The Campbell's Company $CPB Stock Position Cut by Washington Capital Management Inc.

Key Points

• Washington Capital Management Inc. has reduced its stake in The Campbell's Company by 43.7%, now holding 17,385 shares valued at approximately $533,000 as of the latest SEC filing.
• Campbell's reported an EPS of $0.62 for the latest quarter, exceeding analyst expectations, with revenues reaching $2.32 billion.
• The company announced a quarterly dividend of $0.39 per share, resulting in an annualized dividend yield of 4.9%.

Washington Capital Management Inc. decreased its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 43.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,385 shares of the company's stock after selling 13,515 shares during the period. Washington Capital Management Inc.'s holdings in Campbell's were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. World Investment Advisors acquired a new position in shares of Campbell's in the first quarter worth about $410,000. Teacher Retirement System of Texas bought a new position in shares of Campbell's in the first quarter valued at approximately $1,131,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Campbell's by 24.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock worth $534,000 after acquiring an additional 2,614 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Campbell's by 13.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock worth $1,027,000 after acquiring an additional 3,010 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Campbell's by 182.0% in the first quarter. KBC Group NV now owns 498,216 shares of the company's stock worth $19,889,000 after acquiring an additional 321,520 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CPB shares. Cowen restated a "hold" rating on shares of Campbell's in a research note on Thursday, September 4th. Argus downgraded shares of Campbell's from a "buy" rating to a "hold" rating in a research note on Friday, June 20th. Bank of America lifted their price target on shares of Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a research note on Thursday, September 4th. Wells Fargo & Company lifted their price target on shares of Campbell's from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Campbell's in a research note on Wednesday, August 20th. They set a "neutral" rating and a $33.00 price target on the stock. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Campbell's presently has a consensus rating of "Reduce" and a consensus target price of $34.82.

Campbell's Price Performance

Campbell's stock opened at $32.08 on Monday. The firm has a market capitalization of $9.56 billion, a P/E ratio of 16.04, a PEG ratio of 11.15 and a beta of 0.05. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $49.71. The business has a 50-day moving average of $32.69 and a 200-day moving average of $34.22. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.33 billion. During the same period in the previous year, the company earned $3.08 EPS. The company'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, equities analysts anticipate that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.9%. Campbell's's dividend 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.

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