TD Asset Management Inc Sells 84,170 Shares of The Campbell's Company $CPB

Key Points

• TD Asset Management Inc reduced its stake in The Campbell's Company by 8.7%, selling 84,170 shares during the second quarter, leaving them with a total of 881,247 shares valued at approximately $27 million.
• Campbell's recently reported earnings of $0.62 per share, surpassing analysts' estimates, and had revenue of $2.32 billion for the quarter, reflecting a 1.2% year-over-year increase.
• The company declared a quarterly dividend of $0.39 per share, which will be paid on November 3rd, representing an annual dividend of $1.56 at a yield of 5.1%.

TD Asset Management Inc reduced its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 881,247 shares of the company's stock after selling 84,170 shares during the quarter. TD Asset Management Inc owned 0.30% of Campbell's worth $27,010,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its stake in shares of Campbell's by 1.8% in the 2nd quarter. Yousif Capital Management LLC now owns 27,934 shares of the company's stock valued at $856,000 after purchasing an additional 497 shares during the period. CWM LLC raised its position in Campbell's by 20.9% in the 2nd quarter. CWM LLC now owns 10,281 shares of the company's stock valued at $315,000 after buying an additional 1,778 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Campbell's by 26.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,192 shares of the company's stock valued at $1,263,000 after buying an additional 8,509 shares during the last quarter. Inspire Investing LLC lifted its stake in Campbell's by 16.8% in the 2nd quarter. Inspire Investing LLC now owns 9,150 shares of the company's stock valued at $280,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Aberdeen Group plc boosted its position in Campbell's by 10.5% during the 2nd quarter. Aberdeen Group plc now owns 157,745 shares of the company's stock worth $4,810,000 after acquiring an additional 14,925 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Argus downgraded shares of Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Sanford C. Bernstein lifted their price target on shares of Campbell's from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Wells Fargo & Company increased their price objective 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, September 25th. Zacks Research upgraded Campbell's from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Finally, Morgan Stanley upped their target price on Campbell's from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $34.82.

Campbell's Stock Performance

Shares of CPB opened at $30.86 on Friday. The company has a market cap of $9.19 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 10.67 and a beta of 0.02. The firm has a 50-day moving average of $32.23 and a 200-day moving average of $33.46. The Campbell's Company has a one year low of $29.39 and a one year high of $48.68. 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 issued its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.33 billion. During the same period in the prior year, the firm earned $3.08 EPS. Campbell's's quarterly 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. As a group, equities analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current year.

Campbell's Announces Dividend

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 paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Thursday, October 2nd. Campbell's's dividend payout ratio is 78.00%.

About Campbell's

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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