Sigma Planning Corp Buys 24,615 Shares of The Campbell’s Company $CPB

Sigma Planning Corp raised its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 33.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 98,305 shares of the company’s stock after purchasing an additional 24,615 shares during the quarter. Sigma Planning Corp’s holdings in Campbell’s were worth $2,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stance Capital LLC acquired a new stake in shares of Campbell’s in the 3rd quarter valued at approximately $27,000. Flagship Harbor Advisors LLC acquired a new position in Campbell’s during the fourth quarter valued at approximately $29,000. Sittner & Nelson LLC acquired a new position in Campbell’s during the fourth quarter valued at approximately $29,000. Los Angeles Capital Management LLC bought a new stake in Campbell’s in the fourth quarter valued at approximately $29,000. Finally, Ankerstar Wealth LLC acquired a new stake in Campbell’s in the fourth quarter worth $29,000. 52.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of recent analyst reports. Stephens cut shares of Campbell’s from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $28.00 to $21.00 in a research report on Monday, June 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a research report on Tuesday, June 30th. DA Davidson raised Campbell’s to a “hold” rating in a research note on Monday, July 6th. Morgan Stanley reduced their target price on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Finally, Sanford C. Bernstein reissued an “underperform” rating and issued a $19.00 target price (down from $21.00) on shares of Campbell’s in a research note on Tuesday, June 9th. Twelve analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $21.88.

Campbell’s Stock Up 3.5%

Shares of CPB stock opened at $22.65 on Friday. The firm has a fifty day moving average of $21.53 and a 200-day moving average of $23.48. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The Campbell’s Company has a 12-month low of $19.56 and a 12-month high of $34.17. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 11.21 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $2.37 billion for the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. 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 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The company also recently declared 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s payout ratio is 77.23%.

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.