The Campbell’s Company $CPB Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its stake in The Campbell’s Company (NASDAQ:CPBFree Report) by 48.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 410,575 shares of the company’s stock after selling 391,828 shares during the period. Royal Bank of Canada owned 0.14% of Campbell’s worth $9,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Campbell’s during the 4th quarter valued at about $1,596,000. Hsbc Holdings PLC raised its stake in shares of Campbell’s by 644.9% in the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after purchasing an additional 1,613,873 shares during the last quarter. Saba Capital Management L.P. lifted its holdings in shares of Campbell’s by 556.6% during the first quarter. Saba Capital Management L.P. now owns 315,406 shares of the company’s stock worth $7,024,000 after purchasing an additional 267,372 shares during the period. Cerity Partners LLC lifted its holdings in shares of Campbell’s by 190.3% during the fourth quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock worth $74,715,000 after purchasing an additional 1,757,264 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Campbell’s by 23.3% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock valued at $228,026,000 after buying an additional 1,933,814 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on CPB shares. Morgan Stanley cut their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Bank of America decreased their price objective on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a research note on Tuesday, June 9th. DA Davidson raised shares of Campbell’s to a “hold” rating in a report on Monday, July 6th. William Blair assumed coverage on shares of Campbell’s in a research note on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Finally, Stifel Nicolaus raised their target price on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $21.20.

View Our Latest Stock Analysis on CPB

Campbell’s Stock Performance

CPB stock opened at $23.05 on Monday. The company’s 50-day simple moving average is $22.15 and its 200-day simple moving average is $22.96. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The Campbell’s Company has a 52-week low of $19.56 and a 52-week high of $34.17. The firm has a market cap of $6.87 billion, a P/E ratio of 11.41 and a beta of 0.02.

Campbell’s (NASDAQ:CPBGet Free Report) last posted its earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.Campbell’s’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, equities analysts forecast that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were given a $0.39 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.8%. Campbell’s’s payout ratio is 77.23%.

Campbell’s Profile

(Free Report)

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.

See Also

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

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