Skylands Capital LLC Takes Position in The Campbell’s Company $CPB

Skylands Capital LLC acquired a new stake in The Campbell’s Company (NASDAQ:CPB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,450 shares of the company’s stock, valued at approximately $1,769,000.

Other hedge funds also recently added to or reduced their stakes in the company. Advocate Investing Services LLC raised its position in Campbell’s by 80.0% in the first quarter. Advocate Investing Services LLC now owns 30,232 shares of the company’s stock valued at $673,000 after purchasing an additional 13,432 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Campbell’s by 4.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 43,018 shares of the company’s stock worth $958,000 after purchasing an additional 1,805 shares during the period. Econ Financial Services Corp acquired a new stake in shares of Campbell’s during the 1st quarter worth about $1,222,000. Louisiana State Employees Retirement System acquired a new stake in shares of Campbell’s during the 1st quarter worth about $223,000. Finally, William B. Walkup & Associates Inc. raised its holdings in Campbell’s by 24.4% in the 1st quarter. William B. Walkup & Associates Inc. now owns 3,089 shares of the company’s stock valued at $69,000 after buying an additional 605 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Price Performance

Shares of CPB opened at $22.73 on Friday. The company has a market cap of $6.78 billion, a P/E ratio of 11.25 and a beta of 0.02. The Campbell’s Company has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. 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 firm’s 50 day moving average price is $21.07 and its 200 day moving average price is $24.10.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate 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 during the quarter. During the same period in the prior year, the business earned $0.22 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, research analysts forecast that The Campbell’s Company will post 2.18 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen lowered their target price on shares of Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. DA Davidson reduced their price target on shares of Campbell’s from $30.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Wells Fargo & Company lowered shares of Campbell’s from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Wednesday, April 8th. BTIG Research reaffirmed a “neutral” rating on shares of Campbell’s in a research report on Monday, June 8th. Finally, Royal Bank Of Canada dropped their target price on shares of Campbell’s from $23.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, June 9th. Twelve equities research 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, Campbell’s currently has a consensus rating of “Reduce” and a consensus target price of $21.88.

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.