7,317 Shares in The Campbell’s Company $CPB Purchased by Wedmont Private Capital

Wedmont Private Capital bought a new position in The Campbell’s Company (NASDAQ:CPB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,317 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Campbell’s by 1.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,278 shares of the company’s stock valued at $959,000 after buying an additional 590 shares during the last quarter. Czech National Bank boosted its holdings in shares of Campbell’s by 6.5% in the second quarter. Czech National Bank now owns 48,104 shares of the company’s stock worth $1,474,000 after buying an additional 2,943 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Campbell’s by 277.9% during the second quarter. Parallel Advisors LLC now owns 4,044 shares of the company’s stock valued at $124,000 after purchasing an additional 2,974 shares in the last quarter. Investors Research Corp purchased a new position in shares of Campbell’s in the second quarter worth $794,000. Finally, Value Partners Investments Inc. increased its position in Campbell’s by 30.0% in the second quarter. Value Partners Investments Inc. now owns 117,000 shares of the company’s stock worth $3,587,000 after purchasing an additional 27,000 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Trading Down 0.4%

NASDAQ:CPB opened at $33.43 on Monday. The firm has a market cap of $9.96 billion, a P/E ratio of 16.72, a PEG ratio of 11.62 and a beta of 0.05. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The stock’s 50 day simple moving average is $32.47 and its 200-day simple moving average is $34.47. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $51.74.

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

Campbell’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be paid a $0.39 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.7%. Campbell’s’s dividend payout ratio (DPR) is 78.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. DA Davidson cut their price target on shares of Campbell’s from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, June 9th. Cowen reiterated a “hold” rating on shares of Campbell’s in a report on Thursday, September 4th. JPMorgan Chase & Co. began coverage on shares of Campbell’s in a research note on Wednesday, August 20th. They set a “neutral” rating and a $33.00 price objective on the stock. Royal Bank Of Canada decreased their target price on Campbell’s from $44.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 3rd. Finally, Stifel Nicolaus reduced their price target on Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Campbell’s has a consensus rating of “Reduce” and a consensus price target of $34.71.

About Campbell’s

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.