Aberdeen Group plc Trims Position in The Campbell’s Company $CPB

Aberdeen Group plc decreased its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 92.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,309 shares of the company’s stock after selling 146,436 shares during the quarter. Aberdeen Group plc’s holdings in Campbell’s were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPB. State Street Corp lifted its position in Campbell’s by 1.3% during the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after buying an additional 149,679 shares during the period. Invesco Ltd. increased its stake in shares of Campbell’s by 12.9% during the 2nd quarter. Invesco Ltd. now owns 5,608,158 shares of the company’s stock valued at $171,890,000 after acquiring an additional 642,490 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Campbell’s by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,576,573 shares of the company’s stock worth $170,279,000 after acquiring an additional 121,777 shares during the period. LSV Asset Management lifted its holdings in shares of Campbell’s by 1.8% during the 2nd quarter. LSV Asset Management now owns 3,941,400 shares of the company’s stock worth $120,804,000 after acquiring an additional 71,200 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Campbell’s in the third quarter worth approximately $77,940,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Charles A. Brawley III sold 11,550 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total transaction of $325,017.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony Sanzio sold 2,700 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the transaction, the executive vice president owned 25,264 shares in the company, valued at $669,748.64. This trade represents a 9.66% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 19.78% of the company’s stock.

Campbell’s Stock Down 0.5%

NASDAQ:CPB opened at $26.83 on Monday. The Campbell’s Company has a 1-year low of $25.62 and a 1-year high of $43.85. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 9.42 and a beta of -0.04. 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 business’s fifty day moving average price is $27.63 and its 200 day moving average price is $30.09.

Campbell’s (NASDAQ:CPB) last issued its earnings results on Tuesday, December 9th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The company 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 company’s revenue for the quarter was down 3.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, sell-side analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CPB shares. DA Davidson reaffirmed a “neutral” rating and set a $30.00 price target on shares of Campbell’s in a research report on Thursday, December 11th. Weiss Ratings cut shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. UBS Group dropped their price objective on Campbell’s from $28.00 to $26.00 and set a “sell” rating for the company in a report on Wednesday, December 10th. Morgan Stanley cut their target price on Campbell’s from $30.00 to $28.00 and set a “cautious” rating on the stock in a research report on Friday, January 16th. Finally, Sanford C. Bernstein reduced their target price on Campbell’s from $39.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $32.29.

About Campbell’s

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.