbell's Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 2nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Campbell's's payout ratio is 78.00%.
Wall Street Analyst Weigh In
CPB has been the subject of a number of research analyst reports. Piper Sandler reaffirmed 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. Morgan Stanley lifted their price target on Campbell's from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. assumed coverage on Campbell's in a research note on Wednesday, August 20th. They set a "neutral" rating and a $33.00 price target for the company. Argus downgraded Campbell's from a "buy" rating to a "hold" rating in a research note on Friday, June 20th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Campbell's in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $34.82.
Check Out Our Latest Research Report on CPB
Campbell's Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Campbell's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Campbell's wasn't on the list.
While Campbell's currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
