Connor Clark & Lunn Investment Management Ltd. Makes New $1.89 Million Investment in The Campbell’s Company $CPB

Connor Clark & Lunn Investment Management Ltd. purchased a new position in The Campbell’s Company (NASDAQ:CPB) during the second quarter, HoldingsChannel.com reports. The fund purchased 61,686 shares of the company’s stock, valued at approximately $1,891,000.

A number of other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. boosted its position in Campbell’s by 14.8% during the 1st quarter. Victory Capital Management Inc. now owns 514,377 shares of the company’s stock worth $20,534,000 after acquiring an additional 66,486 shares during the period. GAMMA Investing LLC increased its holdings in shares of Campbell’s by 148.8% during the second quarter. GAMMA Investing LLC now owns 20,063 shares of the company’s stock valued at $615,000 after purchasing an additional 11,999 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Campbell’s during the first quarter valued at about $354,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Campbell’s by 150.3% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 15,734 shares of the company’s stock worth $632,000 after purchasing an additional 9,449 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Campbell’s by 2.1% in the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock worth $962,877,000 after purchasing an additional 494,567 shares during the period. Institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CPB. Weiss Ratings reissued a “hold (c-)” rating on shares of Campbell’s in a research note on Wednesday, October 8th. Piper Sandler reiterated a “neutral” rating and set a $34.00 price objective (down previously from $35.00) on shares of Campbell’s in a research note on Thursday, August 7th. Stifel Nicolaus dropped their target price on Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. TD Cowen increased their price target on Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, September 4th. Finally, Bank of America lifted their price target on Campbell’s from $29.00 to $30.00 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and a consensus price target of $34.82.

Campbell’s Trading Up 0.2%

Shares of CPB opened at $31.29 on Monday. The business’s 50-day moving average price is $31.54 and its 200 day moving average price is $32.40. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $9.32 billion, a P/E ratio of 15.65, a P/E/G ratio of 10.41 and a beta of 0.01. The Campbell’s Company has a 1-year low of $29.39 and a 1-year high of $46.95.

Campbell’s (NASDAQ:CPB) last announced its earnings results on Wednesday, September 3rd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $3.08 earnings per share. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Analysts expect that The Campbell’s Company will post 3.15 earnings per share for the current year.

Campbell’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Thursday, October 2nd. Campbell’s’s payout ratio is 78.00%.

Campbell’s Company Profile

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.