Gamco Investors INC. ET AL Raises Stock Position in The Campbell’s Company $CPB

Gamco Investors INC. ET AL grew its stake in The Campbell’s Company (NASDAQ:CPB) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 711,779 shares of the company’s stock after buying an additional 68,409 shares during the period. Gamco Investors INC. ET AL’s holdings in Campbell’s were worth $15,851,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CPB. Public Employees Retirement System of Ohio lifted its position in Campbell’s by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock valued at $1,913,000 after acquiring an additional 376 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Campbell’s by 8.1% in the fourth 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 in the last quarter. New England Asset Management Inc. grew its holdings in shares of Campbell’s by 0.6% during the third quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock worth $2,064,000 after purchasing an additional 380 shares during the last quarter. Horizon Investments LLC grew its holdings 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 purchasing an additional 390 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased 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 purchasing an additional 440 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell’s Stock Up 2.0%

Campbell’s stock opened at $21.84 on Friday. The Campbell’s Company has a twelve month low of $19.56 and a twelve month high of $34.17. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53. The stock has a 50 day moving average of $21.72 and a two-hundred day moving average of $23.26. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.81 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last issued 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 return on equity of 18.04% and a net margin of 6.12%.The firm had revenue of $2.37 billion during the quarter. During the same period in the prior year, the business earned $0.22 earnings per share. Campbell’s’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. As a group, research analysts expect that The Campbell’s Company will post 2.18 earnings per share for the current year.

Campbell’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s dividend payout ratio is currently 77.23%.

Wall Street Analysts Forecast Growth

CPB has been the subject of several research reports. Stephens downgraded Campbell’s from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $28.00 to $21.00 in a report on Monday, June 1st. BTIG Research restated a “neutral” rating on shares of Campbell’s in a research note on Monday, June 8th. Barclays cut their price target on Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Monday, June 8th. UBS Group reduced their price objective on Campbell’s from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, June 9th. Finally, Bank of America decreased their price objective on Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a report on Tuesday, June 9th. Twelve investment analysts have rated the stock with a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat, Campbell’s currently has a consensus rating of “Reduce” and an average price target of $22.00.

About Campbell’s

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.