Campbell's Target of Unusually Large Options Trading (NASDAQ:CPB)

Key Points

• Put-option activity surged: Traders purchased 29,429 Campbell’s put options, approximately 240% above the typical daily volume of 8,644, signaling heightened bearish or hedging interest.
• Analyst sentiment remains cautious: Campbell’s has a consensus “Reduce” rating, with 13 Hold ratings and six Sell ratings; the average price target is $20.44.
• Shares rose despite weak fundamentals: CPB gained 1.5% to $24.07, while quarterly revenue fell 4.4% year over year despite an EPS beat. Institutional investors own 52.35% of the company.

The Campbell's Company (NASDAQ:CPB - Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders acquired 29,429 put options on the company. This is an increase of approximately 240% compared to the typical daily volume of 8,644 put options.

Wall Street Analyst Weigh In

Several research firms recently commented on CPB. Barclays dropped their price objective on Campbell's from $21.00 to $19.00 and set an "underweight" rating on the stock in a research report on Monday, June 8th. DA Davidson raised Campbell's to a "hold" rating in a research report on Monday, July 6th. Stephens set a $20.00 price target on shares of Campbell's in a research report on Friday, August 28th. Morgan Stanley lowered their price target on shares of Campbell's from $23.00 to $21.00 and set an "equal weight" rating for the company in a report on Friday, June 5th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $21.00 target price on shares of Campbell's in a research note on Monday. Thirteen research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $20.44.

Hedge Funds Weigh In On Campbell's

Several large investors have recently bought and sold shares of the stock. Sittner & Nelson LLC bought a new stake in Campbell's during the fourth quarter valued at $29,000. Los Angeles Capital Management LLC bought a new stake in Campbell's in the fourth quarter worth $29,000. Ankerstar Wealth LLC bought a new position in shares of Campbell's during the fourth quarter valued at $29,000. Comprehensive Financial Planning Inc. PA bought a new position in Campbell's in the 2nd quarter worth about $31,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of Campbell's during the fourth quarter valued at approximately $33,000. 52.35% of the stock is currently owned by institutional investors.

Campbell's Stock Up 1.5%

Shares of NASDAQ:CPB traded up $0.36 during midday trading on Wednesday, reaching $24.07. The company had a trading volume of 2,131,805 shares, compared to its average volume of 8,077,003. Campbell's has a 1-year low of $19.56 and a 1-year high of $34.17. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The business's 50 day moving average price is $22.73 and its 200 day moving average price is $22.44. The stock has a market cap of $7.18 billion, a PE ratio of 11.92, a P/E/G ratio of 2.41 and a beta of 0.03.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating 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 was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. Research analysts forecast that Campbell's will post 2.18 EPS for the current fiscal year.

About Campbell's

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.

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