ICICI Prudential Asset Management Co Ltd Decreases Stake in The Campbell’s Company $CPB

ICICI Prudential Asset Management Co Ltd decreased its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 75.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,045 shares of the company’s stock after selling 189,000 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Campbell’s were worth $1,673,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Hillman Capital Management Inc. boosted its stake in Campbell’s by 83.7% during the third quarter. Hillman Capital Management Inc. now owns 173,034 shares of the company’s stock worth $5,464,000 after buying an additional 78,824 shares during the last quarter. Berkshire Asset Management LLC PA acquired a new stake in shares of Campbell’s in the 3rd quarter worth $1,270,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Campbell’s in the 4th quarter worth $1,596,000. Natixis Advisors LLC purchased a new position in shares of Campbell’s during the 3rd quarter worth $12,992,000. Finally, Tounjian Advisory Partners LLC purchased a new position in shares of Campbell’s during the 4th quarter worth $2,137,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CPB. Barclays dropped their price objective on shares of Campbell’s from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Monday. BNP Paribas Exane decreased their target price on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Stifel Nicolaus reduced their price target on shares of Campbell’s from $25.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Finally, Bank of America decreased their price objective on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a report on Tuesday. 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, the company has a consensus rating of “Reduce” and an average target price of $21.88.

Campbell’s Price Performance

Campbell’s stock opened at $22.73 on Friday. The company’s 50 day simple moving average is $20.92 and its 200-day simple moving average is $24.71. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 11.25 and a beta of 0.02. The Campbell’s Company has a 1 year low of $19.56 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.51 and a current ratio of 0.87.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share 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 firm had revenue of $2.37 billion during the quarter. During the same period in the previous year, the business posted $0.22 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, equities research analysts expect that The Campbell’s Company will post 2.18 earnings per share for the current year.

Campbell’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s payout ratio is currently 77.23%.

Campbell’s Profile

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.