The Campbell’s Company $CPB Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its position in The Campbell’s Company (NASDAQ:CPB) by 18.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,126 shares of the company’s stock after selling 31,174 shares during the period. Skylands Capital LLC’s holdings in Campbell’s were worth $2,799,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CPB. Dimensional Fund Advisors LP raised its holdings in Campbell’s by 23.3% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after purchasing an additional 1,933,814 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Campbell’s during the second quarter worth $79,090,000. First Trust Advisors LP grew its holdings in Campbell’s by 35.0% in the first quarter. First Trust Advisors LP now owns 2,820,793 shares of the company’s stock valued at $62,819,000 after purchasing an additional 731,393 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Campbell’s in the first quarter valued at $61,261,000. Finally, Hsbc Holdings PLC grew its holdings in Campbell’s by 644.9% in the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock valued at $41,319,000 after purchasing an additional 1,613,873 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CPB. Argus upgraded Campbell’s to a “hold” rating in a research report on Wednesday, September 30th. DA Davidson reiterated a “neutral” rating and issued a $20.00 price objective on shares of Campbell’s in a research report on Tuesday, September 8th. JPMorgan Chase & Co. boosted their price objective on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Evercore set a $21.00 price objective on shares of Campbell’s in a research note on Monday, September 14th. Finally, Jefferies Financial Group dropped their target price on shares of Campbell’s from $22.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, September 3rd. Twelve equities research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $19.88.

Campbell’s Price Performance

CPB stock opened at $19.56 on Thursday. The stock’s 50 day moving average price is $21.18 and its 200 day moving average price is $21.41. The firm has a market cap of $5.83 billion, a P/E ratio of 9.15, a PEG ratio of 2.34 and a beta of 0.06. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82. The Campbell’s Company has a 1 year low of $18.60 and a 1 year high of $32.04.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%. The company had revenue of $2.14 billion during the quarter. During the same period in the previous year, the business posted $0.62 EPS. The business’s quarterly revenue was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 1st. This is a decrease from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.1%. Campbell’s’s dividend payout ratio is 76.34%.

Campbell’s 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.