TrueMark Investments LLC Boosts Holdings in The Campbell's Company $CPB

Key Points

• TrueMark Investments LLC has increased its holdings in The Campbell's Company by 18.7%, now owning 160,242 shares worth approximately $4.91 million.
• Campbell's reported a $0.62 earnings per share (EPS) for the last quarter, exceeding estimates of $0.57, with revenue of $2.32 billion.
• The company has declared a quarterly dividend of $0.39 per share, with an annualized yield of 5.1%, to be paid on November 3rd.

TrueMark Investments LLC boosted its position in The Campbell's Company (NASDAQ:CPB - Free Report) by 18.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,242 shares of the company's stock after purchasing an additional 25,200 shares during the quarter. TrueMark Investments LLC owned about 0.05% of Campbell's worth $4,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in shares of Campbell's in the 2nd quarter worth $25,000. Manchester Capital Management LLC increased its holdings in shares of Campbell's by 923.2% in the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after buying an additional 637 shares during the last quarter. ORG Partners LLC increased its holdings in shares of Campbell's by 77.3% in the 2nd quarter. ORG Partners LLC now owns 906 shares of the company's stock worth $29,000 after buying an additional 395 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Campbell's by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after buying an additional 750 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Campbell's in the 1st quarter worth $47,000. Institutional investors own 52.35% of the company's stock.

Campbell's Price Performance

Shares of Campbell's stock opened at $30.86 on Friday. The firm has a market cap of $9.19 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 10.72 and a beta of 0.02. The Campbell's Company has a 12-month low of $29.39 and a 12-month high of $48.68. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The company's fifty day simple moving average is $32.23 and its two-hundred day simple moving average is $33.42.

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, 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 net margin of 5.87% and a return on equity of 22.95%. The company's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.08 EPS. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, equities analysts expect that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 annualized dividend and a yield of 5.1%. Campbell's's payout ratio is currently 78.00%.

Wall Street Analyst Weigh In

CPB has been the topic of several recent research reports. Bank of America increased their target price on shares of Campbell's from $29.00 to $30.00 and gave the company an "underperform" rating in a report on Thursday, September 4th. UBS Group reduced their target price on shares of Campbell's from $33.00 to $30.00 and set a "sell" rating on the stock in a report on Friday, August 29th. Piper Sandler reaffirmed a "neutral" rating and set a $34.00 target price (down previously from $35.00) on shares of Campbell's in a report on Thursday, August 7th. JPMorgan Chase & Co. initiated coverage on shares of Campbell's in a report on Wednesday, August 20th. They set a "neutral" rating and a $33.00 target price on the stock. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Campbell's in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Campbell's presently has a consensus rating of "Reduce" and an average target price of $34.82.

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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