The Campbell's Company $CPB Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in The Campbell's Company by 7.6%, selling 14,999 shares in the first quarter, and now holds approximately 182,881 shares valued at $7.3 million.
• Campbell's Company reported earnings of $0.62 per share for the last quarter, exceeding estimates, with revenue reaching $2.32 billion, slightly below analyst expectations.
• The company is currently experiencing a mix of analyst ratings, with some upgrades and downgrades, leading to a consensus target price of $36.06 and a "Reduce" rating overall.

AQR Capital Management LLC lessened its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,881 shares of the company's stock after selling 14,999 shares during the period. AQR Capital Management LLC owned about 0.06% of Campbell's worth $7,301,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. World Investment Advisors bought a new position in Campbell's in the 1st quarter worth about $410,000. Teacher Retirement System of Texas bought a new position in shares of Campbell's in the first quarter worth $1,131,000. KBC Group NV grew its stake in shares of Campbell's by 182.0% in the first quarter. KBC Group NV now owns 498,216 shares of the company's stock worth $19,889,000 after purchasing an additional 321,520 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Campbell's by 13.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock valued at $1,027,000 after purchasing an additional 3,010 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Campbell's by 24.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock valued at $534,000 after acquiring an additional 2,614 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell's Stock Up 0.8%

Shares of NASDAQ CPB opened at $33.76 on Friday. The firm's 50-day moving average is $32.19 and its 200-day moving average is $34.84. The company has a current ratio of 0.77, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $10.06 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 11.64 and a beta of 0.05. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.19.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (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 business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company earned $3.08 EPS. The firm's 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. Equities analysts expect that The Campbell's Company will post 3.15 EPS for the current year.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Bank of America lifted their price objective on shares of Campbell's from $29.00 to $30.00 and gave the company an "underperform" rating in a research note on Thursday, September 4th. Citigroup decreased their price objective on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a report on Tuesday, June 3rd. TD Cowen raised their price target on shares of Campbell's from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, September 4th. Finally, Jefferies Financial Group dropped their price objective on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Campbell's has a consensus rating of "Reduce" and a consensus target price of $36.06.

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.

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Campbell's Company (NASDAQ:CPB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.