The Campbell’s Company $CPB Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC grew its position in shares of The Campbell’s Company (NASDAQ:CPB) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,059 shares of the company’s stock after purchasing an additional 959 shares during the quarter. HB Wealth Management LLC’s holdings in Campbell’s were worth $247,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. World Investment Advisors acquired a new position in shares of Campbell’s during the 1st quarter valued at $410,000. Teacher Retirement System of Texas acquired a new position in shares of Campbell’s during the 1st quarter valued at $1,131,000. KBC Group NV increased its position in shares of 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 purchasing an additional 321,520 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Campbell’s by 13.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company’s stock valued at $1,027,000 after purchasing an additional 3,010 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Campbell’s by 24.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company’s stock valued at $534,000 after purchasing an additional 2,614 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Campbell’s from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. Barclays decreased their target price on Campbell’s from $35.00 to $30.00 and set an “underweight” rating on the stock in a report on Monday, July 14th. Wells Fargo & Company lifted their target price on Campbell’s from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, September 25th. Argus cut Campbell’s from a “buy” rating to a “hold” rating in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. started coverage on Campbell’s in a report on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and an average price target of $34.82.

Campbell’s Trading Down 0.6%

CPB stock opened at $31.11 on Wednesday. The Campbell’s Company has a 1-year low of $29.39 and a 1-year high of $49.11. The firm has a market cap of $9.27 billion, a P/E ratio of 15.56, a P/E/G ratio of 10.87 and a beta of 0.02. The business’s 50 day moving average is $32.56 and its 200-day moving average is $33.91. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the company posted $3.08 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Equities analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current fiscal 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 $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Thursday, October 2nd. Campbell’s’s dividend payout ratio is currently 78.00%.

Campbell’s Profile

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.