Spirepoint Private Client LLC Makes New Investment in The Campbell's Company $CPB

Key Points

• Spirepoint Private Client LLC has made a new investment in The Campbell's Company, purchasing 28,612 shares valued at approximately $877,000 during the 2nd quarter.
• The company reported $0.62 earnings per share for the most recent quarter, exceeding analysts' estimates of $0.57, while also declaring a quarterly dividend of $0.39 per share.
• Institutional investors and hedge funds collectively own 52.35% of Campbell's stock, reflecting significant interest from major financial players.

Spirepoint Private Client LLC purchased a new position in The Campbell's Company (NASDAQ:CPB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 28,612 shares of the company's stock, valued at approximately $877,000.

A number of other hedge funds have also made changes to their positions in the stock. Vident Advisory LLC grew its holdings in shares of Campbell's by 27.5% during the 4th quarter. Vident Advisory LLC now owns 6,065 shares of the company's stock valued at $254,000 after acquiring an additional 1,307 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Campbell's in the 4th quarter valued at about $10,462,000. Siemens Fonds Invest GmbH acquired a new stake in Campbell's during the 4th quarter valued at $135,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Campbell's by 25.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,752 shares of the company's stock worth $450,000 after acquiring an additional 2,156 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Campbell's by 53.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,562 shares of the company's stock valued at $62,000 after acquiring an additional 541 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Price Performance

Shares of NASDAQ CPB opened at $32.08 on Friday. The Campbell's Company has a 1-year low of $29.39 and a 1-year high of $49.71. The stock has a fifty day moving average price of $32.69 and a 200 day moving average price of $34.28. The company has a market cap of $9.56 billion, a PE ratio of 16.04, a P/E/G ratio of 11.19 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 0.28.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Campbell's had a net margin of 5.87% and a return on equity of 22.95%. Campbell's's revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $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 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. Stockholders of record on Thursday, October 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.9%. Campbell's's dividend payout ratio is 78.00%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Cowen restated a "hold" rating on shares of Campbell's in a research report on Thursday, September 4th. Morgan Stanley raised their target price on shares of Campbell's from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. Wells Fargo & Company upped their target price on shares of Campbell's from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Thursday. Bank of America increased their price objective on shares of Campbell's from $29.00 to $30.00 and gave the company an "underperform" rating in a research report on Thursday, September 4th. Finally, Barclays reduced their price target on Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $34.82.

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.

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