Ieq Capital LLC Decreases Stock Holdings in The Campbell's Company $CPB

Key Points

• Ieq Capital LLC significantly reduced its stake in The Campbell's Company by 60.6%, resulting in ownership of 5,968 shares valued at $238,000.
• In the latest quarterly earnings report, Campbell's posted $0.62 EPS, exceeding analysts' expectations of $0.57 EPS, with a revenue of $2.32 billion.
• Multiple research analysts have downgraded Campbell's stock price targets, with Deutsche Bank lowering theirs from $43.00 to $39.00 and setting a "hold" rating.

Ieq Capital LLC trimmed its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 60.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,968 shares of the company's stock after selling 9,177 shares during the period. Ieq Capital LLC's holdings in Campbell's were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CPB. BNP Paribas Financial Markets grew its position in shares of Campbell's by 20.1% in the 4th quarter. BNP Paribas Financial Markets now owns 399,899 shares of the company's stock valued at $16,748,000 after buying an additional 67,044 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Campbell's by 18.0% in the 4th quarter. Captrust Financial Advisors now owns 17,619 shares of the company's stock valued at $737,000 after buying an additional 2,690 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of Campbell's by 16.9% in the 4th quarter. CoreCap Advisors LLC now owns 15,907 shares of the company's stock valued at $666,000 after buying an additional 2,303 shares during the last quarter. Deutsche Bank AG grew its position in shares of Campbell's by 56.9% in the 4th quarter. Deutsche Bank AG now owns 2,662,547 shares of the company's stock valued at $111,507,000 after buying an additional 966,044 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in shares of Campbell's by 4.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,056,937 shares of the company's stock valued at $86,145,000 after buying an additional 96,355 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of recent 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 research report on Thursday, August 7th. Stifel Nicolaus dropped their price objective on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Evercore ISI dropped their price objective on shares of 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. Wells Fargo & Company dropped their price objective on shares of Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 9th. Finally, Jefferies Financial Group dropped their price objective on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Campbell's currently has an average rating of "Reduce" and a consensus target price of $36.06.

Campbell's Stock Performance

Shares of NASDAQ:CPB traded down $0.53 during midday trading on Friday, hitting $33.23. The stock had a trading volume of 4,239,845 shares, compared to its average volume of 7,169,716. The company has a market capitalization of $9.91 billion, a PE ratio of 16.62, a P/E/G ratio of 11.73 and a beta of 0.05. The stock has a 50 day moving average price of $32.23 and a two-hundred day moving average price of $34.79. The company has a current ratio of 0.77, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.19.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its earnings results 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 business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Campbell's had a net margin of 5.87% and a return on equity of 22.95%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous 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, equities analysts predict that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

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.