American Century Companies Inc. Sells 9,254 Shares of The Campbell’s Company $CPB

American Century Companies Inc. cut its stake in The Campbell’s Company (NASDAQ:CPB) by 56.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,063 shares of the company’s stock after selling 9,254 shares during the quarter. American Century Companies Inc.’s holdings in Campbell’s were worth $282,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. World Investment Advisors purchased a new position in shares of Campbell’s during the first quarter valued at approximately $410,000. Teacher Retirement System of Texas purchased a new position in shares of Campbell’s during the first quarter valued at approximately $1,131,000. KBC Group NV boosted its stake in shares of Campbell’s by 182.0% during the first quarter. KBC Group NV now owns 498,216 shares of the company’s stock valued at $19,889,000 after purchasing an additional 321,520 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Campbell’s by 13.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company’s stock valued at $1,027,000 after purchasing an additional 3,010 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Campbell’s by 24.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company’s stock worth $534,000 after purchasing an additional 2,614 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CPB. JPMorgan Chase & Co. began coverage on shares of Campbell’s in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Campbell’s from $43.00 to $39.00 and set a “hold” rating on the stock in a research note on Wednesday, May 21st. Stephens dropped their target price on shares of Campbell’s from $48.00 to $43.00 in a research note on Wednesday, May 28th. TD Cowen upped their target price on shares of Campbell’s from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Sanford C. Bernstein upped their target price on shares of Campbell’s from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Campbell’s presently has an average rating of “Reduce” and a consensus price target of $36.06.

Campbell’s Stock Performance

Shares of NASDAQ:CPB opened at $34.03 on Friday. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 11.78 and a beta of 0.05. The Campbell’s Company has a 52 week low of $29.39 and a 52 week high of $52.81. The company has a quick ratio of 0.33, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average of $32.00 and a 200 day moving average of $34.99.

Campbell’s (NASDAQ:CPB) last announced its earnings results on Wednesday, September 3rd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.08 earnings per share. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, sell-side analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

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.