The Campbell's Company $CPB Shares Acquired by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in The Campbell's Company by 148.8% during the 2nd quarter, now holding 20,063 shares valued at $615,000.
• Campbell's reported a quarterly EPS of $0.62, exceeding estimates of $0.57, with revenue reaching $2.32 billion.
• The company announced a quarterly dividend of $0.39, representing an annualized yield of 4.6% and a payout ratio of 78%.

GAMMA Investing LLC grew its stake in The Campbell's Company (NASDAQ:CPB - Free Report) by 148.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,063 shares of the company's stock after buying an additional 11,999 shares during the quarter. GAMMA Investing LLC's holdings in Campbell's were worth $615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Campbell's by 22.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company's stock valued at $64,000 after buying an additional 384 shares during the period. UMB Bank n.a. lifted its holdings in shares of Campbell's by 35.3% in the 2nd quarter. UMB Bank n.a. now owns 2,196 shares of the company's stock valued at $67,000 after buying an additional 573 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Campbell's by 7.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 15,076 shares of the company's stock valued at $462,000 after buying an additional 1,077 shares during the period. TCV Trust & Wealth Management Inc. acquired a new position in shares of Campbell's in the 2nd quarter valued at about $568,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Campbell's by 85.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 24,807 shares of the company's stock valued at $775,000 after buying an additional 11,441 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Price Performance

NASDAQ:CPB opened at $33.73 on Thursday. The Campbell's Company has a 12 month low of $29.39 and a 12 month high of $49.98. The stock has a 50 day moving average of $32.65 and a two-hundred day moving average of $34.40. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The firm has a market cap of $10.05 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 11.73 and a beta of 0.05.

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

Campbell's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be given a $0.39 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.6%. Campbell's's dividend payout ratio is 78.00%.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Campbell's from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Evercore ISI reduced their price target on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. Sanford C. Bernstein upped their price target on Campbell's from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Barclays reduced their price target on Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Finally, Bank of America upped their price target on Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a report on Thursday, September 4th. Three research 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. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $34.71.

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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