Econ Financial Services Corp Invests $1.22 Million in The Campbell’s Company $CPB

Econ Financial Services Corp bought a new stake in The Campbell’s Company (NASDAQ:CPB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 54,892 shares of the company’s stock, valued at approximately $1,222,000.

Other large investors have also recently made changes to their positions in the company. Hillman Capital Management Inc. boosted its holdings in shares of Campbell’s by 83.7% in the third quarter. Hillman Capital Management Inc. now owns 173,034 shares of the company’s stock valued at $5,464,000 after acquiring an additional 78,824 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Campbell’s during the fourth quarter worth approximately $1,596,000. Natixis Advisors LLC acquired a new position in shares of Campbell’s in the 3rd quarter valued at $12,992,000. Tounjian Advisory Partners LLC acquired a new position in shares of Campbell’s in the 4th quarter valued at $2,137,000. Finally, Fluent Financial LLC purchased a new stake in Campbell’s in the 4th quarter valued at $6,173,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. William Blair initiated coverage on shares of Campbell’s in a research note on Tuesday. They set a “market perform” rating for the company. Morgan Stanley reduced their target price on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Stifel Nicolaus decreased their target price on shares of Campbell’s from $25.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Barclays lowered their price target on Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Monday, June 8th. Finally, UBS Group dropped their price target on Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, June 9th. Twelve analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. According to MarketBeat.com, Campbell’s currently has a consensus rating of “Reduce” and an average target price of $21.88.

Campbell’s Stock Performance

NASDAQ:CPB opened at $22.73 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 11.25 and a beta of 0.02. The firm’s fifty day moving average price is $21.07 and its 200 day moving average price is $24.10. The Campbell’s Company has a 1-year low of $19.56 and a 1-year high of $34.17.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.22 EPS. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, sell-side analysts expect that The Campbell’s Company will post 2.18 EPS for the current year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued 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 dividend payout ratio is currently 77.23%.

Campbell’s 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.