Bank of New York Mellon Corp Purchases 40,308 Shares of The Campbell’s Company $CPB

Bank of New York Mellon Corp grew its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 1.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,088,406 shares of the company’s stock after acquiring an additional 40,308 shares during the period. Bank of New York Mellon Corp’s holdings in Campbell’s were worth $68,779,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Campbell’s in the 4th quarter worth approximately $1,596,000. Hsbc Holdings PLC lifted its position in shares of Campbell’s by 644.9% during the 1st quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock valued at $41,319,000 after buying an additional 1,613,873 shares in the last quarter. Fluent Financial LLC bought a new position in Campbell’s in the 4th quarter worth approximately $6,173,000. Cerity Partners LLC increased its stake in Campbell’s by 190.3% in the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock worth $74,715,000 after acquiring an additional 1,757,264 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in Campbell’s by 2,690.1% during the fourth quarter. AE Wealth Management LLC now owns 807,341 shares of the company’s stock valued at $22,501,000 after purchasing an additional 778,405 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Performance

Shares of CPB stock opened at $21.88 on Thursday. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 10.83 and a beta of 0.02. The Campbell’s Company has a one year low of $19.56 and a one year high of $34.17. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. The company has a 50 day moving average price of $21.66 and a 200 day moving average price of $23.31.

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

Campbell’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 annualized dividend and a dividend yield of 7.1%. Campbell’s’s dividend payout ratio (DPR) is 77.23%.

Analyst Upgrades and Downgrades

CPB has been the subject of several research reports. Wells Fargo & Company cut shares of Campbell’s from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Wednesday, April 8th. UBS Group cut their price objective on Campbell’s from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, June 9th. Stephens lowered Campbell’s from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $28.00 to $21.00 in a research report on Monday, June 1st. Bank of America dropped their price target on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a research note on Tuesday, June 9th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Campbell’s in a research report on Monday, June 8th. Twelve analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $22.00.

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.