Wellington Management Group LLP Purchases 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% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,600 shares of the company's stock after acquiring an additional 10,083 shares during the quarter. Wellington Management Group LLP's holdings in Campbell's were worth $1,940,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC lifted its position in shares of Campbell's by 923.2% during 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. NBC Securities Inc. bought a new position in shares of Campbell's during the first quarter worth about $31,000. Riverview Trust Co bought a new position in shares of Campbell's during the first quarter worth about $46,000. Banque Cantonale Vaudoise bought a new position in shares of Campbell's during the first quarter worth about $47,000. Finally, Curat Global LLC bought a new position in shares of Campbell's during the first quarter worth about $58,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Campbell's in a research note on Wednesday, August 20th. They set a "neutral" rating and a $33.00 target price for the company. DA Davidson decreased their target price on Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Piper Sandler reissued a "neutral" rating and issued a $34.00 price objective (down previously from $35.00) on shares of Campbell's in a research note on Thursday, August 7th. Finally, Stifel Nicolaus cut their target price on Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $35.94.

Campbell's Stock Performance

Shares of NASDAQ CPB traded down $0.89 during mid-day trading on Thursday, hitting $32.85. The company had a trading volume of 3,067,152 shares, compared to its average volume of 4,413,571. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 10.41 and a beta of 0.05. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. The stock's 50-day moving average price is $31.90 and its 200-day moving average price is $35.09.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. Campbell's had a return on equity of 23.22% and a net margin of 4.44%.The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the company earned $3.08 EPS. The company's quarterly revenue 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, sell-side analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current year.

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.