Midwest Trust Co Takes $879,000 Position in The Campbell’s Company $CPB

Midwest Trust Co bought a new position in The Campbell’s Company (NASDAQ:CPB) during the 2nd quarter, HoldingsChannel reports. The fund bought 28,687 shares of the company’s stock, valued at approximately $879,000.

Other hedge funds have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC lifted its stake in Campbell’s by 619.9% in the second quarter. Campbell & CO Investment Adviser LLC now owns 110,964 shares of the company’s stock worth $3,401,000 after acquiring an additional 95,551 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Campbell’s during the 2nd quarter worth approximately $1,891,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Campbell’s by 10.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 360,366 shares of the company’s stock worth $11,045,000 after acquiring an additional 33,262 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Campbell’s by 125.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,600 shares of the company’s stock worth $49,000 after purchasing an additional 891 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in Campbell’s in the second quarter worth $212,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group dropped 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 note on Friday, August 29th. Cowen reissued a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. Sanford C. Bernstein lifted their target price on Campbell’s from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Wells Fargo & Company upped their price target on Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, September 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Campbell’s in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $34.82.

Campbell’s Stock Up 3.0%

NASDAQ CPB opened at $31.55 on Wednesday. The company has a market capitalization of $9.39 billion, a P/E ratio of 15.78, a P/E/G ratio of 10.41 and a beta of 0.01. The Campbell’s Company has a one year low of $29.39 and a one year high of $46.95. The stock has a 50 day moving average price of $31.68 and a 200-day moving average price of $32.51. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77.

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

Campbell’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, October 2nd were paid a $0.39 dividend. The ex-dividend date was Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.9%. 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.