Tidal Investments LLC Boosts Stock Holdings in The Campbell’s Company $CPB

Tidal Investments LLC boosted its position in The Campbell’s Company (NASDAQ:CPB) by 19.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 191,257 shares of the company’s stock after purchasing an additional 30,637 shares during the period. Tidal Investments LLC’s holdings in Campbell’s were worth $4,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Campbell’s by 139.7% during the 2nd quarter. NewEdge Advisors LLC now owns 250,443 shares of the company’s stock worth $5,577,000 after acquiring an additional 145,967 shares during the period. IFP Advisors Inc raised its stake in Campbell’s by 31.3% in the 2nd quarter. IFP Advisors Inc now owns 7,198 shares of the company’s stock valued at $160,000 after acquiring an additional 1,715 shares during the period. Baird Financial Group Inc. raised its stake in Campbell’s by 322.0% in the 2nd quarter. Baird Financial Group Inc. now owns 159,051 shares of the company’s stock valued at $3,542,000 after acquiring an additional 121,363 shares during the period. Allworth Financial LP lifted its holdings in Campbell’s by 17.2% during the second quarter. Allworth Financial LP now owns 23,934 shares of the company’s stock valued at $533,000 after purchasing an additional 3,514 shares during the last quarter. Finally, Corient Private Wealth LP lifted its holdings in Campbell’s by 271.0% during the second quarter. Corient Private Wealth LP now owns 103,027 shares of the company’s stock valued at $2,294,000 after purchasing an additional 75,257 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CPB. Royal Bank Of Canada reduced their target price on shares of Campbell’s from $21.00 to $19.00 and set a “sector perform” rating for the company in a research note on Friday, September 4th. BTIG Research restated a “neutral” rating on shares of Campbell’s in a research note on Friday, September 4th. Wall Street Zen downgraded shares of Campbell’s from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Evercore set a $21.00 price objective on shares of Campbell’s in a report on Monday. Finally, Weiss Ratings upgraded shares of Campbell’s from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. Twelve research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Campbell’s has a consensus rating of “Reduce” and an average target price of $19.88.

Campbell’s Stock Up 1.2%

Shares of NASDAQ CPB opened at $21.25 on Tuesday. The Campbell’s Company has a 52 week low of $19.56 and a 52 week high of $34.17. The business has a 50-day simple moving average of $22.53 and a two-hundred day simple moving average of $22.05. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60. The company has a market cap of $6.34 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.47 and a beta of 0.03.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%.The firm had revenue of $2.14 billion for the quarter. During the same quarter in the prior year, the company earned $0.62 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Research analysts anticipate that The Campbell’s Company will post 1.7 earnings per share for the current fiscal year.

Campbell’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, October 1st. Campbell’s’s dividend payout ratio (DPR) is 119.08%.

Campbell’s Profile

Campbell’s (NASDAQ: CPB) is a branded food company that develops, produces and markets packaged meals, beverages and snacks. Its portfolio includes soups, sauces, pasta products, frozen meals, dips, crackers, cookies and yogurt.

The company’s brands include Campbell’s, Goldfish, Pepperidge Farm, V8, Prego, Pace, Swanson, Rao’s, Michael Angelo’s and noosa. Products are sold primarily through grocery stores, mass merchants, club stores, convenience stores, food-service distributors and e-commerce channels.

Founded in 1869 by Joseph A.