Bleakley Financial Group LLC Takes Position in The Campbell’s Company $CPB

Bleakley Financial Group LLC acquired a new position in shares of The Campbell’s Company (NASDAQ:CPB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,016 shares of the company’s stock, valued at approximately $338,000.

Several other large investors also recently modified their holdings of CPB. World Investment Advisors acquired a new stake in Campbell’s in the first quarter worth $410,000. Teacher Retirement System of Texas bought a new position in shares of Campbell’s in the first quarter valued at $1,131,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Campbell’s by 24.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company’s stock valued at $534,000 after buying an additional 2,614 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Campbell’s by 13.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company’s stock valued at $1,027,000 after purchasing an additional 3,010 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Campbell’s by 182.0% during the first quarter. KBC Group NV now owns 498,216 shares of the company’s stock valued at $19,889,000 after purchasing an additional 321,520 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPB has been the topic of several research reports. Cowen reaffirmed a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. Barclays reduced their target price on shares of Campbell’s from $35.00 to $30.00 and set an “underweight” rating for the company in a research note on Monday, July 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Campbell’s in a research note on Friday. JPMorgan Chase & Co. assumed coverage on shares of Campbell’s in a research note on Wednesday, August 20th. They set a “neutral” rating and a $33.00 price objective for the company. Finally, Stifel Nicolaus cut their price target on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $34.82.

Campbell’s Trading Down 0.4%

NASDAQ:CPB opened at $30.93 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average of $32.10 and a 200 day moving average of $33.14. The firm has a market capitalization of $9.21 billion, a P/E ratio of 15.47, a P/E/G ratio of 10.75 and a beta of 0.02. The Campbell’s Company has a 52 week low of $29.39 and a 52 week high of $48.25.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 5.87% and a return on equity of 22.95%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.08 EPS. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, research analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

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 given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.0%. Campbell’s’s dividend payout ratio is currently 78.00%.

About Campbell’s

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.