The Campbell’s Company $CPB Stake Lowered by Legal & General Group Plc

Legal & General Group Plc cut its stake in The Campbell’s Company (NASDAQ:CPB) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,003,719 shares of the company’s stock after selling 254,861 shares during the quarter. Legal & General Group Plc owned approximately 0.34% of Campbell’s worth $30,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CPB. New England Asset Management Inc. grew its stake in Campbell’s by 0.6% in the first quarter. New England Asset Management Inc. now owns 64,690 shares of the company’s stock valued at $2,582,000 after purchasing an additional 370 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Campbell’s by 22.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company’s stock valued at $64,000 after buying an additional 384 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings 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 buying an additional 385 shares during the last quarter. ORG Partners LLC grew its stake in shares of 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 buying an additional 395 shares in the last quarter. Finally, Howe & Rusling Inc. grew its stake in shares of Campbell’s by 3.5% in the 1st quarter. Howe & Rusling Inc. now owns 11,786 shares of the company’s stock valued at $470,000 after buying an additional 400 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Stock Performance

NASDAQ:CPB opened at $30.24 on Thursday. The firm has a market capitalization of $9.00 billion, a PE ratio of 15.12, a PEG ratio of 10.41 and a beta of 0.01. The Campbell’s Company has a 1 year low of $29.39 and a 1 year high of $46.95. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The firm’s fifty day simple moving average is $31.12 and its 200 day simple moving average is $32.16.

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

Campbell’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, January 8th. This represents a $1.56 annualized dividend and a yield of 5.2%. Campbell’s’s dividend payout ratio is presently 78.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPB. Wells Fargo & Company raised their price objective on shares of Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, September 25th. Sanford C. Bernstein increased their price target on shares of Campbell’s from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. UBS Group cut their price target on shares of Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a report on Friday, August 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Campbell’s in a report on Wednesday, October 8th. Finally, TD Cowen increased their target price on shares of Campbell’s from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $34.59.

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.