The Campbell’s Company (CPB) To Go Ex-Dividend on October 1st

The Campbell’s Company (NASDAQ:CPB) announced a quarterly dividend on Thursday, September 3rd. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.25 per share on Monday, November 2nd. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, October 1st.

Campbell’s has raised its dividend by an average of 0.0%per year over the last three years.

Campbell’s Stock Down 3.4%

Campbell’s stock opened at $21.38 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.38 and a current ratio of 0.82. The stock’s fifty day moving average is $22.73 and its two-hundred day moving average is $22.35. Campbell’s has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.54 and a beta of 0.03.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The business had revenue of $2.14 billion for the quarter. During the same quarter in the prior year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Analysts predict that Campbell’s will post 1.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Campbell’s

A number of large investors have recently modified their holdings of CPB. Public Employees Retirement System of Ohio grew its stake in Campbell’s by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock worth $1,913,000 after buying an additional 376 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Campbell’s by 8.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $142,000 after acquiring an additional 380 shares during the period. New England Asset Management Inc. lifted its holdings in shares of Campbell’s by 0.6% during the 3rd quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock valued at $2,064,000 after acquiring an additional 380 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Campbell’s by 10.2% during the 4th quarter. Horizon Investments LLC now owns 4,228 shares of the company’s stock valued at $116,000 after acquiring an additional 390 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Campbell’s by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 90,311 shares of the company’s stock valued at $2,517,000 after acquiring an additional 440 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Company 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.