The Campbell's Company $CPB Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd significantly reduced its stake in The Campbell's Company by 53.3% during Q1, selling 50,700 shares, leaving them with 44,503 shares worth approximately $1.78 million.
• Multiple hedge funds have altered their positions in Campbell's, with KBC Group NV increasing its stake by 182.0%, now owning 498,216 shares valued at nearly $20 million.
• Analysts have mixed opinions on Campbell's stock, with price targets varying from $29.00 to $39.00, and an average rating of "Reduce" based on recent assessments.

USS Investment Management Ltd cut its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 53.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,503 shares of the company's stock after selling 50,700 shares during the quarter. USS Investment Management Ltd's holdings in Campbell's were worth $1,777,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC grew its stake 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 worth $28,000 after acquiring an additional 637 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Campbell's during the first quarter worth about $31,000. Riverview Trust Co purchased a new stake in shares of Campbell's during the first quarter worth about $46,000. Banque Cantonale Vaudoise purchased a new stake in shares of Campbell's during the first quarter worth about $47,000. Finally, Curat Global LLC purchased a new stake in shares of Campbell's during the first quarter worth about $58,000. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price target on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Tuesday, June 3rd. Jefferies Financial Group dropped their price target on Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Barclays dropped their target price on Campbell's from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Monday, July 14th. UBS Group dropped their target price on Campbell's from $33.00 to $30.00 and set a "sell" rating on the stock in a research report on Friday, August 29th. Finally, Citigroup dropped 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. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $36.06.

Campbell's Stock Performance

NASDAQ:CPB traded down $0.53 during trading hours on Friday, reaching $33.23. The company had a trading volume of 4,239,845 shares, compared to its average volume of 7,177,778. The Campbell's Company has a 1-year low of $29.39 and a 1-year high of $52.19. The firm has a market cap of $9.91 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 11.55 and a beta of 0.05. The business's 50 day moving average price is $32.23 and its 200-day moving average price is $34.71. 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 announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the company posted $3.08 earnings per share. Campbell's's revenue for the quarter 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 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.