TCV Trust & Wealth Management Inc. Buys Shares of 18,519 The Campbell's Company $CPB

Key Points

• TCV Trust & Wealth Management Inc. invested $568,000 in The Campbell's Company ($CPB), purchasing 18,519 shares during the second quarter.
• The company's quarterly earnings beat analyst estimates, reporting $0.62 EPS compared to the expected $0.57, with a revenue of $2.32 billion.
• Campbell's declared a quarterly dividend of $0.39, resulting in an annualized dividend of $1.56, representing a yield of 4.6%.

TCV Trust & Wealth Management Inc. purchased a new stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 18,519 shares of the company's stock, valued at approximately $568,000.

Several other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in Campbell's by 85.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 24,807 shares of the company's stock valued at $775,000 after purchasing an additional 11,441 shares during the last quarter. Wedmont Private Capital purchased a new stake in Campbell's during the 2nd quarter valued at about $225,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Campbell's by 1.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,278 shares of the company's stock valued at $959,000 after purchasing an additional 590 shares during the last quarter. Czech National Bank grew its stake in Campbell's by 6.5% during the 2nd quarter. Czech National Bank now owns 48,104 shares of the company's stock valued at $1,474,000 after purchasing an additional 2,943 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Campbell's by 277.9% during the 2nd quarter. Parallel Advisors LLC now owns 4,044 shares of the company's stock valued at $124,000 after purchasing an additional 2,974 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CPB shares. Morgan Stanley boosted 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. Bank of America upped their target price on Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a research note on Thursday, September 4th. DA Davidson lowered their target price on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Evercore ISI lowered their target price on Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a research note on Thursday, May 29th. Finally, UBS Group lowered their target price on Campbell's from $33.00 to $30.00 and set a "sell" rating on the stock in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $34.71.

Campbell's Price Performance

NASDAQ CPB traded up $0.34 during trading hours on Tuesday, reaching $33.58. The company's stock had a trading volume of 1,265,929 shares, compared to its average volume of 4,551,411. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 11.62 and a beta of 0.05. The Campbell's Company has a 1-year low of $29.39 and a 1-year high of $50.29. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The company's 50-day moving average is $32.52 and its two-hundred day moving average is $34.41.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly 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. The company had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.33 billion. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.Campbell's's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.08 EPS. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. On average, equities analysts predict that The Campbell's Company will post 3.15 EPS for the current 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. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.6%. Campbell's's dividend payout ratio is presently 78.00%.

Campbell's Company 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.