Russell Investments Group Ltd. Increases Holdings in The Campbell's Company $CPB

Key Points

• Russell Investments Group Ltd. increased its stake in The Campbell's Company by 31.4% in Q1, owning 171,148 shares worth approximately $6.83 million.
• Campbell's reported $0.73 earnings per share for the quarter, exceeding expectations of $0.65, with revenue rising 4.5% year-over-year.
• Analyst ratings show a mix of positions, with three analysts rating it as a Buy and a prevailing average rating of "Reduce" and a price target of $38.44.

Russell Investments Group Ltd. lifted its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 31.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,148 shares of the company's stock after buying an additional 40,922 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Campbell's worth $6,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors bought a new position in shares of Campbell's during the 1st quarter worth $410,000. Teacher Retirement System of Texas bought a new position in shares of Campbell's during the 1st quarter worth $1,131,000. KBC Group NV grew its position in shares of Campbell's by 182.0% during the 1st quarter. KBC Group NV now owns 498,216 shares of the company's stock worth $19,889,000 after buying an additional 321,520 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Campbell's by 13.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock worth $1,027,000 after buying an additional 3,010 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Campbell's by 24.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock worth $534,000 after buying an additional 2,614 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell's Stock Up 1.8%

NASDAQ CPB traded up $0.57 during trading on Friday, hitting $33.14. The company's stock had a trading volume of 5,113,223 shares, compared to its average volume of 4,878,585. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. The company has a market cap of $9.88 billion, a PE ratio of 21.95, a P/E/G ratio of 10.80 and a beta of 0.08. The business's 50 day simple moving average is $31.86 and its 200-day simple moving average is $35.39. The Campbell's Company has a fifty-two week low of $29.39 and a fifty-two week high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share 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 return on equity of 23.22% and a net margin of 4.44%.The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. Campbell's has set its FY 2025 guidance at 2.950-2.950 EPS. On average, equities analysts anticipate that The Campbell's Company will post 3.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CPB. Citigroup dropped their price target on Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a research report on Tuesday, June 3rd. DA Davidson cut their target price on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Stephens cut their target price on Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Morgan Stanley cut their target price on Campbell's from $35.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Finally, Royal Bank Of Canada cut their target price on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Tuesday, June 3rd. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $38.44.

Campbell's 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.