The Campbell’s Company $CPB Shares Sold by Tobam

Tobam lessened its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 3.5% during the second quarter, Holdings Channel.com reports. The fund owned 102,516 shares of the company’s stock after selling 3,702 shares during the period. Tobam’s holdings in Campbell’s were worth $3,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in shares of Campbell’s in the 2nd quarter worth $25,000. Manchester Capital Management LLC raised 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 worth $28,000 after acquiring an additional 637 shares in the last quarter. ORG Partners LLC lifted its holdings in Campbell’s by 77.3% in the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 395 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Campbell’s by 66.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock valued at $29,000 after purchasing an additional 385 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Campbell’s by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell’s Trading Up 3.0%

Campbell’s stock opened at $31.55 on Wednesday. The Campbell’s Company has a one year low of $29.39 and a one year high of $46.95. The company’s fifty day moving average price is $31.68 and its two-hundred day moving average price is $32.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 10.41 and a beta of 0.01.

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

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.9%. Campbell’s’s payout ratio is currently 78.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CPB. JPMorgan Chase & Co. initiated coverage on shares of Campbell’s in a report on Wednesday, August 20th. They set a “neutral” rating and a $33.00 target price for the company. Stifel Nicolaus reduced their target price on Campbell’s from $38.00 to $34.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Campbell’s in a report on Wednesday, October 8th. TD Cowen lifted their target price on Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, September 4th. Finally, UBS Group dropped their price objective on shares of Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a research note on Friday, August 29th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $34.82.

Campbell’s Company Profile

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.