The Campbell's Company $CPB Stock Holdings Boosted by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Campbell’s stake by 262.6% in the third quarter, bringing its holdings to 152,643 shares valued at approximately $3.0 million. Institutional investors collectively own 52.35% of CPB.
• Analyst sentiment remains cautious: Campbell’s has an average “Reduce” rating, with 12 Holds and eight Sells and an average price target of $19.88.
• Campbell’s reported quarterly EPS of $0.39 on $2.14 billion in revenue, down 7.9% year over year, and reduced its quarterly dividend to $0.25 from $0.39, implying a 4.8% annualized yield.

Nisa Investment Advisors LLC raised its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 262.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,643 shares of the company's stock after acquiring an additional 110,543 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.05% of Campbell's worth $3,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS grew its stake in shares of Campbell's by 1.2% in the first quarter. Kornitzer Capital Management Inc. KS now owns 42,470 shares of the company's stock worth $946,000 after purchasing an additional 520 shares during the last quarter. Parallel Advisors LLC increased its holdings in Campbell's by 23.5% during the 1st quarter. Parallel Advisors LLC now owns 2,792 shares of the company's stock valued at $62,000 after purchasing an additional 532 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in Campbell's by 39.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 2,699 shares of the company's stock valued at $60,000 after purchasing an additional 759 shares during the period. Swiss Life Asset Management Ltd increased its holdings in Campbell's by 6.2% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 14,944 shares of the company's stock valued at $333,000 after purchasing an additional 876 shares during the period. Finally, Bessemer Group Inc. raised its position in Campbell's by 10.5% during the 1st quarter. Bessemer Group Inc. now owns 10,111 shares of the company's stock valued at $225,000 after purchasing an additional 960 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CPB shares. Weiss Ratings cut Campbell's from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Campbell's from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 18th. TD Cowen boosted their target price on Campbell's from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Wednesday, August 19th. UBS Group upped their target price on Campbell's from $18.00 to $19.00 and gave the company a "sell" rating in a report on Friday, September 4th. Finally, Stephens set a $20.00 target price on Campbell's in a report on Friday, August 28th. Twelve analysts have rated the stock with a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $19.88.

Campbell's Stock Down 2.5%

Shares of NASDAQ:CPB opened at $20.73 on Friday. The Campbell's Company has a 52-week low of $18.60 and a 52-week high of $32.04. The firm has a market capitalization of $6.18 billion, a P/E ratio of 15.82, a P/E/G ratio of 2.44 and a beta of 0.06. The stock has a 50 day moving average price of $21.09 and a 200-day moving average price of $21.40. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. Campbell's had a return on equity of 16.44% and a net margin of 4.04%. The company had revenue of $2.14 billion during the quarter. During the same quarter in the previous year, the business earned $0.62 EPS. The company's revenue for the quarter was down 7.9% compared to the same quarter last year. Campbell's has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, equities research analysts anticipate that The Campbell's Company will post 1.70 EPS for the current fiscal year.

Campbell's Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.8%. This is a negative change from Campbell's's previous quarterly dividend of $0.39. The ex-dividend date is Thursday, October 1st. Campbell's's dividend payout ratio is currently 76.34%.

Campbell's Profile

Campbell's, formerly known as Campbell Soup Company, is a food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.

Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell's, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder's of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo's and Rao's.

Campbell's serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.

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