The Campbell’s Company $CPB Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,103 shares of the company’s stock after selling 945 shares during the period. State of Alaska Department of Revenue’s holdings in Campbell’s were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its position in shares of Campbell’s by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock valued at $28,000 after acquiring an additional 637 shares during the period. NBC Securities Inc. purchased a new position in Campbell’s in the 1st quarter valued at approximately $31,000. Geneos Wealth Management Inc. raised its holdings in Campbell’s by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Campbell’s during the first quarter worth $47,000. Finally, Curat Global LLC acquired a new stake in Campbell’s in the first quarter valued at $58,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPB has been the topic of several recent research reports. Piper Sandler reiterated a “neutral” rating and issued a $34.00 price objective (down from $35.00) on shares of Campbell’s in a research report on Thursday, August 7th. Stifel Nicolaus cut their target price on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Tuesday, July 29th. Sanford C. Bernstein increased their price target 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. DA Davidson dropped their price objective on shares of Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, June 9th. Finally, UBS Group reduced their target price on Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a research note on Friday, August 29th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Campbell’s has a consensus rating of “Reduce” and a consensus target price of $34.82.

Campbell’s Stock Performance

NASDAQ CPB opened at $31.95 on Friday. The business’s 50-day moving average price is $32.61 and its 200 day moving average price is $34.01. 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 twelve month low of $29.39 and a twelve month high of $49.11. The company has a market capitalization of $9.52 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 11.10 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 EPS 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 previous year, the business earned $3.08 EPS. The firm’s 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, research analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders 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 dividend yield of 4.9%. Campbell’s’s payout ratio 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.