Wealth Enhancement Advisory Services LLC Increases Holdings in The Campbell's Company $CPB

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Campbell's Company by 85.6% during the second quarter, now owning 24,807 shares valued at approximately $775,000.
• Campbell's last reported an earnings per share (EPS) of $0.62, surpassing the expected $0.57, while its revenue for the quarter was $2.32 billion.
• The company announced a quarterly dividend of $0.39 per share, reflecting a 4.9% yield with a current payout ratio of 78%.

Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 85.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,807 shares of the company's stock after buying an additional 11,441 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Campbell's were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors purchased a new stake in Campbell's during the 1st quarter worth about $410,000. Teacher Retirement System of Texas purchased a new stake in Campbell's during the 1st quarter worth about $1,131,000. KBC Group NV lifted its holdings in Campbell's by 182.0% during the 1st quarter. KBC Group NV now owns 498,216 shares of the company's stock worth $19,889,000 after buying an additional 321,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Campbell's by 13.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock worth $1,027,000 after buying an additional 3,010 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Campbell's by 14.8% in the 1st quarter. Victory Capital Management Inc. now owns 514,377 shares of the company's stock valued at $20,534,000 after purchasing an additional 66,486 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Stock Performance

NASDAQ CPB opened at $31.60 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The business's 50 day moving average is $32.63 and its two-hundred day moving average is $34.09. The Campbell's Company has a 12-month low of $29.39 and a 12-month high of $49.11. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 11.11 and a beta of 0.02.

Campbell's (NASDAQ:CPB - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the previous year, the firm posted $3.08 EPS. The firm's quarterly revenue was up 1.2% on a year-over-year basis. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts expect that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 annualized dividend and a yield of 4.9%. Campbell's's payout ratio is presently 78.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays reduced their target price on Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Wells Fargo & Company boosted their target price on Campbell's from $32.00 to $34.00 and gave the company an "equal weight" rating in a report on Thursday, September 25th. Cowen reissued a "hold" rating on shares of Campbell's in a report on Thursday, September 4th. TD Cowen boosted their target price on Campbell's from $29.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, September 4th. Finally, Morgan Stanley boosted their target price on Campbell's from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Campbell's currently has a consensus rating of "Reduce" and a consensus price target of $34.82.

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.

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