Berkshire Asset Management LLC PA Buys 32,500 Shares of The Campbell’s Company $CPB

Berkshire Asset Management LLC PA raised its stake in The Campbell’s Company (NASDAQ:CPB) by 80.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,723 shares of the company’s stock after purchasing an additional 32,500 shares during the period. Berkshire Asset Management LLC PA’s holdings in Campbell’s were worth $2,027,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Two Sigma Investments LP grew its stake in shares of Campbell’s by 534.8% in the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after buying an additional 4,159,398 shares during the period. Brandywine Managers LLC acquired a new position in Campbell’s during the 4th quarter worth approximately $92,793,000. Invesco Ltd. boosted its holdings in Campbell’s by 42.6% in the third quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after acquiring an additional 2,387,575 shares in the last quarter. UBS Group AG boosted its holdings in Campbell’s by 175.7% in the third quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after acquiring an additional 2,377,488 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Campbell’s by 287.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,377,390 shares of the company’s stock valued at $75,078,000 after acquiring an additional 1,763,870 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reduced 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 report on Monday, March 30th. UBS Group decreased their price target on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, June 9th. Stifel Nicolaus dropped their price objective on shares of Campbell’s from $25.00 to $20.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. Finally, BNP Paribas Exane reduced their price objective on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Twelve analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Campbell’s presently has a consensus rating of “Reduce” and an average target price of $21.88.

Campbell’s Price Performance

Campbell’s stock opened at $21.77 on Wednesday. The Campbell’s Company has a 52 week low of $19.56 and a 52 week high of $34.17. The company’s 50 day moving average price is $20.93 and its two-hundred day moving average price is $24.53. The stock has a market cap of $6.49 billion, a P/E ratio of 10.78 and a beta of 0.02. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last released its earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $2.37 billion during the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities analysts predict that The Campbell’s Company will post 2.18 earnings per share for the current year.

Campbell’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s dividend payout ratio is 77.23%.

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.