The Campbell's Company $CPB Position Raised by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has increased its stake in The Campbell's Company (NASDAQ:CPB) by 19.1% during the first quarter, now owning 606,345 shares valued at approximately $24.2 million.
• Analysts have set a consensus target price of $38.44 for Campbell's stock, with three recommending a Buy and twelve rating it as Hold.
• Campbell's reported a quarterly earnings per share (EPS) of $0.73, surpassing expectations, with revenues up 4.5% from the previous year.

Raymond James Financial Inc. raised its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 606,345 shares of the company's stock after buying an additional 97,451 shares during the period. Raymond James Financial Inc. owned approximately 0.20% of Campbell's worth $24,205,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CPB. Nuveen LLC purchased a new position in shares of Campbell's during the 1st quarter valued at $65,588,000. Two Sigma Advisers LP boosted its holdings in Campbell's by 272.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock worth $93,949,000 after purchasing an additional 1,641,400 shares in the last quarter. Man Group plc boosted its holdings in Campbell's by 1,296.1% in the fourth quarter. Man Group plc now owns 1,407,161 shares of the company's stock worth $58,932,000 after purchasing an additional 1,306,372 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in Campbell's in the fourth quarter worth $48,468,000. Finally, Two Sigma Investments LP boosted its holdings in Campbell's by 119.2% in the fourth quarter. Two Sigma Investments LP now owns 1,998,756 shares of the company's stock worth $83,708,000 after purchasing an additional 1,086,856 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CPB shares. Evercore ISI decreased their price target on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. Piper Sandler restated a "neutral" rating and set a $34.00 price target (down from $35.00) on shares of Campbell's in a report on Thursday, August 7th. Argus cut shares of Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Barclays decreased their price target on shares of Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Finally, Wells Fargo & Company decreased their price target on shares of Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, July 9th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Campbell's presently has a consensus rating of "Reduce" and a consensus target price of $38.44.

Campbell's Stock Down 1.9%

Shares of CPB stock opened at $32.52 on Tuesday. The firm has a market capitalization of $9.70 billion, a P/E ratio of 21.54, a PEG ratio of 10.80 and a beta of 0.08. The firm's fifty day moving average price is $31.86 and its two-hundred day moving average price is $35.34. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57.

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

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