Brookstone Capital Management Boosts Holdings in The Campbell’s Company $CPB

Brookstone Capital Management boosted its position in The Campbell’s Company (NASDAQ:CPB) by 29.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,979 shares of the company’s stock after purchasing an additional 7,192 shares during the quarter. Brookstone Capital Management’s holdings in Campbell’s were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in Campbell’s by 6.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 237,552 shares of the company’s stock worth $7,306,000 after purchasing an additional 15,214 shares in the last quarter. Stephens Inc. AR lifted its stake in Campbell’s by 12.0% in the 2nd quarter. Stephens Inc. AR now owns 141,679 shares of the company’s stock worth $4,351,000 after purchasing an additional 15,181 shares in the last quarter. West Tower Group LLC purchased a new stake in Campbell’s in the 2nd quarter worth approximately $306,000. TrueMark Investments LLC lifted its stake in Campbell’s by 18.7% in the 2nd quarter. TrueMark Investments LLC now owns 160,242 shares of the company’s stock worth $4,911,000 after purchasing an additional 25,200 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its position in shares of Campbell’s by 0.7% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 104,200 shares of the company’s stock valued at $3,194,000 after buying an additional 764 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CPB shares. UBS Group lowered their price objective on shares of Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a research report on Friday, August 29th. Bank of America raised their price objective on shares of Campbell’s from $29.00 to $30.00 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Stifel Nicolaus lowered their price objective on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Piper Sandler restated a “neutral” rating and set a $34.00 price objective (down previously from $35.00) on shares of Campbell’s in a research report on Thursday, August 7th. Finally, Morgan Stanley raised their price objective on shares of Campbell’s from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $34.82.

Campbell’s Price Performance

CPB stock opened at $30.93 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77. The Campbell’s Company has a 52 week low of $29.39 and a 52 week high of $48.25. The firm’s fifty day moving average is $32.10 and its 200 day moving average is $33.18. The firm has a market cap of $9.21 billion, a P/E ratio of 15.47, a P/E/G ratio of 10.75 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.08 EPS. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Campbell’s’s dividend payout ratio (DPR) is 78.00%.

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.