Oppenheimer & Co. Inc. Invests $686,000 in The Campbell’s Company $CPB

Oppenheimer & Co. Inc. purchased a new position in The Campbell’s Company (NASDAQ:CPB) during the third quarter, HoldingsChannel reports. The firm purchased 21,726 shares of the company’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CPB. Massachusetts Financial Services Co. MA purchased a new position in Campbell’s in the third quarter worth about $77,940,000. Norges Bank bought a new stake in shares of Campbell’s during the second quarter valued at approximately $40,967,000. Qube Research & Technologies Ltd raised its holdings in Campbell’s by 2,283.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,154,599 shares of the company’s stock worth $35,388,000 after acquiring an additional 1,106,166 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its position in Campbell’s by 596.3% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,086,092 shares of the company’s stock valued at $33,289,000 after acquiring an additional 930,120 shares in the last quarter. Finally, Jump Financial LLC lifted its position in Campbell’s by 5,100.8% in the 2nd quarter. Jump Financial LLC now owns 917,949 shares of the company’s stock valued at $28,135,000 after acquiring an additional 900,299 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CPB shares. Royal Bank Of Canada decreased their price target on Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 10th. Weiss Ratings downgraded Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. Sanford C. Bernstein lowered their target price on shares of Campbell’s from $39.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. UBS Group dropped their price target on shares of Campbell’s from $28.00 to $26.00 and set a “sell” rating on the stock in a report on Wednesday, December 10th. Finally, Stifel Nicolaus set a $30.00 price objective on shares of Campbell’s and gave the company a “hold” rating in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, Campbell’s has an average rating of “Reduce” and a consensus price target of $32.29.

Campbell’s Price Performance

Shares of NASDAQ:CPB opened at $29.49 on Tuesday. The company has a market capitalization of $8.79 billion, a P/E ratio of 15.28, a P/E/G ratio of 10.35 and a beta of -0.04. The Campbell’s Company has a 1-year low of $25.62 and a 1-year high of $43.85. The firm’s 50 day simple moving average is $27.73 and its two-hundred day simple moving average is $30.24. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.82 and a quick ratio of 0.34.

Campbell’s (NASDAQ:CPB) last issued its earnings results on Tuesday, December 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.04. The firm had revenue of $2.68 billion for the quarter. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts expect that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Insider Transactions at Campbell’s

In other Campbell’s news, EVP Anthony Sanzio sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $26.51, for a total transaction of $71,577.00. Following the completion of the transaction, the executive vice president owned 25,264 shares in the company, valued at $669,748.64. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles A. Brawley III sold 11,550 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total value of $325,017.00. Following the transaction, the executive vice president directly owned 43,777 shares in the company, valued at approximately $1,231,884.78. This represents a 20.88% decrease in their position. The SEC filing for this sale provides additional information. 19.78% of the stock is currently owned by insiders.

Campbell’s Company 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.