MassMutual Private Wealth & Trust FSB Sells 653 Shares of The Campbell’s Company $CPB

MassMutual Private Wealth & Trust FSB lowered its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 41.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 909 shares of the company’s stock after selling 653 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Campbell’s were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CPB. Royal Bank of Canada increased its holdings in shares of Campbell’s by 11.8% during the 4th quarter. Royal Bank of Canada now owns 365,148 shares of the company’s stock worth $15,293,000 after acquiring an additional 38,534 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Campbell’s by 27.5% during the 4th quarter. Vident Advisory LLC now owns 6,065 shares of the company’s stock valued at $254,000 after acquiring an additional 1,307 shares during the period. Woodline Partners LP bought a new stake in shares of Campbell’s during the 4th quarter worth $494,000. Forum Financial Management LP bought a new stake in shares of Campbell’s during the 4th quarter worth $264,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Campbell’s during the 4th quarter worth $10,462,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citigroup dropped their target price on Campbell’s from $33.00 to $32.00 and set a “sell” rating for the company in a research report on Tuesday, June 3rd. Piper Sandler reiterated a “neutral” rating and issued a $34.00 target price (down from $35.00) on shares of Campbell’s in a research report on Thursday, August 7th. UBS Group dropped their target price on Campbell’s from $33.00 to $30.00 and set a “sell” rating for the company in a research report on Friday, August 29th. Royal Bank Of Canada dropped their target price on Campbell’s from $44.00 to $38.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company dropped their target price on Campbell’s from $34.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 9th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Campbell’s presently has a consensus rating of “Reduce” and a consensus price target of $34.71.

Campbell’s Trading Down 0.4%

Shares of CPB stock opened at $33.43 on Monday. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 11.62 and a beta of 0.05. The stock has a 50-day moving average of $32.47 and a 200-day moving average of $34.47. 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 Campbell’s Company has a 1-year low of $29.39 and a 1-year high of $51.74.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the firm posted $3.08 earnings per share. The business’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. On average, equities research analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

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

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.