RK Asset Management LLC Purchases 5,208 Shares of The Campbell’s Company $CPB

RK Asset Management LLC increased its position in shares of The Campbell’s Company (NASDAQ:CPB) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 138,758 shares of the company’s stock after buying an additional 5,208 shares during the quarter. Campbell’s makes up 4.1% of RK Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. RK Asset Management LLC’s holdings in Campbell’s were worth $4,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Campbell’s by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock worth $962,877,000 after acquiring an additional 494,567 shares during the last quarter. Invesco Ltd. increased its stake in shares of Campbell’s by 6.9% in the first quarter. Invesco Ltd. now owns 4,965,668 shares of the company’s stock worth $198,229,000 after purchasing an additional 320,120 shares during the period. Amundi lifted its position in shares of Campbell’s by 6.4% during the 1st quarter. Amundi now owns 2,082,885 shares of the company’s stock worth $82,941,000 after purchasing an additional 124,647 shares during the last quarter. Northern Trust Corp boosted its stake in Campbell’s by 0.6% during the 1st quarter. Northern Trust Corp now owns 1,930,219 shares of the company’s stock valued at $77,054,000 after purchasing an additional 10,914 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Campbell’s by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,815,240 shares of the company’s stock valued at $72,464,000 after buying an additional 27,759 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Trading Up 1.3%

Shares of CPB opened at $31.99 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The stock has a market cap of $9.53 billion, a PE ratio of 16.00, a PEG ratio of 10.97 and a beta of 0.02. The Campbell’s Company has a 1 year low of $29.39 and a 1 year high of $49.11. The stock has a 50 day simple moving average of $32.65 and a 200-day simple moving average of $34.14.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, beating 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 firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the business posted $3.08 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, sell-side analysts predict that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Campbell’s’s dividend payout ratio (DPR) is currently 78.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPB. Bank of America upped their price target on Campbell’s from $29.00 to $30.00 and gave the stock an “underperform” rating in a report on Thursday, September 4th. TD Cowen boosted their target price on shares of Campbell’s from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. Cowen reissued a “hold” rating on shares of Campbell’s in a report on Thursday, September 4th. Stifel Nicolaus decreased their price target on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Finally, Sanford C. Bernstein upped their price objective on shares of Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Campbell’s has an average rating of “Reduce” and an average target price 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.