Traders Buy Large Volume of Campbell’s Call Options (NASDAQ:CPB)

The Campbell’s Company (NASDAQ:CPB) was the recipient of some unusual options trading on Wednesday. Stock traders bought 17,563 call options on the stock. This represents an increase of approximately 55% compared to the average daily volume of 11,310 call options.

Hedge Funds Weigh In On Campbell’s

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Investments LP increased its position in shares of Campbell’s by 534.8% during the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after acquiring an additional 4,159,398 shares during the last quarter. Brandywine Managers LLC purchased a new position in Campbell’s in the fourth quarter worth $92,793,000. Lazard Asset Management LLC bought a new position in Campbell’s in the 1st quarter valued at $61,261,000. Invesco Ltd. grew its stake in Campbell’s by 42.6% in the 3rd quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock valued at $252,505,000 after purchasing an additional 2,387,575 shares during the period. Finally, UBS Group AG increased its position in shares of Campbell’s by 175.7% during the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock valued at $117,823,000 after purchasing an additional 2,377,488 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CPB. UBS Group cut their target price on Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, June 9th. Morgan Stanley lowered their price objective on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. BNP Paribas Exane reduced their price objective on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a report on Thursday, April 2nd. Twelve investment analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Campbell’s presently has a consensus rating of “Reduce” and a consensus target price of $21.88.

Campbell’s Stock Up 5.1%

Campbell’s stock traded up $1.15 during trading on Wednesday, hitting $23.41. 4,693,806 shares of the company were exchanged, compared to its average volume of 8,919,416. The company has a market capitalization of $6.98 billion, a P/E ratio of 11.59 and a beta of 0.02. The business’s 50 day moving average is $21.13 and its 200 day moving average is $23.98. Campbell’s has a 52 week low of $19.56 and a 52 week 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.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, beating 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 business had revenue of $2.37 billion for the quarter. During the same quarter last year, the business posted $0.22 earnings per share. Campbell’s’s revenue was down 4.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Analysts predict that Campbell’s will post 2.18 earnings per share for the current year.

Campbell’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s dividend payout ratio is presently 77.23%.

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.