Connor Clark & Lunn Investment Management Ltd. Makes New $1.89 Million Investment in The Campbell’s Company $CPB

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of The Campbell’s Company (NASDAQ:CPB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 61,686 shares of the company’s stock, valued at approximately $1,891,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CPB. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Campbell’s by 10.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 360,366 shares of the company’s stock valued at $11,045,000 after acquiring an additional 33,262 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Campbell’s by 125.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,600 shares of the company’s stock valued at $49,000 after purchasing an additional 891 shares in the last quarter. AE Wealth Management LLC purchased a new stake in shares of Campbell’s during the 2nd quarter worth about $212,000. Fox Run Management L.L.C. acquired a new stake in Campbell’s during the 2nd quarter worth approximately $882,000. Finally, Metis Global Partners LLC raised its holdings in Campbell’s by 5.1% in the second quarter. Metis Global Partners LLC now owns 17,749 shares of the company’s stock valued at $544,000 after buying an additional 854 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Stock Performance

Shares of CPB opened at $31.29 on Monday. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 10.41 and a beta of 0.01. 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 business’s 50 day moving average is $31.54 and its two-hundred day moving average is $32.40. The Campbell’s Company has a 52-week low of $29.39 and a 52-week high of $46.95.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the firm earned $3.08 earnings per share. The business’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. Analysts forecast that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, October 2nd were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Thursday, October 2nd. Campbell’s’s dividend payout ratio (DPR) is 78.00%.

Wall Street Analyst Weigh In

CPB has been the subject of several research reports. JPMorgan Chase & Co. began coverage on shares of Campbell’s in a research note on Wednesday, August 20th. They set a “neutral” rating and a $33.00 price objective for the company. Morgan Stanley lifted their target price on shares of Campbell’s from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. TD Cowen increased 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. Bank of America raised their price objective on Campbell’s from $29.00 to $30.00 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Finally, Wells Fargo & Company upped their target price on Campbell’s from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 25th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $34.82.

Campbell’s Company 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.