Campbell’s (NASDAQ:CPB) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Campbell’s (NASDAQ:CPB) issued its quarterly earnings results on Monday. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08, RTT News reports. Campbell’s had a return on equity of 23.79% and a net margin of 5.57%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. Campbell’s updated its FY 2025 guidance to 2.950-2.950 EPS.

Campbell’s Stock Performance

Shares of NASDAQ CPB opened at $34.25 on Tuesday. Campbell’s has a 1 year low of $32.95 and a 1 year high of $52.81. The firm has a market cap of $10.21 billion, a P/E ratio of 18.72, a PEG ratio of 2.71 and a beta of 0.14. The stock has a fifty day moving average price of $36.53 and a two-hundred day moving average price of $39.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.55%. Campbell’s’s dividend payout ratio (DPR) is 90.17%.

Analysts Set New Price Targets

CPB has been the subject of several research reports. DA Davidson decreased their price target on shares of Campbell’s from $46.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada decreased their target price on Campbell’s from $51.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, March 6th. Stephens lowered their target price on Campbell’s from $48.00 to $43.00 in a report on Wednesday, May 28th. Citigroup cut their price target on Campbell’s from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Monday, May 19th. Finally, Jefferies Financial Group lowered their price objective on Campbell’s from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, May 21st. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Campbell’s presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Insider Transactions at Campbell’s

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the transaction, the executive vice president now directly owns 37,590 shares of the company’s stock, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.19% of the company’s stock.

Institutional Investors Weigh In On Campbell’s

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of Campbell’s by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock worth $26,369,000 after acquiring an additional 27,374 shares during the last quarter. Empowered Funds LLC purchased a new position in Campbell’s in the 1st quarter worth about $446,000. Woodline Partners LP increased its stake in Campbell’s by 40.9% in the 1st quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock worth $664,000 after purchasing an additional 4,827 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Campbell’s by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock valued at $777,000 after buying an additional 685 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

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.