The Campbell's Company $CPB Shares Sold by Swedbank AB

Swedbank AB lessened its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 35.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,872 shares of the company's stock after selling 117,206 shares during the period. Swedbank AB owned approximately 0.07% of Campbell's worth $6,402,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CPB. Manchester Capital Management LLC increased its stake in Campbell's by 923.2% during the 1st 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. acquired a new position in Campbell's during the 1st quarter valued at about $31,000. Geneos Wealth Management Inc. increased its stake in Campbell's by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after buying an additional 750 shares during the period. Riverview Trust Co acquired a new position in Campbell's during the 1st quarter valued at about $46,000. Finally, Banque Cantonale Vaudoise acquired a new position in Campbell's during the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Wall Street Analysts Forecast Growth

CPB has been the subject of several recent analyst reports. Piper Sandler reiterated a "neutral" rating and issued a $34.00 target price (down from $35.00) on shares of Campbell's in a report on Thursday, August 7th. Royal Bank Of Canada decreased their price target on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a report on Tuesday, June 3rd. Barclays decreased their price target on shares of Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Monday, July 14th. DA Davidson decreased their price target on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Campbell's in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $33.00 price target on the stock. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $34.71.

Campbell's Trading Down 0.4%

Shares of Campbell's stock opened at $33.43 on Monday. 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 company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 11.62 and a beta of 0.05. The business has a fifty day simple moving average of $32.47 and a two-hundred day simple moving average of $34.47. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $51.74.

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 analysts' consensus estimates of $0.57 by $0.05. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.The company had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter last year, the business earned $3.08 earnings per share. Campbell's'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. Research analysts forecast that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Announces Dividend

The company 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 payout ratio is currently 78.00%.

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.