Campbell’s Sees Unusually High Options Volume (NASDAQ:CPB)

The Campbell’s Company (NASDAQ:CPB) was the recipient of some unusual options trading on Monday. Investors purchased 13,118 put options on the company. This is an increase of 47% compared to the average volume of 8,940 put options.

Campbell’s Stock Performance

Campbell’s stock opened at $20.17 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average of $24.49 and a 200-day moving average of $27.59. The firm has a market cap of $6.01 billion, a P/E ratio of 11.02 and a beta of 0.03. Campbell’s has a 1-year low of $19.79 and a 1-year high of $39.04.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Wednesday, March 11th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The firm had revenue of $2.56 billion for the quarter. Campbell’s had a return on equity of 19.96% and a net margin of 5.48%.The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Sell-side analysts expect that Campbell’s will post 3.15 EPS for the current year.

Campbell’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, April 2nd. Campbell’s’s dividend payout ratio is currently 85.25%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CPB shares. Zacks Research cut Campbell’s from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Wells Fargo & Company cut Campbell’s from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Campbell’s from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $26.00 price objective on shares of Campbell’s in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Campbell’s in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat, Campbell’s has a consensus rating of “Reduce” and an average price target of $26.89.

Institutional Trading of Campbell’s

A number of institutional investors have recently modified their holdings of CPB. State Street Corp lifted its holdings in Campbell’s by 1.3% in 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. lifted its holdings in Campbell’s by 21.6% in the fourth quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock worth $270,880,000 after buying an additional 1,723,676 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Campbell’s by 26.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,305,417 shares of the company’s stock worth $231,477,000 after buying an additional 1,758,460 shares during the period. Two Sigma Investments LP lifted its holdings in Campbell’s by 534.8% in the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after buying an additional 4,159,398 shares during the period. Finally, UBS Group AG lifted its holdings in Campbell’s by 175.7% in the third quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after buying an additional 2,377,488 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

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.