Truist Financial Corp Trims Stake in The Campbell’s Company $CPB

Truist Financial Corp lessened its holdings in shares of The Campbell’s Company (NASDAQ:CPBFree Report) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,172 shares of the company’s stock after selling 872 shares during the quarter. Truist Financial Corp’s holdings in Campbell’s were worth $373,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CPB. GAMMA Investing LLC lifted its stake in shares of Campbell’s by 6.6% during the 1st quarter. GAMMA Investing LLC now owns 8,064 shares of the company’s stock worth $322,000 after purchasing an additional 496 shares during the period. SG Americas Securities LLC purchased a new position in shares of Campbell’s during the 1st quarter worth $860,000. Assenagon Asset Management S.A. lifted its stake in shares of Campbell’s by 5.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,999 shares of the company’s stock worth $559,000 after purchasing an additional 668 shares during the period. Fifth Third Bancorp raised its position in shares of Campbell’s by 9.6% in the 1st quarter. Fifth Third Bancorp now owns 8,000 shares of the company’s stock worth $319,000 after buying an additional 701 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Campbell’s by 24.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company’s stock worth $534,000 after buying an additional 2,614 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Up 1.9%

Shares of NASDAQ CPB opened at $30.71 on Friday. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $48.74. The company has a market cap of $9.14 billion, a P/E ratio of 15.36, a P/E/G ratio of 10.48 and a beta of 0.02. 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 stock has a fifty day moving average price of $32.26 and a 200 day moving average price of $33.52.

Campbell’s (NASDAQ:CPBGet Free Report) last announced its earnings results 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. The company had revenue of $2.32 billion during 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%.The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $3.08 earnings per share. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts anticipate that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently announced 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 is Thursday, October 2nd. This represents a $1.56 annualized dividend and a dividend yield of 5.1%. Campbell’s’s dividend payout ratio (DPR) is currently 78.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on CPB. Stifel Nicolaus cut 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. TD Cowen increased their target price on Campbell’s from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. UBS Group cut their target price on Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a research report on Friday, August 29th. JPMorgan Chase & Co. began coverage on Campbell’s in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 target price on the stock. Finally, Cowen reaffirmed a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Campbell’s has an average rating of “Reduce” and an average target price of $34.82.

Read Our Latest Analysis on Campbell’s

About Campbell’s

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Campbell's (NASDAQ:CPB)

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