The Campbell’s Company $CPB Shares Sold by Skylands Capital LLC

Skylands Capital LLC lessened its position in The Campbell’s Company (NASDAQ:CPB) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,126 shares of the company’s stock after selling 31,174 shares during the period. Skylands Capital LLC’s holdings in Campbell’s were worth $2,799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Campbell’s during the second quarter worth approximately $31,000. Versant Capital Management Inc grew its stake in Campbell’s by 946.6% in the 2nd quarter. Versant Capital Management Inc now owns 2,470 shares of the company’s stock worth $55,000 after acquiring an additional 2,234 shares during the period. Resona Asset Management Co. Ltd. grew its stake in Campbell’s by 39.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 2,699 shares of the company’s stock worth $60,000 after acquiring an additional 759 shares during the period. Parallel Advisors LLC grew its stake in Campbell’s by 23.5% in the 1st quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock worth $62,000 after acquiring an additional 532 shares during the period. Finally, Elevation Wealth Partners LLC acquired a new position in Campbell’s in the 2nd quarter valued at $62,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stephens set a $20.00 price target on Campbell’s in a research note on Friday, August 28th. JPMorgan Chase & Co. raised their price objective on Campbell’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Jefferies Financial Group lowered their price objective on Campbell’s from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, September 3rd. Barclays lowered their price objective 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, Stifel Nicolaus upped their target price on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $19.88.

Campbell’s Trading Down 1.5%

Shares of CPB stock opened at $19.56 on Thursday. The firm’s 50-day simple moving average is $21.18 and its 200-day simple moving average is $21.41. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.82 and a quick ratio of 0.33. The Campbell’s Company has a 1-year low of $18.60 and a 1-year high of $32.04. The firm has a market cap of $5.83 billion, a P/E ratio of 9.15, a PEG ratio of 2.34 and a beta of 0.06.

Campbell’s (NASDAQ:CPB) last released its earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The firm had revenue of $2.14 billion during the quarter. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Campbell’s’s revenue for the quarter was down 7.9% compared to the same quarter last year. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, equities analysts forecast that The Campbell’s Company will post 1.70 EPS for the current year.

Campbell’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.25 per share. This is a decrease from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 1st. Campbell’s’s payout ratio is 76.34%.

Campbell’s Company Profile

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.