The Campbell’s Company $CPB Position Increased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 35.0% in the first quarter, HoldingsChannel reports. The firm owned 2,820,793 shares of the company’s stock after purchasing an additional 731,393 shares during the quarter. First Trust Advisors LP’s holdings in Campbell’s were worth $62,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in Campbell’s during the 4th quarter worth $29,000. Sittner & Nelson LLC bought a new stake in Campbell’s in the fourth quarter valued at $29,000. Los Angeles Capital Management LLC bought a new stake in Campbell’s in the fourth quarter valued at $29,000. Ankerstar Wealth LLC acquired a new position in shares of Campbell’s during the fourth quarter valued at $29,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of Campbell’s during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Trading Up 2.0%

NASDAQ:CPB opened at $21.84 on Friday. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 10.81 and a beta of 0.02. 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 Campbell’s Company has a 1 year low of $19.56 and a 1 year high of $34.17. The business has a fifty day moving average of $21.72 and a 200-day moving average of $23.26.

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

Campbell’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s payout ratio is 77.23%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CPB. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Campbell’s in a report on Tuesday, June 30th. Royal Bank Of Canada cut their price objective on shares of Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 9th. Stifel Nicolaus boosted their target price on shares of Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday. Zacks Research cut shares of Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. Finally, William Blair initiated coverage on shares of Campbell’s in a research note on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Twelve analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $22.00.

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.