Carlton Hofferkamp & Jenks Wealth Management LLC Has $216,000 Stock Position in The Campbell’s Company $CPB

Carlton Hofferkamp & Jenks Wealth Management LLC lowered its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 17.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,740 shares of the company’s stock after selling 1,400 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Campbell’s were worth $216,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in shares of Campbell’s in the 2nd quarter valued at about $25,000. Manchester Capital Management LLC raised its position in Campbell’s by 923.2% in the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock valued at $28,000 after buying an additional 637 shares during the last quarter. ORG Partners LLC increased its position in shares of Campbell’s by 77.3% during the second 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. Geneos Wealth Management Inc. increased its position in Campbell’s by 333.3% in the first 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 last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Campbell’s in the first quarter valued at $47,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Trading Down 0.4%

Shares of Campbell’s stock opened at $30.93 on Friday. The company has a market cap of $9.21 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 10.79 and a beta of 0.02. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77. The Campbell’s Company has a fifty-two week low of $29.39 and a fifty-two week high of $48.25. The firm has a 50-day simple moving average of $32.10 and a two-hundred day simple moving average of $33.20.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $2.32 billion for 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%. Campbell’s’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.08 EPS. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be paid a $0.39 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 5.0%. Campbell’s’s payout ratio is currently 78.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CPB. TD Cowen boosted 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. Cowen restated a “hold” rating on shares of Campbell’s in a research note on Thursday, September 4th. Stifel Nicolaus cut their target price on Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Morgan Stanley raised their target price on Campbell’s from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Campbell’s in a report on Friday. Three investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $34.82.

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.