Bleakley Financial Group LLC Acquires New Position in The Campbell’s Company $CPB

Bleakley Financial Group LLC acquired a new stake in shares of The Campbell’s Company (NASDAQ:CPB) during the 2nd quarter, Holdings Channel reports. The fund acquired 11,016 shares of the company’s stock, valued at approximately $338,000.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC bought a new position in Campbell’s during the 1st quarter valued at about $65,588,000. Vanguard Group Inc. lifted its stake in shares of Campbell’s by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock worth $962,877,000 after purchasing an additional 494,567 shares during the period. KBC Group NV lifted its stake in shares of Campbell’s by 182.0% in the 1st quarter. KBC Group NV now owns 498,216 shares of the company’s stock worth $19,889,000 after purchasing an additional 321,520 shares during the period. Invesco Ltd. raised its stake in Campbell’s by 6.9% during the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company’s stock worth $198,229,000 after acquiring an additional 320,120 shares during the period. Finally, Cerity Partners LLC raised its stake in Campbell’s by 27.6% during the 1st quarter. Cerity Partners LLC now owns 1,068,719 shares of the company’s stock worth $42,663,000 after acquiring an additional 231,418 shares during the period. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CPB has been the subject of a number of research analyst reports. Cowen reaffirmed a “hold” rating on shares of Campbell’s in a report on Thursday, September 4th. Stifel Nicolaus cut their target price on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. JPMorgan Chase & Co. began coverage on shares of Campbell’s in a research note on Wednesday, August 20th. They set a “neutral” rating and a $33.00 price objective for the company. Barclays decreased their target price on Campbell’s from $35.00 to $30.00 and set an “underweight” rating for the company in a research report on Monday, July 14th. Finally, TD Cowen lifted their target price on Campbell’s from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Campbell’s currently has a consensus rating of “Reduce” and an average price target of $34.82.

Campbell’s Price Performance

CPB opened at $30.93 on Monday. The business’s 50-day moving average is $32.10 and its two-hundred day moving average is $33.14. The Campbell’s Company has a 1 year low of $29.39 and a 1 year high of $48.25. 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 firm has a market capitalization of $9.21 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 10.75 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last issued its quarterly 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. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the firm earned $3.08 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.0%. Campbell’s’s payout ratio is presently 78.00%.

Campbell’s 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.