The Campbell’s Company $CPB Shares Sold by Aviva PLC

Aviva PLC lowered its holdings in The Campbell’s Company (NASDAQ:CPB) by 25.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 453,336 shares of the company’s stock after selling 151,499 shares during the period. Aviva PLC’s holdings in Campbell’s were worth $13,895,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in shares of Campbell’s by 14.8% in the 1st quarter. Victory Capital Management Inc. now owns 514,377 shares of the company’s stock worth $20,534,000 after acquiring an additional 66,486 shares during the period. Hussman Strategic Advisors Inc. boosted its stake in Campbell’s by 14.3% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 168,000 shares of the company’s stock valued at $6,707,000 after purchasing an additional 21,000 shares during the period. Wealthfront Advisers LLC grew its position in Campbell’s by 48.5% in the 1st quarter. Wealthfront Advisers LLC now owns 198,870 shares of the company’s stock worth $7,939,000 after purchasing an additional 64,983 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Campbell’s by 148.8% in the second quarter. GAMMA Investing LLC now owns 20,063 shares of the company’s stock valued at $615,000 after purchasing an additional 11,999 shares during the period. Finally, Sigma Planning Corp raised its holdings in shares of Campbell’s by 51.9% during the first quarter. Sigma Planning Corp now owns 43,893 shares of the company’s stock valued at $1,752,000 after buying an additional 14,988 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPB. Bank of America increased their price objective on Campbell’s from $29.00 to $30.00 and gave the stock an “underperform” rating in a report on Thursday, September 4th. Piper Sandler reissued a “neutral” rating and set a $34.00 price target (down from $35.00) on shares of Campbell’s in a report on Thursday, August 7th. Wells Fargo & Company lifted their price objective on shares of Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Cowen reiterated a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. Finally, TD Cowen raised their target price on shares of Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Campbell’s currently has a consensus rating of “Reduce” and a consensus target price of $34.82.

Campbell’s Stock Performance

NASDAQ:CPB opened at $31.55 on Wednesday. The company has a 50-day moving average of $31.68 and a 200-day moving average of $32.51. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 10.41 and a beta of 0.01. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The Campbell’s Company has a twelve month low of $29.39 and a twelve month high of $46.95.

Campbell’s (NASDAQ:CPB) last released its earnings results on Wednesday, September 3rd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The business had revenue of $2.32 billion during 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 business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.08 earnings per share. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, October 2nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, October 2nd. Campbell’s’s payout ratio is presently 78.00%.

Campbell’s Company Profile

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.