Wellington Management Group LLP Buys 10,083 Shares of The Campbell's Company $CPB

Key Points

• Wellington Management Group LLP increased its stake in Campbell's Company by 26.2%, owning 48,600 shares valued at approximately $1.94 million as of the latest quarter.
• Institutional investors own 52.35% of Campbell's shares, with notable increases from firms like Two Sigma Advisers LP and Man Group plc during the previous quarters.
• Wall Street analysts have revised target prices for Campbell's stock, with UBS Group setting a sell rating and a target price of $30, while the consensus target price remains at $38.11.

Wellington Management Group LLP increased its holdings in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 26.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,600 shares of the company's stock after buying an additional 10,083 shares during the period. Wellington Management Group LLP's holdings in Campbell's were worth $1,940,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its stake in Campbell's by 923.2% in the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after purchasing an additional 637 shares during the period. NBC Securities Inc. bought a new stake in Campbell's in the first quarter worth approximately $31,000. Riverview Trust Co bought a new stake in Campbell's in the first quarter worth approximately $46,000. Banque Cantonale Vaudoise bought a new stake in Campbell's during the 1st quarter valued at $47,000. Finally, Curat Global LLC purchased a new position in shares of Campbell's during the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Price Performance

CPB stock traded up $1.22 on Friday, reaching $33.88. The company had a trading volume of 2,094,986 shares, compared to its average volume of 4,423,496. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.33 and a current ratio of 0.77. The company's fifty day moving average is $31.94 and its 200 day moving average is $35.04. The company has a market cap of $10.10 billion, a P/E ratio of 16.99, a PEG ratio of 11.26 and a beta of 0.05.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.08 EPS. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. On average, research analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CPB. Argus lowered Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. Bank of America lifted their price target on Campbell's from $29.00 to $30.00 and gave the stock an "underperform" rating in a research note on Thursday. Barclays reduced their target price on Campbell's from $35.00 to $30.00 and set an "underweight" rating on the stock in a research note on Monday, July 14th. Finally, DA Davidson reduced their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $36.06.

Campbell's Company 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.