Campbell’s (NASDAQ:CPB) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Campbell’s (NASDAQ:CPB) issued its earnings results on Monday. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08, RTT News reports. Campbell’s had a net margin of 5.57% and a return on equity of 23.79%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Campbell’s updated its FY 2025 guidance to 2.950-2.950 EPS.

Campbell’s Stock Up 0.0%

Shares of NASDAQ CPB opened at $34.26 on Wednesday. The stock has a market cap of $10.22 billion, a P/E ratio of 18.72, a P/E/G ratio of 2.71 and a beta of 0.14. The firm has a 50 day moving average price of $36.42 and a 200 day moving average price of $39.17. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell’s has a 52-week low of $32.95 and a 52-week high of $52.81.

Campbell’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Thursday, July 3rd. Campbell’s’s dividend payout ratio is currently 90.17%.

Insider Activity

In other news, EVP Charles A. Brawley III sold 2,498 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares in the company, valued at $1,504,727.70. This represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in Campbell’s by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the last quarter. Woodline Partners LP raised its position in Campbell’s by 40.9% during the first quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock worth $664,000 after acquiring an additional 4,827 shares in the last quarter. Empowered Funds LLC bought a new stake in Campbell’s during the first quarter worth $446,000. Goldman Sachs Group Inc. raised its position in Campbell’s by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock worth $26,369,000 after acquiring an additional 27,374 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Campbell’s by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock worth $777,000 after acquiring an additional 685 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays cut their price target on shares of Campbell’s from $40.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday. Stephens dropped their target price on shares of Campbell’s from $48.00 to $43.00 in a research note on Wednesday, May 28th. Piper Sandler dropped their target price on shares of Campbell’s from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Bank of America dropped their target price on shares of Campbell’s from $37.00 to $33.00 and set an “underperform” rating for the company in a research note on Tuesday. Finally, UBS Group assumed coverage on shares of Campbell’s in a research note on Wednesday, April 23rd. They issued a “sell” rating and a $36.00 target price for the company. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.39.

About Campbell’s

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.