The Campbell’s Company (NASDAQ:CPB) Declares Quarterly Dividend of $0.25

The Campbell’s Company (NASDAQ:CPB) declared a quarterly dividend on Thursday, September 3rd. Stockholders of record on Thursday, October 1st will be given a dividend of 0.25 per share on Monday, November 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Thursday, October 1st.

Campbell’s has raised its dividend by an average of 0.0%per year over the last three years.

Campbell’s Stock Performance

Shares of CPB stock opened at $22.13 on Friday. The firm has a market cap of $6.60 billion, a P/E ratio of 10.96, a PEG ratio of 2.42 and a beta of 0.03. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. Campbell’s has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The stock’s 50-day moving average is $22.75 and its two-hundred day moving average is $22.35.

Campbell’s (NASDAQ:CPB) last posted its 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 18.04% and a net margin of 6.12%.The company had revenue of $2.14 billion for the quarter. During the same quarter last year, the business earned $0.62 earnings per share. Campbell’s’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. Analysts predict that Campbell’s will post 2.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Campbell’s

A number of institutional investors and hedge funds have recently made changes to their positions in CPB. Public Employees Retirement System of Ohio increased its holdings in Campbell’s by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock valued at $1,913,000 after purchasing an additional 376 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Campbell’s by 8.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $142,000 after buying an additional 380 shares during the period. New England Asset Management Inc. increased its position in Campbell’s by 0.6% during the third quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock worth $2,064,000 after acquiring an additional 380 shares during the period. Horizon Investments LLC lifted its position in Campbell’s by 10.2% during the fourth quarter. Horizon Investments LLC now owns 4,228 shares of the company’s stock worth $116,000 after purchasing an additional 390 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Campbell’s by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 90,311 shares of the company’s stock valued at $2,517,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

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.