Assetmark Inc. Boosts Stake in The Campbell’s Company $CPB

Assetmark Inc. increased its holdings in The Campbell’s Company (NASDAQ:CPB) by 623.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 59,726 shares of the company’s stock after buying an additional 51,470 shares during the quarter. Assetmark Inc.’s holdings in Campbell’s were worth $1,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its position in Campbell’s by 66.8% in the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock worth $29,000 after purchasing an additional 385 shares during the last quarter. Parvin Asset Management LLC bought a new stake in shares of Campbell’s during the 2nd quarter valued at $35,000. Geneos Wealth Management Inc. lifted its stake in shares of Campbell’s by 333.3% during the 1st 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. Kentucky Trust Co increased its stake in Campbell’s by 40.0% in the 3rd quarter. Kentucky Trust Co now owns 1,400 shares of the company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Finally, Country Trust Bank bought a new stake in Campbell’s during the second quarter valued at about $46,000. Institutional investors own 52.35% of the company’s stock.

Insider Buying and Selling at Campbell’s

In other news, EVP Charles A. Brawley III sold 11,550 shares of the stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total transaction of $325,017.00. Following the transaction, the executive vice president directly owned 43,777 shares in the company, valued at approximately $1,231,884.78. This trade represents a 20.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anthony Sanzio sold 2,700 shares of Campbell’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $26.51, for a total transaction of $71,577.00. Following the transaction, the executive vice president directly owned 25,264 shares in the company, valued at approximately $669,748.64. The trade was a 9.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 19.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CPB shares. Weiss Ratings cut Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Royal Bank Of Canada reduced their price objective on shares of Campbell’s from $35.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 10th. Wells Fargo & Company dropped their target price on shares of Campbell’s from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Sanford C. Bernstein decreased their price target on shares of Campbell’s from $39.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Finally, UBS Group cut their price objective on Campbell’s from $28.00 to $26.00 and set a “sell” rating for the company in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $32.29.

Campbell’s Price Performance

CPB stock opened at $26.96 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.34 and a debt-to-equity ratio of 1.54. The stock has a market cap of $8.04 billion, a PE ratio of 13.97, a P/E/G ratio of 9.67 and a beta of -0.04. The Campbell’s Company has a 12 month low of $25.62 and a 12 month high of $43.85. The company has a 50-day moving average price of $27.67 and a 200 day moving average price of $30.17.

Campbell’s (NASDAQ:CPB) last released its earnings results on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The firm had revenue of $2.68 billion for the quarter. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Equities research analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Company Profile

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.