The Campbell’s Company $CPB Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its position in The Campbell’s Company (NASDAQ:CPB) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,750 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Campbell’s were worth $2,444,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CPB. Ameritas Advisory Services LLC acquired a new stake in Campbell’s in the second quarter valued at approximately $25,000. Manchester Capital Management LLC grew its position in Campbell’s by 923.2% in the first quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock valued at $28,000 after acquiring an additional 637 shares in the last quarter. ORG Partners LLC grew its position in Campbell’s by 77.3% in the second quarter. ORG Partners LLC now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 395 shares in the last quarter. NBC Securities Inc. acquired a new stake in Campbell’s in the first quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. grew its position in Campbell’s by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Stock Performance

Shares of CPB opened at $30.39 on Friday. The business’s fifty day moving average price is $32.45 and its 200 day moving average price is $33.74. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $49.11. The stock has a market capitalization of $9.05 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 10.56 and a beta of 0.02. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the business posted $3.08 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Equities research analysts forecast that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Thursday, October 2nd. Campbell’s’s dividend payout ratio (DPR) is presently 78.00%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America increased their price objective on shares of Campbell’s from $29.00 to $30.00 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Campbell’s in a research report on Wednesday. Argus cut Campbell’s from a “buy” rating to a “hold” rating in a research note on Friday, June 20th. JPMorgan Chase & Co. began coverage on Campbell’s in a research note on Wednesday, August 20th. They set a “neutral” rating and a $33.00 target price for the company. Finally, Zacks Research upgraded Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $34.82.

About Campbell’s

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.