Swedbank AB Cuts Holdings in The Campbell's Company $CPB

Key Points

• Swedbank AB reduced its stake in The Campbell's Company by 35.9%, selling 117,206 shares to hold approximately 0.07% of the company, valued at $6,402,000.
• Analysts have cut their price targets for Campbell's stock, with the current average price target at $34.71 and a consensus rating of "Reduce."
• The company recently reported a quarterly earnings of $0.62 EPS, exceeding expectations, along with announcing a quarterly dividend of $0.39 per share to be paid on November 3rd.

Swedbank AB trimmed its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 35.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,872 shares of the company's stock after selling 117,206 shares during the period. Swedbank AB owned about 0.07% of Campbell's worth $6,402,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Manchester Capital Management LLC raised its stake in shares of Campbell's by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after buying an additional 637 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Campbell's during the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. grew its holdings in shares of Campbell's by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after acquiring an additional 750 shares during the period. Riverview Trust Co acquired a new stake in shares of Campbell's in the 1st quarter worth approximately $46,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Campbell's in the 1st quarter worth approximately $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Price Performance

NASDAQ:CPB traded down $0.19 during trading hours on Monday, reaching $33.24. 5,079,097 shares of the company traded hands, compared to its average volume of 7,622,102. The Campbell's Company has a 1-year low of $29.39 and a 1-year high of $51.01. The firm's 50-day moving average is $32.52 and its 200-day moving average is $34.41. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The stock has a market cap of $9.91 billion, a P/E ratio of 16.62, a P/E/G ratio of 11.62 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 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 analysts' expectations of $2.33 billion. During the same quarter last year, the firm earned $3.08 earnings per share. The business'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 research analysts expect that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.

Campbell's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.7%. Campbell's's dividend payout ratio (DPR) is 78.00%.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of research reports. DA Davidson lowered their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. 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. Piper Sandler restated a "neutral" rating and issued a $34.00 price target (down previously from $35.00) on shares of Campbell's in a report on Thursday, August 7th. 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. Finally, Stifel Nicolaus lowered their price target on Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $34.71.

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.