California Public Employees Retirement System Cuts Stock Position in The Campbell’s Company $CPB

California Public Employees Retirement System cut its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 33.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 338,774 shares of the company’s stock after selling 167,012 shares during the period. California Public Employees Retirement System’s holdings in Campbell’s were worth $7,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPB. Two Sigma Investments LP raised its position in Campbell’s by 534.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after buying an additional 4,159,398 shares during the last quarter. Brandywine Managers LLC acquired a new position in shares of Campbell’s during the fourth quarter worth about $92,793,000. Invesco Ltd. raised its holdings in Campbell’s by 42.6% during the third quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after purchasing an additional 2,387,575 shares in the last quarter. UBS Group AG lifted its position in Campbell’s by 175.7% in the third quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock valued at $117,823,000 after purchasing an additional 2,377,488 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 purchasing an additional 1,763,870 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPB has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated an “underperform” rating and set a $19.00 target price (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. Royal Bank Of Canada decreased their price target on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 9th. Barclays dropped their price objective on Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Monday, June 8th. Zacks Research cut Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. Finally, Morgan Stanley reduced their target price on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. 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 MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $22.00.

Campbell’s Price Performance

CPB opened at $21.84 on Monday. The Campbell’s Company has a 52 week low of $19.56 and a 52 week high of $34.17. The firm has a market cap of $6.51 billion, a P/E ratio of 10.81 and a beta of 0.02. The business’s fifty day simple moving average is $21.72 and its 200 day simple moving average is $23.24. 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 announced its quarterly earnings data on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The business had revenue of $2.37 billion during the quarter. During the same period in the prior year, the firm earned $0.22 EPS. Campbell’s’s revenue for the quarter 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, equities research analysts anticipate that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors 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 yield of 7.1%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s dividend payout ratio is 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.