The Campbell’s Company $CPB Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia boosted its holdings in The Campbell’s Company (NASDAQ:CPB) by 242.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,656 shares of the company’s stock after acquiring an additional 40,832 shares during the quarter. Bank of Nova Scotia’s holdings in Campbell’s were worth $1,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Two Sigma Investments LP grew its stake in shares of Campbell’s by 534.8% in the 3rd 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 acquired a new stake in Campbell’s during the fourth quarter valued at approximately $92,793,000. Invesco Ltd. boosted its holdings in Campbell’s by 42.6% during the third 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. UBS Group AG boosted its holdings in Campbell’s by 175.7% during the third 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. Finally, Dimensional Fund Advisors LP boosted its holdings in Campbell’s by 23.3% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after buying an additional 1,933,814 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank Of Canada dropped their price target on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 9th. Zacks Research lowered Campbell’s from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 10th. UBS Group decreased their target price on Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, June 9th. Stephens lowered Campbell’s from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $28.00 to $21.00 in a research report on Monday, June 1st. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and set a $19.00 target price (down from $21.00) on shares of Campbell’s in a report on Tuesday, June 9th. Twelve investment analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $22.00.

Campbell’s Stock Performance

Campbell’s stock opened at $22.96 on Thursday. The firm’s 50 day simple moving average is $21.87 and its 200-day simple moving average is $23.15. The company has a market cap of $6.85 billion, a P/E ratio of 11.37 and a beta of 0.02. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The Campbell’s Company has a fifty-two week low of $19.56 and a fifty-two week high of $34.17.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.37 billion for the quarter. During the same quarter in the prior year, the firm earned $0.22 EPS. The firm’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, equities research analysts predict that The Campbell’s Company will post 2.18 EPS for the current year.

Campbell’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.8%. Campbell’s’s dividend payout ratio is presently 77.23%.

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.