Rhumbline Advisers Has $15.26 Million Position in The Campbell’s Company $CPB

Rhumbline Advisers decreased its position in shares of The Campbell’s Company (NASDAQ:CPB) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 483,059 shares of the company’s stock after selling 38,426 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Campbell’s worth $15,255,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Campbell’s by 1.3% during the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock valued at $366,585,000 after acquiring an additional 149,679 shares during the period. Invesco Ltd. boosted its stake in shares of Campbell’s by 12.9% in the 2nd quarter. Invesco Ltd. now owns 5,608,158 shares of the company’s stock valued at $171,890,000 after purchasing an additional 642,490 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Campbell’s by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,576,573 shares of the company’s stock valued at $170,279,000 after purchasing an additional 121,777 shares during the last quarter. LSV Asset Management grew its position 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 buying an additional 71,200 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Campbell’s during the third quarter worth approximately $77,940,000. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Campbell’s from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Weiss Ratings lowered Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Royal Bank Of Canada dropped their price objective on Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, December 10th. Barclays set a $27.00 target price on Campbell’s in a research note on Friday, January 16th. Finally, Stephens decreased their target price on Campbell’s from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $32.29.

Insider Activity

In other Campbell’s news, EVP Charles A. Brawley III sold 11,550 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total value of $325,017.00. Following the sale, the executive vice president owned 43,777 shares in the company, valued at approximately $1,231,884.78. The trade was a 20.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Anthony Sanzio sold 2,700 shares of the company’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 transaction, the executive vice president directly owned 25,264 shares of the company’s stock, valued at approximately $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 Price Performance

NASDAQ CPB opened at $27.53 on Thursday. 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 market cap of $8.21 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 9.75 and a beta of -0.04. The business has a 50 day simple moving average of $27.70 and a 200 day simple moving average of $30.19. The Campbell’s Company has a 52-week low of $25.62 and a 52-week high of $43.85.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.77 earnings per share for the quarter, beating 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 during the quarter. The company’s revenue 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 anticipate that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

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.