US Bancorp DE Decreases Stock Position in The Campbell’s Company $CPB

US Bancorp DE trimmed its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 29.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,022 shares of the company’s stock after selling 12,658 shares during the quarter. US Bancorp DE’s holdings in Campbell’s were worth $920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPB. Nuveen LLC bought a new position in Campbell’s in the 1st quarter worth about $65,588,000. Vanguard Group Inc. boosted its stake in Campbell’s by 2.1% in the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock valued at $962,877,000 after acquiring an additional 494,567 shares in the last quarter. KBC Group NV raised its holdings in shares of Campbell’s by 182.0% in the first quarter. KBC Group NV now owns 498,216 shares of the company’s stock worth $19,889,000 after buying an additional 321,520 shares during the last quarter. Invesco Ltd. raised its holdings 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 buying an additional 320,120 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Campbell’s by 27.6% during the first quarter. Cerity Partners LLC now owns 1,068,719 shares of the company’s stock worth $42,663,000 after purchasing an additional 231,418 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPB has been the topic of several analyst reports. Piper Sandler restated a “neutral” rating and set a $34.00 price target (down previously from $35.00) on shares of Campbell’s in a research report on Thursday, August 7th. Cowen reissued a “hold” rating on shares of Campbell’s in a research note on Thursday, September 4th. Wells Fargo & Company boosted their price target on shares of Campbell’s from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, September 25th. Zacks Research upgraded shares of Campbell’s from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Bank of America upped their price objective on shares of Campbell’s from $29.00 to $30.00 and gave the stock an “underperform” rating in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $34.82.

Campbell’s Price Performance

Campbell’s stock opened at $30.86 on Friday. The firm’s 50-day moving average is $32.23 and its two-hundred day moving average is $33.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $48.68. The stock has a market capitalization of $9.19 billion, a P/E ratio of 15.43, a P/E/G ratio of 10.67 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last released its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the company earned $3.08 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Equities analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Campbell’s’s payout ratio is 78.00%.

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.