Parvin Asset Management LLC Makes New Investment in The Campbell’s Company $CPB

Parvin Asset Management LLC bought a new position in The Campbell’s Company (NASDAQ:CPBFree Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,285 shares of the company’s stock, valued at approximately $652,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its holdings in Campbell’s by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock worth $1,913,000 after buying an additional 376 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Campbell’s by 8.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $142,000 after acquiring an additional 380 shares during the period. New England Asset Management Inc. raised its holdings in Campbell’s by 0.6% during the 3rd quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock valued at $2,064,000 after acquiring an additional 380 shares during the period. Horizon Investments LLC lifted its position in shares of Campbell’s by 10.2% during the fourth quarter. Horizon Investments LLC now owns 4,228 shares of the company’s stock worth $116,000 after acquiring an additional 390 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Campbell’s by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 90,311 shares of the company’s stock worth $2,517,000 after acquiring an additional 440 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. William Blair started coverage on Campbell’s in a research report on Tuesday, June 23rd. They issued a “market perform” rating for the company. Zacks Research raised Campbell’s from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a research note on Tuesday, June 30th. Barclays reduced their target price on Campbell’s from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Monday, June 8th. Finally, Bank of America decreased their price target on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 9th. Twelve analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, Campbell’s presently has an average rating of “Reduce” and an average price target of $20.40.

Get Our Latest Analysis on Campbell’s

Campbell’s Stock Down 1.0%

Shares of NASDAQ:CPB opened at $23.23 on Thursday. The firm has a fifty day moving average price of $22.53 and a two-hundred day moving average price of $22.60. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 11.50 and a beta of 0.02. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The Campbell’s Company has a one year low of $19.56 and a one year high of $34.17.

Campbell’s (NASDAQ:CPBGet Free Report) last released its quarterly earnings results on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The firm had revenue of $2.37 billion for the quarter. During the same period in the previous year, the company posted $0.22 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Analysts anticipate that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

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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