North Star Investment Management Corp. Sells 2,769 Shares of The Campbell’s Company $CPB

North Star Investment Management Corp. trimmed its position in shares of The Campbell’s Company (NASDAQ:CPB) by 24.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,592 shares of the company’s stock after selling 2,769 shares during the period. North Star Investment Management Corp.’s holdings in Campbell’s were worth $263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPB. Manchester Capital Management LLC increased its stake in Campbell’s by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock valued at $28,000 after acquiring an additional 637 shares during the period. NBC Securities Inc. bought a new position in Campbell’s during the first quarter valued at about $31,000. Geneos Wealth Management Inc. increased its stake in Campbell’s by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the period. Riverview Trust Co bought a new position in Campbell’s during the first quarter valued at about $46,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Campbell’s during the first quarter valued at approximately $47,000. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Stock Down 4.5%

Shares of CPB opened at $32.21 on Friday. The company has a market capitalization of $9.60 billion, a P/E ratio of 16.11, a PEG ratio of 11.72 and a beta of 0.05. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The Campbell’s Company has a one year low of $29.39 and a one year high of $49.74. The business’s 50 day simple moving average is $32.67 and its 200-day simple moving average is $34.34.

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

Campbell’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Campbell’s’s payout ratio is presently 78.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CPB. Stifel Nicolaus decreased their price objective on Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. UBS Group decreased their price objective on Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a report on Friday, August 29th. Morgan Stanley lifted their price objective on Campbell’s from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Royal Bank Of Canada decreased their price objective on Campbell’s from $44.00 to $38.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 3rd. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $34.00 price objective (down from $35.00) on shares of Campbell’s in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and an average price target of $34.82.

Campbell’s 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.