D.A. Davidson & CO. Acquires Shares of 26,334 The Campbell’s Company $CPB

D.A. Davidson & CO. bought a new position in The Campbell’s Company (NASDAQ:CPB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,334 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Campbell’s by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,088,406 shares of the company’s stock valued at $68,779,000 after acquiring an additional 40,308 shares during the period. Sigma Planning Corp lifted its holdings in Campbell’s by 33.4% during the first quarter. Sigma Planning Corp now owns 98,305 shares of the company’s stock valued at $2,189,000 after purchasing an additional 24,615 shares during the last quarter. Principal Financial Group Inc. boosted its position in Campbell’s by 1.1% during the first quarter. Principal Financial Group Inc. now owns 219,239 shares of the company’s stock worth $4,882,000 after purchasing an additional 2,335 shares during the period. Chicago Partners Investment Group LLC purchased a new position in shares of Campbell’s in the first quarter worth about $343,000. Finally, Y.D. More Investments Ltd increased its stake in shares of Campbell’s by 34.8% in the first quarter. Y.D. More Investments Ltd now owns 4,656 shares of the company’s stock worth $104,000 after purchasing an additional 1,201 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPB. Sanford C. Bernstein restated an “underperform” rating and set a $19.00 price target (down from $21.00) on shares of Campbell’s in a research note on Tuesday, June 9th. Stephens lowered shares of Campbell’s from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $28.00 to $21.00 in a research note on Monday, June 1st. UBS Group lowered their target price on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, June 9th. BTIG Research restated a “neutral” rating on shares of Campbell’s in a research report on Monday, June 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Campbell’s in a report on Tuesday, June 30th. Twelve research analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Campbell’s presently has a consensus rating of “Reduce” and a consensus price target of $22.00.

Campbell’s Price Performance

Shares of NASDAQ:CPB opened at $21.84 on Friday. The company has a 50 day moving average of $21.72 and a 200 day moving average of $23.26. The stock has a market cap of $6.51 billion, a P/E ratio of 10.81 and a beta of 0.02. The Campbell’s Company has a 12 month low of $19.56 and a 12 month high of $34.17. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Monday, June 8th. The company reported $0.50 earnings per share 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 business had revenue of $2.37 billion for the quarter. During the same period last year, the company posted $0.22 EPS. The business’s revenue was down 4.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, sell-side analysts forecast that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently announced 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 7.1%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s dividend payout ratio is currently 77.23%.

Campbell’s Company 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.