Kornitzer Capital Management Inc. KS Acquires 35,600 Shares of The Campbell’s Company $CPB

Kornitzer Capital Management Inc. KS raised its holdings in The Campbell’s Company (NASDAQ:CPB) by 83.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,070 shares of the company’s stock after acquiring an additional 35,600 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Campbell’s were worth $1,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Two Sigma Investments LP increased its position in shares of Campbell’s by 534.8% in the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after purchasing an additional 4,159,398 shares during the last quarter. Brandywine Managers LLC purchased a new stake in Campbell’s in the fourth quarter valued at approximately $92,793,000. Lazard Asset Management LLC bought a new stake in Campbell’s during the first quarter valued at approximately $61,261,000. Invesco Ltd. grew its stake in Campbell’s by 42.6% in the 3rd quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after buying an additional 2,387,575 shares in the last quarter. Finally, UBS Group AG grew its stake 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 buying an additional 2,377,488 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CPB shares. BTIG Research reissued a “neutral” rating on shares of Campbell’s in a report on Monday, June 8th. Royal Bank Of Canada cut their target price on shares of Campbell’s from $23.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 9th. Sanford C. Bernstein reissued an “underperform” rating and issued a $19.00 target price (down from $21.00) on shares of Campbell’s in a research note on Tuesday, June 9th. Bank of America lowered 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. Finally, DA Davidson raised Campbell’s to a “hold” rating in a research note on Monday, July 6th. Twelve investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, Campbell’s currently has an average rating of “Reduce” and a consensus price target of $21.20.

Campbell’s Stock Down 0.5%

Shares of NASDAQ CPB opened at $23.17 on Friday. The stock has a market capitalization of $6.91 billion, a P/E ratio of 11.47 and a beta of 0.02. The Campbell’s Company has a one year low of $19.56 and a one year high of $34.17. The firm’s 50 day simple moving average is $22.31 and its two-hundred day simple moving average is $22.86. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The firm had revenue of $2.37 billion during the quarter. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, analysts expect that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

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.