Fifth Third Bancorp Purchases 39,897 Shares of The Campbell’s Company $CPB

Fifth Third Bancorp raised its position in The Campbell’s Company (NASDAQ:CPB) by 310.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,740 shares of the company’s stock after acquiring an additional 39,897 shares during the period. Fifth Third Bancorp’s holdings in Campbell’s were worth $1,175,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Campbell’s during the fourth quarter worth $29,000. Sittner & Nelson LLC bought a new stake in Campbell’s in the 4th quarter valued at $29,000. Los Angeles Capital Management LLC acquired a new position in shares of Campbell’s in the 4th quarter valued at $29,000. Ankerstar Wealth LLC acquired a new stake in shares of Campbell’s during the 4th quarter valued at about $29,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of Campbell’s during the 4th quarter valued at about $33,000. Institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CPB shares. Deutsche Bank Aktiengesellschaft lowered 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. Wells Fargo & Company lowered Campbell’s from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $20.00 to $18.00 in a research note on Wednesday, April 8th. Royal Bank Of Canada lowered their price target on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 9th. Stifel Nicolaus increased their price objective on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, William Blair assumed coverage on Campbell’s in a report on Tuesday, June 23rd. They set a “market perform” rating for the company. Twelve analysts have rated the stock with a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat.com, Campbell’s presently has an average rating of “Reduce” and a consensus price target of $22.00.

Campbell’s Stock Performance

NASDAQ CPB opened at $21.84 on Friday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 10.81 and a beta of 0.02. The company has a 50 day moving average of $21.72 and a 200-day moving average of $23.26. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53. The Campbell’s Company has a 1-year low of $19.56 and a 1-year high of $34.17.

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

Campbell’s Announces Dividend

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

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.