Drive Wealth Management LLC Buys Shares of 19,418 The Campbell’s Company $CPB

Drive Wealth Management LLC purchased a new position in shares of The Campbell’s Company (NASDAQ:CPB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,418 shares of the company’s stock, valued at approximately $613,000.

A number of other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Campbell’s by 3.6% in 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. Goldman Sachs Group Inc. boosted its holdings in Campbell’s by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock worth $26,369,000 after purchasing an additional 27,374 shares during the last quarter. Empowered Funds LLC bought a new position in Campbell’s in the first quarter valued at $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 valued at $664,000 after buying an additional 4,827 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Campbell’s by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after buying an additional 750 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell’s Trading Up 0.9%

Shares of NASDAQ:CPB opened at $26.79 on Friday. The Campbell’s Company has a 12-month low of $25.62 and a 12-month high of $43.85. The business has a 50 day moving average of $28.41 and a 200-day moving average of $30.63. The company has a quick ratio of 0.34, a current ratio of 0.82 and a debt-to-equity ratio of 1.54. The stock has a market cap of $7.99 billion, a PE ratio of 13.88, a P/E/G ratio of 9.32 and a beta of -0.04.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. The business had revenue of $2.68 billion during the quarter. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.The business’s revenue was down 3.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, equities research analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.56 dividend on an annualized basis and a yield of 5.8%. Campbell’s’s dividend payout ratio is currently 80.83%.

Analysts Set New Price Targets

CPB has been the subject of several analyst reports. Barclays set a $27.00 price objective on Campbell’s in a report on Friday, January 16th. Weiss Ratings downgraded Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Wells Fargo & Company lowered their price target on Campbell’s from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 10th. Royal Bank Of Canada cut their price objective on Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, December 10th. Finally, Stifel Nicolaus set a $30.00 target price on shares of Campbell’s and gave the company a “hold” rating in a research note on Tuesday, December 9th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $32.29.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the transaction, the executive vice president directly owned 25,264 shares in the company, valued at approximately $669,748.64. The trade was a 9.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles A. Brawley III sold 11,550 shares of Campbell’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total value of $325,017.00. Following the completion of the transaction, the executive vice president owned 43,777 shares in the company, valued at approximately $1,231,884.78. The trade was a 20.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.78% of the stock is owned by company insiders.

Campbell’s 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.