The Campbell’s Company $CPB Shares Sold by Foundation Resource Management Inc.

Foundation Resource Management Inc. trimmed its position in The Campbell’s Company (NASDAQ:CPB) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,624 shares of the company’s stock after selling 30,336 shares during the quarter. Foundation Resource Management Inc.’s holdings in Campbell’s were worth $6,616,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Campbell’s by 1.2% during the first quarter. Kornitzer Capital Management Inc. KS now owns 42,470 shares of the company’s stock worth $946,000 after buying an additional 520 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Campbell’s by 23.5% in the first quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock valued at $62,000 after acquiring an additional 532 shares during the period. William B. Walkup & Associates Inc. grew its stake in shares of Campbell’s by 24.4% in the first quarter. William B. Walkup & Associates Inc. now owns 3,089 shares of the company’s stock valued at $69,000 after acquiring an additional 605 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Campbell’s by 39.1% in the first quarter. Resona Asset Management Co. Ltd. now owns 2,699 shares of the company’s stock valued at $60,000 after acquiring an additional 759 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its stake in shares of Campbell’s by 6.2% in the second quarter. Swiss Life Asset Management Ltd now owns 14,944 shares of the company’s stock valued at $333,000 after acquiring an additional 876 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

CPB has been the topic of a number of recent research reports. Evercore set a $21.00 price target on shares of Campbell’s in a research report on Monday, September 14th. DA Davidson reissued a “neutral” rating and issued a $20.00 price objective on shares of Campbell’s in a report on Tuesday, September 8th. Stephens set a $20.00 price objective on shares of Campbell’s in a report on Friday, August 28th. Royal Bank Of Canada decreased their target price on shares of Campbell’s from $21.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Friday, September 4th. Finally, BTIG Research restated a “neutral” rating on shares of Campbell’s in a research report on Friday, September 4th. Twelve equities research analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat, Campbell’s currently has a consensus rating of “Reduce” and an average price target of $19.88.

Campbell’s Price Performance

Campbell’s stock traded down $0.41 during mid-day trading on Monday, reaching $19.46. 6,889,322 shares of the company were exchanged, compared to its average volume of 8,258,209. The company has a fifty day simple moving average of $21.36 and a 200-day simple moving average of $21.47. The Campbell’s Company has a 12 month low of $18.60 and a 12 month high of $32.04. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.82 and a quick ratio of 0.33. The firm has a market cap of $5.80 billion, a PE ratio of 14.85, a PEG ratio of 2.34 and a beta of 0.06.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.14 billion during the quarter. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%. Campbell’s’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, equities research analysts expect that The Campbell’s Company will post 1.70 earnings per share for the current fiscal year.

Campbell’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.25 per share. This is a decrease from Campbell’s’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 5.1%. Campbell’s’s payout ratio is currently 76.34%.

Campbell’s Company Profile

Campbell’s, formerly known as Campbell Soup Company, is a food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.

Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell’s, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo’s and Rao’s.

Campbell’s serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.