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

Geode Capital Management LLC trimmed its holdings in The Campbell’s Company (NASDAQ:CPB) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,516,023 shares of the company’s stock after selling 104,312 shares during the period. Geode Capital Management LLC’s holdings in Campbell’s were worth $153,479,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CPB. Two Sigma Investments LP boosted its stake in 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 buying an additional 4,159,398 shares during the last quarter. Invesco Ltd. boosted its stake in Campbell’s by 42.6% in the 3rd 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 during the last quarter. UBS Group AG boosted its stake in Campbell’s by 175.7% in the 3rd 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 during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Campbell’s by 287.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,377,390 shares of the company’s stock worth $75,078,000 after buying an additional 1,763,870 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Campbell’s in the 3rd quarter worth about $40,075,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell’s Price Performance

CPB stock opened at $21.55 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.51 and a current ratio of 1.01. The Campbell’s Company has a 1 year low of $19.56 and a 1 year high of $34.66. The firm has a market cap of $6.43 billion, a P/E ratio of 11.78 and a beta of 0.02. The stock has a 50-day simple moving average of $20.87 and a 200-day simple moving average of $25.02.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Wednesday, March 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Campbell’s had a net margin of 5.48% and a return on equity of 19.96%. The company had revenue of $2.56 billion during the quarter. During the same period in the prior year, the business posted $0.74 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities analysts predict that The Campbell’s Company will post 2.18 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be paid 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 7.2%. Campbell’s’s dividend payout ratio (DPR) is 85.25%.

Analysts Set New Price Targets

CPB has been the topic of a number of research analyst reports. DA Davidson decreased their price target on Campbell’s from $30.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. BTIG Research assumed coverage on Campbell’s in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Jefferies Financial Group restated a “hold” rating and issued a $26.00 price objective on shares of Campbell’s in a report on Monday, March 2nd. Bank of America cut their price objective on Campbell’s from $26.00 to $23.00 and set an “underperform” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a report on Thursday, April 2nd. Thirteen investment 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, Campbell’s currently has a consensus rating of “Reduce” and a consensus target price of $22.88.

Trending Headlines about Campbell’s

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: Campbell’s launched a new Chunky soup collaboration with Buffalo Wild Wings, which could help support brand momentum and incremental sales in its Meals & Beverages segment. Article Title
• Positive Sentiment: Some investors may see CPB as attractively valued after a year of weak share performance, and the stock’s dividend remains a support for income-focused buyers. Article Title
• Positive Sentiment: Analyst and short-interest chatter suggests packaged-food stocks, including Campbell’s, remain under scrutiny, but that setup can also create room for a relief move if expectations are too negative heading into earnings. Article Title

About Campbell’s

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.