Sterling Capital Management LLC Acquires 168,874 Shares of The Campbell’s Company $CPB

Sterling Capital Management LLC increased its holdings in The Campbell’s Company (NASDAQ:CPB) by 2,830.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,840 shares of the company’s stock after buying an additional 168,874 shares during the period. Sterling Capital Management LLC’s holdings in Campbell’s were worth $3,467,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its position in Campbell’s by 1.2% during the first quarter. Kornitzer Capital Management Inc. KS now owns 42,470 shares of the company’s stock worth $946,000 after acquiring an additional 520 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Campbell’s by 23.5% in the first quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock valued at $62,000 after purchasing an additional 532 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of Campbell’s by 39.1% in the first quarter. Resona Asset Management Co. Ltd. now owns 2,699 shares of the company’s stock valued at $60,000 after purchasing an additional 759 shares in the last quarter. Guardian Partners Inc. grew its position in shares of Campbell’s by 25.3% in the third quarter. Guardian Partners Inc. now owns 4,210 shares of the company’s stock valued at $83,000 after purchasing an additional 850 shares during the last quarter. Finally, Swiss Life Asset Management Ltd grew its position in shares of Campbell’s by 6.2% in the second quarter. Swiss Life Asset Management Ltd now owns 14,944 shares of the company’s stock valued at $333,000 after purchasing an additional 876 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell’s Price Performance

Campbell’s stock opened at $20.73 on Friday. The Campbell’s Company has a 1 year low of $18.60 and a 1 year high of $32.04. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82. The firm has a 50 day moving average price of $21.09 and a 200 day moving average price of $21.40. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 2.44 and a beta of 0.06.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $2.14 billion for the quarter. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Sell-side analysts predict that The Campbell’s Company will post 1.70 earnings per share for the current year.

Campbell’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. This is a drop from Campbell’s’s previous quarterly dividend of $0.39. Campbell’s’s dividend payout ratio is presently 76.34%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CPB shares. Zacks Research cut shares of Campbell’s from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Stephens set a $20.00 target price on Campbell’s in a research note on Friday, August 28th. Stifel Nicolaus increased their target price on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Barclays dropped their price target on Campbell’s from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, September 4th. Finally, BTIG Research reissued a “neutral” rating on shares of Campbell’s in a report on Friday, September 4th. Twelve analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, Campbell’s presently has a consensus rating of “Reduce” and an average price target of $19.88.

About Campbell’s

Campbell’s, formerly known as Campbell Soup Company, is a food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.

Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell’s, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo’s and Rao’s.

Campbell’s serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.