Parallel Advisors LLC Increases Stock Holdings in The Campbell’s Company $CPB

Parallel Advisors LLC lifted its holdings in The Campbell’s Company (NASDAQ:CPB) by 277.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,044 shares of the company’s stock after buying an additional 2,974 shares during the quarter. Parallel Advisors LLC’s holdings in Campbell’s were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. New England Asset Management Inc. boosted its stake in shares of Campbell’s by 0.6% in the first quarter. New England Asset Management Inc. now owns 64,690 shares of the company’s stock valued at $2,582,000 after buying an additional 370 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of Campbell’s by 3.5% in the first quarter. Howe & Rusling Inc. now owns 11,786 shares of the company’s stock valued at $470,000 after buying an additional 400 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Campbell’s by 5.5% in the first quarter. Personal CFO Solutions LLC now owns 8,077 shares of the company’s stock valued at $322,000 after buying an additional 421 shares in the last quarter. Voya Investment Management LLC boosted its position in Campbell’s by 0.8% during the first quarter. Voya Investment Management LLC now owns 56,837 shares of the company’s stock worth $2,269,000 after purchasing an additional 425 shares in the last quarter. Finally, Xponance Inc. boosted its position in Campbell’s by 1.6% during the first quarter. Xponance Inc. now owns 28,885 shares of the company’s stock worth $1,153,000 after purchasing an additional 445 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CPB shares. Sanford C. Bernstein boosted their target price on Campbell’s from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Argus downgraded Campbell’s from a “buy” rating to a “hold” rating in a research report on Friday, June 20th. 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 research report on Tuesday, July 29th. 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, Wells Fargo & Company reduced their price objective on Campbell’s from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $34.71.

Campbell’s Trading Up 1.5%

NASDAQ:CPB opened at $33.75 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $32.59 and its two-hundred day moving average is $34.41. The Campbell’s Company has a 52 week low of $29.39 and a 52 week high of $50.29. The company has a market cap of $10.06 billion, a PE ratio of 16.88, a P/E/G ratio of 11.55 and a beta of 0.05.

Campbell’s (NASDAQ:CPB) last released 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 company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.Campbell’s’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.08 EPS. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, analysts predict that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.6%. Campbell’s’s dividend payout ratio (DPR) is 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.