HighTower Advisors LLC Sells 1,076 Shares of The Campbell’s Company $CPB

HighTower Advisors LLC lowered its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,518 shares of the company’s stock after selling 1,076 shares during the quarter. HighTower Advisors LLC’s holdings in Campbell’s were worth $699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Campbell’s by 2.1% during the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock worth $962,877,000 after acquiring an additional 494,567 shares during the period. Invesco Ltd. increased its holdings in Campbell’s by 6.9% in the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company’s stock valued at $198,229,000 after buying an additional 320,120 shares during the period. Brandywine Trust Co. increased its holdings in Campbell’s by 1.8% in the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company’s stock valued at $203,871,000 after buying an additional 84,778 shares during the period. Deutsche Bank AG increased its holdings in Campbell’s by 56.9% in the 4th quarter. Deutsche Bank AG now owns 2,662,547 shares of the company’s stock valued at $111,507,000 after buying an additional 966,044 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in Campbell’s by 272.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock valued at $93,949,000 after buying an additional 1,641,400 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Down 1.4%

CPB opened at $31.64 on Friday. The firm’s 50-day simple moving average is $31.87 and its 200-day simple moving average is $35.25. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The Campbell’s Company has a twelve month low of $29.39 and a twelve month high of $52.81. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 10.46 and a beta of 0.08.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell’s had a net margin of 4.44% and a return on equity of 23.22%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Campbell’s has set its FY 2025 guidance at 2.950-2.950 EPS. Equities research analysts anticipate that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Evercore ISI lowered their price target on shares of Campbell’s from $46.00 to $41.00 and set an “in-line” rating on the stock in a report on Thursday, May 29th. Morgan Stanley lowered their price target on shares of Campbell’s from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Wells Fargo & Company lowered their price target on shares of Campbell’s from $34.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 9th. Finally, Stephens lowered their price target on shares of Campbell’s from $48.00 to $43.00 in a report on Wednesday, May 28th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $38.44.

Campbell’s Company 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.