UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 15,295 Shares of The Campbell's Company $CPB

Key Points

• UBS Asset Management reduced its stake in The Campbell's Company by 0.8%, now holding approximately 1.79 million shares worth $71.6 million.
• Campbell's reported a quarterly EPS of $0.62, exceeding estimates, while its revenue reached $2.32 billion, slightly below projections.
• Analyst ratings for Campbell's stock show a consensus of "Reduce" with an average price target of $36.06, reflecting mixed investor sentiment.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 0.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,793,875 shares of the company's stock after selling 15,295 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.60% of Campbell's worth $71,611,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Captrust Financial Advisors grew its holdings in Campbell's by 18.0% in the fourth quarter. Captrust Financial Advisors now owns 17,619 shares of the company's stock valued at $737,000 after purchasing an additional 2,690 shares during the period. Focus Partners Wealth purchased a new stake in shares of Campbell's in the 4th quarter valued at about $538,000. Gotham Asset Management LLC raised its stake in Campbell's by 177.6% during the 4th quarter. Gotham Asset Management LLC now owns 15,728 shares of the company's stock valued at $659,000 after acquiring an additional 10,062 shares during the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of Campbell's by 20.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,162 shares of the company's stock worth $342,000 after acquiring an additional 1,361 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Campbell's by 46.6% during the 4th quarter. Nuveen Asset Management LLC now owns 1,822,900 shares of the company's stock valued at $76,343,000 after buying an additional 579,308 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPB. Wells Fargo & Company dropped their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 9th. Morgan Stanley boosted their price objective on Campbell's from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Stephens cut their target price on shares of Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Stifel Nicolaus lowered their price objective on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Finally, TD Cowen increased their price target on shares of Campbell's from $29.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, September 4th. Three 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $36.06.

Campbell's Stock Down 1.1%

Shares of NASDAQ:CPB traded down $0.36 during midday trading on Monday, hitting $32.87. 4,386,243 shares of the company's stock were exchanged, compared to its average volume of 7,177,778. The Campbell's Company has a 12 month low of $29.39 and a 12 month high of $52.19. The company has a market cap of $9.80 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 11.55 and a beta of 0.05. The stock has a 50 day moving average price of $32.27 and a 200-day moving average price of $34.66. 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 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Campbell's had a net margin of 5.87% and a return on equity of 22.95%. The business had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same period in the previous year, the company earned $3.08 earnings per share. The firm'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, sell-side analysts anticipate that The Campbell's Company will post 3.15 EPS 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.