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 trimmed its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 7.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,881 shares of the company's stock after selling 14,999 shares during the quarter. AQR Capital Management LLC owned about 0.06% of Campbell's worth $7,301,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CPB. Manchester Capital Management LLC boosted its position in shares of Campbell's by 923.2% during the first 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 Campbell's during the first quarter worth $31,000. Riverview Trust Co purchased a new stake in Campbell's during the first quarter worth $46,000. Banque Cantonale Vaudoise purchased a new stake in Campbell's during the first quarter worth $47,000. Finally, Curat Global LLC acquired a new position in shares of Campbell's during the first quarter worth $58,000. 52.35% of the stock is owned by institutional investors.

Campbell's Price Performance

CPB stock traded down $0.63 during trading on Wednesday, hitting $32.93. The stock had a trading volume of 5,297,228 shares, compared to its average volume of 7,145,461. The stock has a market capitalization of $9.82 billion, a P/E ratio of 16.47, a PEG ratio of 11.66 and a beta of 0.05. The company's 50-day moving average price is $32.37 and its two-hundred day moving average price is $34.64. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $51.91. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.33.

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

Campbell's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.7%. Campbell's's payout ratio is currently 78.00%.

Analysts Set New Price Targets

CPB has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. Citigroup cut their target price 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. Argus downgraded Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Cowen reissued a "hold" rating on shares of Campbell's in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein upped their target price on Campbell's from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently 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.