The Campbell’s Company $CPB Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,088,406 shares of the company’s stock after purchasing an additional 40,308 shares during the quarter. Bank of New York Mellon Corp owned 1.04% of Campbell’s worth $68,779,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Campbell’s during the 4th quarter worth about $1,596,000. Hsbc Holdings PLC raised its position in shares of Campbell’s by 644.9% in the 1st quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after buying an additional 1,613,873 shares during the period. Fluent Financial LLC purchased a new position in shares of Campbell’s in the 4th quarter worth about $6,173,000. Cerity Partners LLC lifted its stake in shares of Campbell’s by 190.3% in the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock valued at $74,715,000 after purchasing an additional 1,757,264 shares in the last quarter. Finally, AE Wealth Management LLC lifted its holdings in shares of Campbell’s by 2,690.1% during the 4th quarter. AE Wealth Management LLC now owns 807,341 shares of the company’s stock valued at $22,501,000 after acquiring an additional 778,405 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Stock Performance

NASDAQ:CPB opened at $21.88 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. The Campbell’s Company has a 52-week low of $19.56 and a 52-week high of $34.17. The firm has a market capitalization of $6.52 billion, a PE ratio of 10.83 and a beta of 0.02. The stock has a 50-day simple moving average of $21.66 and a two-hundred day simple moving average of $23.31.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The company had revenue of $2.37 billion during the quarter. During the same quarter last year, the business posted $0.22 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Analysts forecast that The Campbell’s Company will post 2.18 EPS for the current year.

Campbell’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 7.1%. Campbell’s’s payout ratio is currently 77.23%.

Analyst Ratings Changes

Several analysts have recently weighed in on CPB shares. Stephens downgraded Campbell’s from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $28.00 to $21.00 in a research note on Monday, June 1st. BTIG Research restated a “neutral” rating on shares of Campbell’s in a research note on Monday, June 8th. Morgan Stanley dropped their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Bank of America cut their price objective on Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Tuesday, June 9th. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $19.00 price target (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. Twelve analysts have rated the stock with a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat, Campbell’s has a consensus rating of “Reduce” and an average price target of $22.00.

Campbell’s 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.