The Campbell's Company $CPB Position Lifted by MAC Alpha Capital Management LP

Key Points

• MAC Alpha Capital Management increased its Campbell’s position by 25.4% in the second quarter, bringing its holdings to 284,545 shares worth approximately $6.3 million. Institutional investors collectively own 52.35% of the company.
• Analyst sentiment remains cautious: Campbell’s has a consensus “Reduce” rating, with 12 Hold and seven Sell ratings and an average price target of $19.88, below the reported $20.69 share price.
• Campbell’s matched quarterly earnings expectations at $0.39 per share, but revenue fell 7.9% year over year. The company pays a $0.25 quarterly dividend, equivalent to a 4.8% yield, though its 119.08% payout ratio raises sustainability concerns.

MAC Alpha Capital Management LP lifted its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 25.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 284,545 shares of the company's stock after buying an additional 57,631 shares during the period. Campbell's accounts for approximately 1.3% of MAC Alpha Capital Management LP's holdings, making the stock its 12th biggest position. MAC Alpha Capital Management LP owned 0.10% of Campbell's worth $6,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Campbell's by 23.3% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company's stock valued at $228,026,000 after purchasing an additional 1,933,814 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Campbell's by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,048,098 shares of the company's stock worth $84,951,000 after purchasing an additional 93,912 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Campbell's by 190.3% in the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company's stock worth $74,715,000 after purchasing an additional 1,757,264 shares during the last quarter. First Trust Advisors LP boosted its position in Campbell's by 35.0% during the 1st quarter. First Trust Advisors LP now owns 2,820,793 shares of the company's stock valued at $62,819,000 after purchasing an additional 731,393 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Campbell's during the 1st quarter valued at approximately $61,261,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on Campbell's from $23.00 to $21.00 and set an "equal weight" rating for the company in a research note on Friday, June 5th. Evercore set a $21.00 price target on shares of Campbell's in a report on Monday, September 14th. UBS Group boosted their price target on shares of Campbell's from $18.00 to $19.00 and gave the company a "sell" rating in a report on Friday, September 4th. Wall Street Zen lowered shares of Campbell's from a "hold" rating to a "sell" rating in a research report on Saturday, September 5th. Finally, Zacks Research cut shares of Campbell's from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 9th. Twelve equities research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $19.88.

Campbell's Price Performance

Shares of CPB opened at $20.69 on Monday. The Campbell's Company has a one year low of $19.56 and a one year high of $34.17. The stock's fifty day moving average is $22.45 and its 200-day moving average is $21.89. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.43 and a beta of 0.03.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.14 billion during the quarter. Campbell's had a net margin of 4.04% and a return on equity of 16.44%. The business's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. Campbell's has set its FY 2027 guidance at 1.650-1.800 EPS. Equities analysts anticipate that The Campbell's Company will post 1.7 EPS for the current year.

Campbell's Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a $0.25 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. Campbell's's dividend payout ratio (DPR) is 119.08%.

Trending Headlines about Campbell's

Here are the key news stories impacting Campbell's this week:

• Positive Sentiment: Zacks Research raised several quarterly EPS estimates, including Q3 2027 to $0.44 from $0.43, Q4 2027 to $0.42 from $0.39, Q3 2028 to $0.47 from $0.46, and Q4 2028 to $0.46 from $0.43. These increases suggest some expectations for earnings resilience in selected periods. Zacks Research Campbell’s earnings estimates
• Neutral Sentiment: Deutsche Bank maintained its Hold rating on Campbell’s, indicating no change in its view and limited evidence of an imminent catalyst to drive a stronger revaluation. Deutsche Bank Hold rating
• Neutral Sentiment: Campbell’s extended a credit facility of approximately $1.85 billion. The agreement supports financial flexibility and refinancing capacity, although the company’s existing leverage and weak liquidity ratios remain considerations for investors. Campbell’s credit facility extension
• Negative Sentiment: Zacks Research cut its FY2027 EPS forecast to $1.71 from $1.92 and its FY2028 estimate to $1.86 from $2.07. It also reduced Q2 2027 EPS to $0.43 from $0.46 and Q2 2028 EPS to $0.44 from $0.51. Zacks retains a Strong Sell rating, reinforcing concerns about Campbell’s longer-term earnings trajectory. Zacks Research Campbell’s EPS revisions

Campbell's Company Profile

Campbell's NASDAQ: CPB is a branded food company that develops, produces and markets packaged meals, beverages and snacks. Its portfolio includes soups, sauces, pasta products, frozen meals, dips, crackers, cookies and yogurt.

The company's brands include Campbell's, Goldfish, Pepperidge Farm, V8, Prego, Pace, Swanson, Rao's, Michael Angelo's and noosa. Products are sold primarily through grocery stores, mass merchants, club stores, convenience stores, food-service distributors and e-commerce channels.

Founded in 1869 by Joseph A.

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