Leonteq Securities AG increased its holdings in shares of The Campbell’s Company (NASDAQ:CPB – Free Report) by 37.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 83,970 shares of the company’s stock after acquiring an additional 22,754 shares during the period. Leonteq Securities AG’s holdings in Campbell’s were worth $1,870,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in CPB. Two Sigma Investments LP lifted its position in Campbell’s by 534.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after buying an additional 4,159,398 shares in the last quarter. Brandywine Managers LLC acquired a new stake in shares of Campbell’s in the fourth quarter valued at about $92,793,000. Invesco Ltd. raised its holdings in Campbell’s by 42.6% during the third quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after acquiring an additional 2,387,575 shares in the last quarter. UBS Group AG boosted its position in Campbell’s by 175.7% during the third quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock valued at $117,823,000 after purchasing an additional 2,377,488 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Campbell’s by 287.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,377,390 shares of the company’s stock valued at $75,078,000 after purchasing an additional 1,763,870 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Zacks Research cut Campbell’s from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 10th. TD Cowen decreased their target price on shares of Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a report on Tuesday. Bank of America dropped their price target on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada cut their price target on shares of Campbell’s from $23.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 9th. Twelve analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $21.88.
Campbell’s Stock Performance
CPB opened at $23.32 on Friday. The Campbell’s Company has a 12-month low of $19.56 and a 12-month high of $34.17. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 11.54 and a beta of 0.02. The business has a 50 day moving average of $21.23 and a 200-day moving average of $23.90. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.
Campbell’s (NASDAQ:CPB – Get Free Report) last issued its earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $2.37 billion during the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities research analysts expect that The Campbell’s Company will post 2.19 earnings per share for the current year.
Campbell’s Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s payout ratio is 77.23%.
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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