Public Employees Retirement System of Ohio Raises Stock Position in The Campbell’s Company $CPB

Public Employees Retirement System of Ohio increased its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,195 shares of the company’s stock after purchasing an additional 1,075 shares during the period. Public Employees Retirement System of Ohio’s holdings in Campbell’s were worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its holdings in Campbell’s by 923.2% in the first quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock valued at $28,000 after buying an additional 637 shares in the last quarter. NBC Securities Inc. purchased a new position in Campbell’s in the first quarter valued at $31,000. Geneos Wealth Management Inc. increased its holdings in Campbell’s by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after buying an additional 750 shares in the last quarter. Riverview Trust Co purchased a new position in Campbell’s in the first quarter valued at $46,000. Finally, Banque Cantonale Vaudoise purchased a new position in Campbell’s in the first quarter valued at $47,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen lifted their price objective on shares of Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, September 4th. 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 target price on the stock. Argus lowered shares of Campbell’s from a “buy” rating to a “hold” rating in a research report on Friday, June 20th. Cowen reiterated a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein lifted their target price on shares of Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $34.82.

Campbell’s Stock Performance

NASDAQ:CPB opened at $31.95 on Friday. The company’s 50-day moving average is $32.61 and its two-hundred day moving average is $34.04. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 10.98 and a beta of 0.02. The Campbell’s Company has a 1-year low of $29.39 and a 1-year high of $49.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $2.32 billion for 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 business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.08 EPS. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Analysts forecast that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Dividend Announcement

The business also recently declared 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Campbell’s’s payout ratio 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.