Van ECK Associates Corp grew its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 25.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,186 shares of the company's stock after buying an additional 80,141 shares during the quarter. Van ECK Associates Corp owned 0.13% of Campbell's worth $8,912,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in Campbell's during the 4th quarter valued at $29,000. 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 purchasing an additional 750 shares in the last quarter. Sittner & Nelson LLC purchased a new position in shares of Campbell's in the fourth quarter worth $29,000. Ankerstar Wealth LLC purchased a new position in shares of Campbell's in the fourth quarter worth $29,000. Finally, IFP Advisors Inc bought a new position in shares of Campbell's during the third quarter valued at $37,000. Institutional investors own 52.35% of the company's stock.
Campbell's Price Performance
Shares of NASDAQ:CPB opened at $23.71 on Wednesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The Campbell's Company has a 1-year low of $19.56 and a 1-year high of $34.17. The company has a market capitalization of $7.07 billion, a P/E ratio of 11.74, a P/E/G ratio of 2.41 and a beta of 0.03. The firm's 50 day simple moving average is $22.73 and its two-hundred day simple moving average is $22.44.
Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $2.37 billion during the quarter. Campbell's had a net margin of 6.12% and a return on equity of 18.04%. The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. Research analysts expect that The Campbell's Company will post 2.18 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Zacks Research upgraded Campbell's from a "strong sell" rating to a "hold" rating in a report on Monday, August 10th. Barclays dropped their price target on shares of Campbell's from $21.00 to $19.00 and set an "underweight" rating on the stock in a report on Monday, June 8th. Bank of America reduced their price target on shares of Campbell's from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Tuesday, June 9th. TD Cowen boosted their price objective on shares of Campbell's from $20.00 to $22.00 and gave the company a "hold" rating in a report on Wednesday, August 19th. Finally, Stephens set a $20.00 target price on shares of Campbell's in a report on Friday. Thirteen analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $20.44.
Check Out Our Latest Analysis on Campbell's
Campbell's Profile
(
Free Report)
Campbell's NASDAQ: CPB is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell's has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.
The company's brand portfolio includes Campbell's Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.
Further Reading
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