Gabelli Funds LLC Lowers Holdings in The Campbell’s Company $CPB

Gabelli Funds LLC decreased its position in The Campbell’s Company (NASDAQ:CPB) by 30.8% in the fourth quarter, Holdings Channel reports. The firm owned 456,525 shares of the company’s stock after selling 203,394 shares during the period. Gabelli Funds LLC’s holdings in Campbell’s were worth $12,723,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CPB. Hillman Capital Management Inc. lifted its holdings in Campbell’s by 83.7% during the third quarter. Hillman Capital Management Inc. now owns 173,034 shares of the company’s stock worth $5,464,000 after buying an additional 78,824 shares during the period. Berkshire Asset Management LLC PA purchased a new stake in Campbell’s during the third quarter worth $1,270,000. Ashton Thomas Private Wealth LLC purchased a new stake in Campbell’s during the fourth quarter worth $1,596,000. Natixis Advisors LLC purchased a new stake in Campbell’s during the third quarter worth $12,992,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Campbell’s during the third quarter worth $77,940,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CPB shares. Sanford C. Bernstein lowered Campbell’s from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $27.00 to $21.00 in a report on Monday, April 27th. TD Cowen lowered their target price on Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Royal Bank Of Canada lowered their target price on Campbell’s from $30.00 to $26.00 and set a “sector perform” rating for the company in a report on Thursday, March 12th. DA Davidson restated a “neutral” rating and set a $30.00 target price on shares of Campbell’s in a report on Thursday, March 12th. Finally, Stifel Nicolaus lowered their target price on Campbell’s from $25.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, Campbell’s currently has an average rating of “Reduce” and a consensus target price of $26.06.

Campbell’s Trading Down 0.6%

Campbell’s stock opened at $20.21 on Wednesday. The stock has a 50-day moving average of $21.18 and a two-hundred day moving average of $25.85. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.51 and a current ratio of 1.01. The Campbell’s Company has a one year low of $19.76 and a one year high of $36.03. The stock has a market cap of $6.03 billion, a PE ratio of 11.04 and a beta of 0.01.

Campbell’s (NASDAQ:CPB) last issued its earnings results on Wednesday, March 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The firm had revenue of $2.56 billion during the quarter. Campbell’s had a return on equity of 19.96% and a net margin of 5.48%.Campbell’s’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, research analysts anticipate that The Campbell’s Company will post 2.19 EPS for the current fiscal year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a $0.39 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 7.7%. Campbell’s’s dividend payout ratio (DPR) is 85.25%.

Campbell’s Profile

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.