Traders Purchase High Volume of Call Options on Campbell’s (NASDAQ:CPB)

The Campbell’s Company (NASDAQ:CPB) was the target of some unusual options trading activity on Wednesday. Investors acquired 17,563 call options on the company. This is an increase of 55% compared to the average volume of 11,310 call options.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPB. Deutsche Bank Aktiengesellschaft reduced their target price on Campbell’s from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. William Blair initiated coverage on Campbell’s in a research note on Tuesday, June 23rd. They set a “market perform” rating on the stock. Zacks Research lowered Campbell’s from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 10th. Morgan Stanley dropped their target price on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Finally, Bank of America reduced their price target on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 9th. Twelve equities research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, Campbell’s has an average rating of “Reduce” and a consensus target price of $21.88.

Campbell’s Price Performance

Campbell’s stock remained flat at $23.32 during trading hours on Friday. 7,837,064 shares of the company’s stock were exchanged, compared to its average volume of 12,406,586. The company’s 50 day simple moving average is $21.23 and its two-hundred day simple moving average is $23.90. Campbell’s has a 1-year low of $19.56 and a 1-year high of $34.17. The stock has a market cap of $6.95 billion, a PE ratio of 11.54 and a beta of 0.02. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $2.37 billion during the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Research analysts predict that Campbell’s will post 2.19 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 6.7%. Campbell’s’s dividend payout ratio is presently 77.23%.

Institutional Investors Weigh In On Campbell’s

A number of large investors have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Campbell’s by 1.3% during the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock valued at $366,585,000 after acquiring an additional 149,679 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Campbell’s by 23.3% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock valued at $228,026,000 after acquiring an additional 1,933,814 shares in the last quarter. Invesco Ltd. increased its position in Campbell’s by 21.6% during the 4th quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock valued at $270,880,000 after purchasing an additional 1,723,676 shares during the period. Two Sigma Investments LP increased its position in Campbell’s by 534.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after purchasing an additional 4,159,398 shares during the period. Finally, UBS Group AG raised its holdings in Campbell’s by 175.7% in the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after purchasing an additional 2,377,488 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Company Profile

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.