30,336 The Campbell’s Company $CPB Shares Sold by Foundation Resource Management Inc.

Foundation Resource Management Inc. lessened its position in The Campbell’s Company (NASDAQ:CPB – Free Report) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,624 shares of the company’s stock after selling 30,336 shares during the period. Foundation Resource Management Inc. owned about 0.11% of Campbell’s worth $6,616,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Campbell’s in the 2nd quarter valued at about $31,000. Versant Capital Management Inc grew its holdings in Campbell’s by 946.6% during the second quarter. Versant Capital Management Inc now owns 2,470 shares of the company’s stock worth $55,000 after purchasing an additional 2,234 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in Campbell’s by 39.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 2,699 shares of the company’s stock worth $60,000 after purchasing an additional 759 shares during the period. Parallel Advisors LLC grew its holdings in Campbell’s by 23.5% during the first quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock worth $62,000 after purchasing an additional 532 shares during the period. Finally, Elevation Wealth Partners LLC acquired a new position in Campbell’s during the second quarter worth approximately $62,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Stock Performance

Shares of NASDAQ CPB traded down $0.41 during mid-day trading on Monday, reaching $19.46. 6,889,322 shares of the company were exchanged, compared to its average volume of 8,258,209. The company’s 50-day simple moving average is $21.36 and its 200-day simple moving average is $21.47. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $5.80 billion, a P/E ratio of 14.85, a P/E/G ratio of 2.34 and a beta of 0.06. The Campbell’s Company has a twelve month low of $18.60 and a twelve month high of $32.04.

Campbell’s (NASDAQ:CPB – Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The business had revenue of $2.14 billion during the quarter. During the same period in the previous year, the firm posted $0.62 EPS. The business’s quarterly revenue was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, research analysts predict that The Campbell’s Company will post 1.70 earnings per share for the current year.

Campbell’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.1%. This is a drop from Campbell’s’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, October 1st. Campbell’s’s dividend payout ratio (DPR) is 76.34%.

Wall Street Analysts Forecast Growth

CPB has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on Campbell’s from $21.00 to $19.00 and set a “sector perform” rating on the stock in a research note on Friday, September 4th. Barclays reduced their target price on Campbell’s from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, September 4th. UBS Group boosted their target price on Campbell’s from $18.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, September 4th. JPMorgan Chase & Co. boosted their target price on Campbell’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Finally, William Blair initiated coverage on Campbell’s in a research note on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Twelve research analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $19.88.

Read Our Latest Stock Analysis on CPB

Campbell’s Profile

(Free Report)

Campbell’s, formerly known as Campbell Soup Company, is a food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.

Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell’s, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo’s and Rao’s.

Campbell’s serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.

Further Reading

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Institutional Ownership by Quarter for Campbell's (NASDAQ:CPB)

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