The Campbell's Company $CPB Holdings Raised by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. increased its stake in The Campbell's Company by 123.2% in Q2, owning 15,000 shares valued at approximately $460,000.
• The company's recent quarterly earnings reported $0.62 per share, exceeding estimates by $0.05, along with revenue of $2.32 billion.
• Campbell's announced a quarterly dividend of $0.39 per share, translating to an annualized dividend yield of 5.1%.

Praxis Investment Management Inc. grew its stake in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 123.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the company's stock after purchasing an additional 8,280 shares during the period. Praxis Investment Management Inc.'s holdings in Campbell's were worth $460,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Campbell's during the second quarter valued at $25,000. Manchester Capital Management LLC lifted its holdings in shares of Campbell's by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after purchasing an additional 637 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Campbell's by 77.3% during the second quarter. ORG Partners LLC now owns 906 shares of the company's stock valued at $29,000 after purchasing an additional 395 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Campbell's by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after purchasing an additional 750 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Campbell's in the 1st quarter worth about $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Price Performance

Shares of CPB opened at $30.86 on Friday. The firm has a market cap of $9.19 billion, a PE ratio of 15.43, a PEG ratio of 10.72 and a beta of 0.02. The firm's 50 day moving average price is $32.23 and its 200 day moving average price is $33.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $48.68.

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

Campbell's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.1%. Campbell's's dividend payout ratio is currently 78.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Campbell's from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 25th. Stifel Nicolaus reduced their price objective on Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. TD Cowen increased their price objective on Campbell's from $29.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. assumed coverage on Campbell's in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $33.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Campbell's from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $34.82.

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.

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