Berkshire Asset Management LLC PA Invests $1.27 Million in The Campbell’s Company $CPB

Berkshire Asset Management LLC PA acquired a new position in The Campbell’s Company (NASDAQ:CPB) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,223 shares of the company’s stock, valued at approximately $1,270,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new position in Campbell’s in the 3rd quarter worth approximately $77,940,000. Norges Bank bought a new stake in shares of Campbell’s during the 2nd quarter worth $40,967,000. Qube Research & Technologies Ltd grew its position in Campbell’s by 2,283.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,154,599 shares of the company’s stock worth $35,388,000 after acquiring an additional 1,106,166 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Campbell’s by 596.3% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,086,092 shares of the company’s stock valued at $33,289,000 after acquiring an additional 930,120 shares during the last quarter. Finally, Jump Financial LLC raised its position in Campbell’s by 5,100.8% during the second quarter. Jump Financial LLC now owns 917,949 shares of the company’s stock valued at $28,135,000 after purchasing an additional 900,299 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell’s Stock Performance

Shares of CPB stock opened at $29.49 on Monday. The company has a market capitalization of $8.79 billion, a P/E ratio of 15.28, a PEG ratio of 10.35 and a beta of -0.04. The Campbell’s Company has a fifty-two week low of $25.62 and a fifty-two week high of $43.85. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.82. The stock has a 50 day moving average price of $27.74 and a two-hundred day moving average price of $30.26.

Campbell’s (NASDAQ:CPB) last issued its earnings results on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.73 by $0.04. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The company had revenue of $2.68 billion for the quarter. 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. Analysts expect that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 8th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Thursday, January 8th. Campbell’s’s dividend payout ratio is currently 80.83%.

Insider Activity

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on CPB. DA Davidson reiterated a “neutral” rating and issued a $30.00 price objective on shares of Campbell’s in a report on Thursday, December 11th. Barclays set a $27.00 target price on Campbell’s in a research note on Friday, January 16th. UBS Group reduced their price target on shares of Campbell’s from $28.00 to $26.00 and set a “sell” rating on the stock in a research report on Wednesday, December 10th. Sanford C. Bernstein lowered their price objective on shares of Campbell’s from $39.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Finally, 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. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $32.29.

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.