The Campbell's Company $CPB Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in The Campbell's Company (NASDAQ: CPB) by 150.3% during the first quarter, acquiring a total of 15,734 shares valued at $632,000.
• Several analysts have downgraded their price targets for Campbell's, with the average target now at $38.44, while the stock is rated as "Hold" by most analysts.
• Campbell's reported an EPS of $0.73 in its latest earnings, surpassing estimates and showing a 4.5% year-over-year revenue increase to $2.48 billion.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 150.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,734 shares of the company's stock after purchasing an additional 9,449 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Campbell's were worth $632,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CPB shares. Piper Sandler reaffirmed a "neutral" rating and issued a $34.00 price target (down previously from $35.00) on shares of Campbell's in a research report on Thursday, August 7th. Stifel Nicolaus reduced their target price on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Morgan Stanley decreased their price target on shares of Campbell's from $35.00 to $32.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Argus downgraded shares of Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Finally, Wells Fargo & Company reduced 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 report on Wednesday, July 9th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $38.44.

Campbell's Stock Up 1.8%

CPB stock opened at $33.14 on Friday. The stock has a market cap of $9.88 billion, a P/E ratio of 21.95, a PEG ratio of 10.80 and a beta of 0.08. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $52.81. The company's 50 day moving average is $31.86 and its two-hundred day moving average is $35.39.

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

Campbell's Company 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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