The Campbell's Company $CPB Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in The Campbell's Company (NASDAQ:CPB) by 46.9%, selling 15,575 shares, resulting in a total of 17,650 shares valued at $705,000.
• The company reported an EPS of $0.73 for the last quarter, exceeding analysts' expectations of $0.65, with a revenue increase of 4.5% year-over-year.
• Recent analyst ratings show a consensus of 12 hold ratings, 3 buy ratings, and 5 sell ratings, with a revised average price target of $38.11.

Jump Financial LLC lessened its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 46.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,650 shares of the company's stock after selling 15,575 shares during the quarter. Jump Financial LLC's holdings in Campbell's were worth $705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norinchukin Bank The increased its holdings in shares of Campbell's by 14.3% in the 1st quarter. Norinchukin Bank The now owns 9,697 shares of the company's stock valued at $387,000 after acquiring an additional 1,212 shares during the period. Credit Agricole S A grew its position in Campbell's by 5.4% during the 1st quarter. Credit Agricole S A now owns 72,083 shares of the company's stock worth $2,878,000 after purchasing an additional 3,685 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Campbell's by 150.3% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 15,734 shares of the company's stock valued at $632,000 after purchasing an additional 9,449 shares during the period. Quantbot Technologies LP increased its stake in Campbell's by 301.1% in the first quarter. Quantbot Technologies LP now owns 226,338 shares of the company's stock valued at $9,035,000 after purchasing an additional 169,908 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Campbell's by 26.2% in the first quarter. Wellington Management Group LLP now owns 48,600 shares of the company's stock valued at $1,940,000 after buying an additional 10,083 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CPB. UBS Group lowered their price target on Campbell's from $33.00 to $30.00 and set a "sell" rating on the stock in a report on Friday, August 29th. Sanford C. Bernstein lifted their target price on Campbell's from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday. Jefferies Financial Group dropped their target price on Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Stephens decreased their price target on Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Finally, Morgan Stanley lowered their price objective on shares of Campbell's from $35.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, Campbell's currently has a consensus rating of "Reduce" and an average price target of $36.00.

Campbell's Trading Down 2.9%

Shares of NASDAQ CPB traded down $0.97 on Thursday, reaching $32.76. 3,273,240 shares of the company traded hands, compared to its average volume of 4,415,289. The stock has a market capitalization of $9.77 billion, a PE ratio of 21.71, a P/E/G ratio of 10.41 and a beta of 0.05. The Campbell's Company has a fifty-two week low of $29.39 and a fifty-two week high of $52.81. 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 company has a 50 day moving average of $31.90 and a 200 day moving average of $35.09.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results 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 net margin of 4.44% and a return on equity of 23.22%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the business posted $3.08 earnings per share. Campbell's's revenue for the quarter was up 1.2% compared to the same quarter last year. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. On average, equities research analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

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.