Dimensional Fund Advisors LP Has $159.28 Million Stock Holdings in The Campbell's Company $CPB

Key Points

• Dimensional Fund Advisors LP reduced its stake in Campbell's Company ($CPB) by 1.0% during the first quarter, holding approximately 1.34% of the company after selling over 40,000 shares.
• Several brokerages have provided mixed ratings on Campbell's stock, with a target price range between $34.00 and $38.67, indicating a cautious outlook among analysts.
• Campbell's reported earnings of $0.73 per share for the last quarter, beating estimates and marking a year-over-year revenue increase of 4.5%, with set guidance for FY 2025 at $2.950 EPS.

Dimensional Fund Advisors LP cut its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,990,116 shares of the company's stock after selling 40,511 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.34% of Campbell's worth $159,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its position in Campbell's by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after buying an additional 637 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Campbell's in the 1st quarter valued at about $31,000. Riverview Trust Co bought a new stake in shares of Campbell's in the 1st quarter valued at about $46,000. Banque Cantonale Vaudoise bought a new stake in shares of Campbell's in the 1st quarter valued at about $47,000. Finally, Curat Global LLC bought a new stake in shares of Campbell's in the 1st quarter valued at about $58,000. 52.35% of the stock is owned by institutional investors.

Campbell's Price Performance

Shares of NASDAQ CPB traded up $0.57 during trading hours on Friday, hitting $33.14. 5,113,223 shares of the stock were exchanged, compared to its average volume of 4,878,585. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The company has a market cap of $9.88 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 10.80 and a beta of 0.08. The company's fifty day simple moving average is $31.86 and its two-hundred day simple moving average is $35.39. The Campbell's Company has a 1-year low of $29.39 and a 1-year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Campbell's has set its FY 2025 guidance at 2.950-2.950 EPS. On average, sell-side analysts predict that The Campbell's Company will post 3.15 EPS for the current year.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of research analyst reports. Piper Sandler reaffirmed a "neutral" rating and issued a $34.00 target price (down from $35.00) on shares of Campbell's in a report on Thursday, August 7th. Royal Bank Of Canada dropped their target price 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. Bank of America dropped their target price on shares of Campbell's from $33.00 to $29.00 and set an "underperform" rating on the stock in a report on Tuesday, August 19th. Argus cut shares of Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Finally, Citigroup dropped their target price on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a report on Tuesday, June 3rd. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $38.44.

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.