The Campbell’s Company $CPB Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lessened its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 39.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,354 shares of the company’s stock after selling 6,147 shares during the quarter. Ballentine Partners LLC’s holdings in Campbell’s were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Nuveen LLC acquired a new stake in shares of Campbell’s during the first quarter worth approximately $65,588,000. Vanguard Group Inc. boosted its stake in Campbell’s by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock valued at $962,877,000 after acquiring an additional 494,567 shares during the last quarter. KBC Group NV boosted its stake in Campbell’s by 182.0% during the 1st quarter. KBC Group NV now owns 498,216 shares of the company’s stock valued at $19,889,000 after acquiring an additional 321,520 shares during the last quarter. Invesco Ltd. grew its holdings in Campbell’s by 6.9% during the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company’s stock worth $198,229,000 after acquiring an additional 320,120 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Campbell’s by 4,153.6% in the 1st quarter. GAMMA Investing LLC now owns 321,915 shares of the company’s stock worth $12,851,000 after purchasing an additional 314,347 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on CPB. Bank of America lifted their price target on Campbell’s from $29.00 to $30.00 and gave the stock an “underperform” rating in a research note on Thursday, September 4th. Piper Sandler reaffirmed a “neutral” rating and set a $34.00 target price (down previously from $35.00) on shares of Campbell’s in a report on Thursday, August 7th. TD Cowen boosted their price target on Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, September 4th. Wells Fargo & Company upped their price target on Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Sanford C. Bernstein lifted their price objective on shares of Campbell’s from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and an average target price of $34.82.

Campbell’s Trading Down 0.4%

Shares of NASDAQ:CPB opened at $32.08 on Monday. 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 company’s 50-day moving average price is $32.69 and its 200 day moving average price is $34.22. The company has a market cap of $9.56 billion, a PE ratio of 16.04, a P/E/G ratio of 11.15 and a beta of 0.05. The Campbell’s Company has a fifty-two week low of $29.39 and a fifty-two week high of $49.71.

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

Campbell’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders 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 4.9%. Campbell’s’s payout ratio is presently 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.