Wellington Management Group LLP Has $1.94 Million Stock Position in The Campbell’s Company $CPB

Wellington Management Group LLP grew its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 26.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,600 shares of the company’s stock after purchasing an additional 10,083 shares during the quarter. Wellington Management Group LLP’s holdings in Campbell’s were worth $1,940,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CPB. Nuveen LLC acquired a new position in shares of Campbell’s during the 1st quarter worth approximately $65,588,000. Two Sigma Advisers LP increased its position in shares of Campbell’s by 272.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock worth $93,949,000 after purchasing an additional 1,641,400 shares during the last quarter. Man Group plc increased its position in shares of Campbell’s by 1,296.1% during the 4th quarter. Man Group plc now owns 1,407,161 shares of the company’s stock worth $58,932,000 after purchasing an additional 1,306,372 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Campbell’s during the 4th quarter worth approximately $48,468,000. Finally, Two Sigma Investments LP increased its position in shares of Campbell’s by 119.2% during the 4th quarter. Two Sigma Investments LP now owns 1,998,756 shares of the company’s stock worth $83,708,000 after purchasing an additional 1,086,856 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CPB shares. UBS Group decreased their target price on Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a report on Friday. Stephens decreased their target price on Campbell’s from $48.00 to $43.00 in a report on Wednesday, May 28th. Jefferies Financial Group decreased their target price on Campbell’s from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. Stifel Nicolaus decreased their target price on Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Finally, Morgan Stanley decreased their target price on Campbell’s from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Campbell’s presently has a consensus rating of “Reduce” and a consensus target price of $38.11.

Campbell’s Stock Performance

CPB opened at $31.93 on Friday. The business has a fifty day simple moving average of $31.87 and a 200 day simple moving average of $35.19. The company has a market capitalization of $9.52 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 10.41 and a beta of 0.08. The Campbell’s Company has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33.

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

Campbell’s 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.