The Campbell’s Company $CPB Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 262.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,643 shares of the company’s stock after acquiring an additional 110,543 shares during the period. Nisa Investment Advisors LLC’s holdings in Campbell’s were worth $3,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Comprehensive Financial Planning Inc. PA purchased a new stake in Campbell’s in the second quarter worth about $31,000. Versant Capital Management Inc lifted its holdings in shares of Campbell’s by 946.6% during the second quarter. Versant Capital Management Inc now owns 2,470 shares of the company’s stock valued at $55,000 after purchasing an additional 2,234 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of Campbell’s by 39.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 2,699 shares of the company’s stock valued at $60,000 after purchasing an additional 759 shares during the last quarter. Elevation Wealth Partners LLC purchased a new position in shares of Campbell’s during the second quarter valued at approximately $62,000. Finally, Parallel Advisors LLC boosted its position in shares of Campbell’s by 23.5% in the 1st quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock worth $62,000 after purchasing an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CPB shares. JPMorgan Chase & Co. boosted their price target on Campbell’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. BTIG Research reaffirmed a “neutral” rating on shares of Campbell’s in a research report on Friday, September 4th. Royal Bank Of Canada reduced their price objective on Campbell’s from $21.00 to $19.00 and set a “sector perform” rating for the company in a research report on Friday, September 4th. Stifel Nicolaus lifted their price objective on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group dropped their target price on Campbell’s from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, September 3rd. Twelve 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, the company has a consensus rating of “Reduce” and an average price target of $19.88.

Campbell’s Price Performance

Shares of CPB opened at $20.73 on Friday. The company has a market capitalization of $6.18 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 2.44 and a beta of 0.06. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60. The firm has a 50 day moving average of $21.09 and a 200 day moving average of $21.40. The Campbell’s Company has a twelve month low of $18.60 and a twelve month high of $32.04.

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, hitting analysts’ consensus estimates of $0.39. The company had revenue of $2.14 billion during the quarter. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. Campbell’s’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous 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 anticipate that The Campbell’s Company will post 1.70 earnings per share for the current fiscal year.

Campbell’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a negative change from Campbell’s’s previous quarterly dividend of $0.39. Campbell’s’s dividend payout ratio is 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.