Lazard Asset Management LLC Invests $61.26 Million in The Campbell’s Company $CPB

Lazard Asset Management LLC acquired a new position in shares of The Campbell’s Company (NASDAQ:CPB) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,750,811 shares of the company’s stock, valued at approximately $61,261,000.

A number of other large investors also recently bought and sold shares of CPB. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Campbell’s in the 4th quarter valued at approximately $1,596,000. Hsbc Holdings PLC lifted its holdings in shares of Campbell’s by 644.9% in the 1st quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after acquiring an additional 1,613,873 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Campbell’s by 190.3% during the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock worth $74,715,000 after purchasing an additional 1,757,264 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Campbell’s by 23.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after purchasing an additional 1,933,814 shares during the period. Finally, AE Wealth Management LLC increased its holdings in Campbell’s by 2,690.1% in the 4th quarter. AE Wealth Management LLC now owns 807,341 shares of the company’s stock valued at $22,501,000 after purchasing an additional 778,405 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CPB shares. Zacks Research lowered Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein restated an “underperform” rating and set a $19.00 price target (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. Wells Fargo & Company cut Campbell’s from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Wednesday, April 8th. William Blair initiated coverage on Campbell’s in a report on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Finally, Stephens downgraded Campbell’s from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $28.00 to $21.00 in a report on Monday, June 1st. Twelve research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $22.00.

Campbell’s Trading Up 2.4%

Shares of CPB stock opened at $22.37 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. The stock has a market capitalization of $6.67 billion, a P/E ratio of 11.07 and a beta of 0.02. The company has a 50 day moving average price of $21.76 and a 200 day moving average price of $23.20. The Campbell’s Company has a fifty-two week low of $19.56 and a fifty-two week high of $34.17.

Campbell’s (NASDAQ:CPB) last released its earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The company had revenue of $2.37 billion for the quarter. During the same quarter last year, the company earned $0.22 earnings per share. Campbell’s’s quarterly revenue was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Equities research analysts predict that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

Campbell’s Dividend Announcement

The business also recently disclosed 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. This represents a $1.56 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s dividend payout ratio (DPR) is presently 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.