NewEdge Advisors LLC Purchases 81,213 Shares of The Campbell’s Company $CPB

NewEdge Advisors LLC raised its position in shares of The Campbell’s Company (NASDAQ:CPB) by 349.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,476 shares of the company’s stock after buying an additional 81,213 shares during the quarter. NewEdge Advisors LLC’s holdings in Campbell’s were worth $2,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in shares of Campbell’s during the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted its stake in Campbell’s by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares in the last quarter. Sittner & Nelson LLC acquired a new stake in Campbell’s in the fourth quarter valued at approximately $29,000. Ankerstar Wealth LLC purchased a new position in Campbell’s in the fourth quarter worth $29,000. Finally, IFP Advisors Inc purchased a new position in Campbell’s in the third quarter worth $37,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Trading Down 0.5%

NASDAQ CPB opened at $23.17 on Friday. The Campbell’s Company has a 12-month low of $19.56 and a 12-month high of $34.17. The company has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $22.86. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53. The stock has a market cap of $6.91 billion, a P/E ratio of 11.47 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The firm had revenue of $2.37 billion for the quarter. During the same period last year, the firm earned $0.22 earnings per share. Campbell’s’s quarterly revenue was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, analysts forecast that The Campbell’s Company will post 2.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CPB shares. Royal Bank Of Canada decreased their price objective on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, June 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a research note on Tuesday, June 30th. Bank of America reduced their target price on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 9th. Barclays decreased their price target on Campbell’s from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Monday, June 8th. Finally, Stifel Nicolaus raised their price target on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $21.20.

Campbell’s Profile

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.