The Campbell’s Company $CPB Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 48.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,575 shares of the company’s stock after selling 391,828 shares during the period. Royal Bank of Canada’s holdings in Campbell’s were worth $9,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new position in shares of Campbell’s during the fourth quarter valued at approximately $29,000. Sittner & Nelson LLC purchased a new stake in shares of Campbell’s during the fourth quarter worth approximately $29,000. Los Angeles Capital Management LLC purchased a new stake in shares of Campbell’s during the fourth quarter worth approximately $29,000. Ankerstar Wealth LLC acquired a new position in Campbell’s in the 4th quarter valued at $29,000. Finally, IMA Advisory Services Inc. acquired a new position in Campbell’s in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CPB. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Campbell’s in a research note on Tuesday, June 30th. DA Davidson upgraded shares of Campbell’s to a “hold” rating in a research report on Monday, July 6th. BTIG Research reissued a “neutral” rating on shares of Campbell’s in a research note on Monday, June 8th. William Blair started coverage on shares of Campbell’s in a research report on Tuesday, June 23rd. They set a “market perform” rating on the stock. Finally, Morgan Stanley lowered their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Eleven analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Campbell’s has an average rating of “Reduce” and a consensus target price of $21.20.

Campbell’s Price Performance

Shares of NASDAQ:CPB opened at $23.05 on Monday. The Campbell’s Company has a 52-week low of $19.56 and a 52-week high of $34.17. The stock has a market cap of $6.87 billion, a P/E ratio of 11.41 and a beta of 0.02. The business has a fifty day moving average of $22.15 and a two-hundred day moving average of $22.96. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, research analysts expect that The Campbell’s Company will post 2.18 earnings per share for the current year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.8%. The ex-dividend date was Thursday, July 2nd. Campbell’s’s 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.