USS Investment Management Ltd Sells 50,700 Shares of The Campbell's Company $CPB

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 lowered its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 53.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,503 shares of the company's stock after selling 50,700 shares during the period. USS Investment Management Ltd's holdings in Campbell's were worth $1,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Campbell's by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock worth $962,877,000 after purchasing an additional 494,567 shares in the last quarter. Invesco Ltd. grew its position in Campbell's by 6.9% in the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company's stock valued at $198,229,000 after purchasing an additional 320,120 shares during the period. Two Sigma Advisers LP grew its position in Campbell's by 272.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock valued at $93,949,000 after purchasing an additional 1,641,400 shares during the period. Amundi grew its position in Campbell's by 6.4% in the 1st quarter. Amundi now owns 2,082,885 shares of the company's stock valued at $82,941,000 after purchasing an additional 124,647 shares during the period. Finally, Two Sigma Investments LP grew its position in Campbell's by 119.2% in the 4th quarter. Two Sigma Investments LP now owns 1,998,756 shares of the company's stock valued at $83,708,000 after purchasing an additional 1,086,856 shares during the period. Institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CPB shares. Argus downgraded shares of Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Citigroup reduced their price target on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research report on Tuesday, June 3rd. DA Davidson dropped their target price on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Stephens dropped their target price on Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. Three equities 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. According to MarketBeat, Campbell's has an average rating of "Reduce" and an average target price of $36.06.

Campbell's Stock Performance

Campbell's stock traded down $0.53 during mid-day trading on Friday, reaching $33.23. 4,239,840 shares of the company's stock were exchanged, compared to its average volume of 4,504,864. The business's fifty day simple moving average is $32.19 and its 200 day simple moving average is $34.84. The firm has a market capitalization of $9.91 billion, a PE ratio of 16.62, a P/E/G ratio of 11.64 and a beta of 0.05. The Campbell's Company has a one year low of $29.39 and a one year high of $52.19. The company has a quick ratio of 0.33, a current ratio of 0.77 and a debt-to-equity ratio of 1.56.

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. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.Campbell's's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $3.08 earnings per share. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. On average, sell-side analysts expect that The Campbell's Company will post 3.15 earnings per share 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.