TD Asset Management Inc Cuts Stock Position in The Campbell’s Company $CPB

TD Asset Management Inc lessened its position in shares of The Campbell’s Company (NASDAQ:CPB) by 52.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 422,359 shares of the company’s stock after selling 458,888 shares during the quarter. TD Asset Management Inc owned about 0.14% of Campbell’s worth $13,338,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CPB. Massachusetts Financial Services Co. MA acquired a new stake in shares of Campbell’s in the 3rd quarter worth $77,940,000. Norges Bank purchased a new position in shares of Campbell’s in the second quarter worth $40,967,000. Qube Research & Technologies Ltd lifted its position in Campbell’s by 2,283.9% during 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 period. Worldquant Millennium Advisors LLC boosted its position in Campbell’s by 596.3% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,086,092 shares of the company’s stock valued at $33,289,000 after buying an additional 930,120 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of 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 during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on CPB. Royal Bank Of Canada dropped their target price on Campbell’s from $35.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 10th. Jefferies Financial Group reissued a “hold” rating and issued a $26.00 price target on shares of Campbell’s in a research note on Monday. DA Davidson reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Campbell’s in a report on Thursday, December 11th. Stephens cut their target price on shares of Campbell’s from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Finally, Stifel Nicolaus set a $30.00 price target on shares of Campbell’s and gave the company a “hold” rating in a research note on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $31.65.

Campbell’s Price Performance

CPB stock opened at $26.95 on Monday. The Campbell’s Company has a 1 year low of $25.62 and a 1 year high of $43.85. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.82 and a quick ratio of 0.34. The firm has a market capitalization of $8.03 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 9.46 and a beta of -0.04. The business has a 50 day simple moving average of $27.47 and a 200-day simple moving average of $29.90.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 company’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. Equities research analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, April 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.8%. Campbell’s’s dividend payout ratio is currently 80.83%.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,700 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $26.51, for a total transaction of $71,577.00. Following the completion of the sale, the executive vice president directly owned 25,264 shares in the company, valued at approximately $669,748.64. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles A. Brawley III sold 11,550 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total transaction of $325,017.00. Following the completion of the transaction, the executive vice president owned 43,777 shares in the company, valued at $1,231,884.78. The trade was a 20.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.78% of the stock is currently owned by company insiders.

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.