Free Trial

Sumitomo Mitsui Trust Group Inc. Has $22.60 Million Stock Position in The Campbell's Company (NASDAQ:CPB)

Campbell's logo with Consumer Staples background

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 9.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,031 shares of the company's stock after buying an additional 46,866 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Campbell's worth $22,596,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. NBC Securities Inc. bought a new position in shares of Campbell's in the first quarter valued at about $31,000. Physician Wealth Advisors Inc. bought a new position in shares of Campbell's in the fourth quarter valued at about $47,000. Riverview Trust Co bought a new position in shares of Campbell's in the first quarter valued at about $46,000. NewSquare Capital LLC bought a new position in shares of Campbell's in the fourth quarter valued at about $51,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Campbell's in the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Stock Down 2.4%

Shares of NASDAQ:CPB opened at $31.18 on Friday. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 9.32 and a beta of 0.08. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The Campbell's Company has a 12-month low of $30.47 and a 12-month high of $52.81. The business's 50 day moving average is $33.88 and its 200 day moving average is $37.41.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business's revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.00%. Campbell's's payout ratio is 103.31%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CPB. Citigroup cut their price target on Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a report on Tuesday, June 3rd. Jefferies Financial Group cut their price target on Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Argus cut Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Evercore ISI dropped 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. Finally, Piper Sandler dropped their price objective on Campbell's from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $40.11.

Get Our Latest Stock Analysis 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.

Featured Articles

Institutional Ownership by Quarter for Campbell's (NASDAQ:CPB)

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.

Should You Invest $1,000 in Campbell's Right Now?

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

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines