The Campbell's Company $CPB Shares Sold by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in The Campbell's Company (CPB) by 6.0%, holding $13.02 million in the stock after selling 20,707 shares in Q1.
• Recent quarterly earnings revealed a EPS of $0.62, surpassing analyst expectations, with revenue increasing 1.2% year-over-year, despite reporting net revenue slightly below estimates.
• Analysts are divided on the stock, with price targets decreasing significantly; the consensus rating for Campbell's is "Reduce" with a target price of $36.06.

Swedbank AB trimmed its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 326,078 shares of the company's stock after selling 20,707 shares during the quarter. Swedbank AB owned about 0.11% of Campbell's worth $13,017,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. World Investment Advisors purchased a new stake in shares of Campbell's during the first quarter valued at about $410,000. Teacher Retirement System of Texas purchased a new stake in shares of Campbell's during the first quarter valued at about $1,131,000. KBC Group NV lifted its position in shares of Campbell's by 182.0% during the first 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Campbell's by 13.2% during the first 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Campbell's by 24.3% during the first 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 during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CPB. Stifel Nicolaus cut their price objective on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Royal Bank Of Canada cut their price objective on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a report on Tuesday, June 3rd. JPMorgan Chase & Co. began coverage on shares of Campbell's in a report on Wednesday, August 20th. They set a "neutral" rating and a $33.00 price objective on the stock. DA Davidson cut their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Finally, Stephens cut their price objective on shares of Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $36.06.

Campbell's Stock Performance

NASDAQ:CPB traded down $0.14 during midday trading on Friday, hitting $33.43. The company's stock had a trading volume of 14,259,852 shares, compared to its average volume of 7,164,762. The Campbell's Company has a fifty-two week low of $29.39 and a fifty-two week high of $51.74. The firm's 50 day moving average is $32.47 and its 200-day moving average is $34.54. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.33. The firm has a market cap of $9.97 billion, a P/E ratio of 16.72, a P/E/G ratio of 11.66 and a beta of 0.05.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Campbell's had a net margin of 5.87% and a return on equity of 22.95%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the company earned $3.08 EPS. Campbell's's quarterly revenue was up 1.2% on a year-over-year basis. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Equities analysts anticipate that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Dividend Announcement

The firm 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 annualized dividend and a yield of 4.7%. The ex-dividend date is Thursday, October 2nd. Campbell's's dividend payout ratio is 78.00%.

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.