The Campbell’s Company $CPB Shares Bought by Wedmont Private Capital

by · The Markets Daily

Wedmont Private Capital lifted its position in shares of The Campbell’s Company (NASDAQ:CPB – Free Report) by 840.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,808 shares of the company’s stock after acquiring an additional 61,491 shares during the quarter. Wedmont Private Capital’s holdings in Campbell’s were worth $2,141,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank increased its position in Campbell’s by 3.9% during the 3rd quarter. Czech National Bank now owns 49,975 shares of the company’s stock worth $1,578,000 after purchasing an additional 1,871 shares during the period. Oak Thistle LLC purchased a new stake in shares of Campbell’s in the third quarter valued at approximately $1,923,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Campbell’s in the third quarter valued at approximately $257,000. Corient Private Wealth LLC grew its holdings in Campbell’s by 20.7% during the second quarter. Corient Private Wealth LLC now owns 22,537 shares of the company’s stock worth $691,000 after acquiring an additional 3,860 shares during the period. Finally, Osaic Holdings Inc. raised its position in Campbell’s by 13.0% in the second quarter. Osaic Holdings Inc. now owns 45,391 shares of the company’s stock worth $1,406,000 after acquiring an additional 5,223 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CPB shares. Royal Bank Of Canada cut their price target on shares of Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, December 10th. Sanford C. Bernstein lowered their target price on shares of Campbell’s from $39.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Stephens dropped their target price on shares of Campbell’s from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Morgan Stanley decreased their price target on Campbell’s from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Finally, Wells Fargo & Company dropped their price objective on Campbell’s from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $32.59.

Get Our Latest Stock Report on CPB

Campbell’s Trading Up 0.1%

Shares of Campbell’s stock opened at $28.71 on Thursday. The Campbell’s Company has a 1 year low of $27.85 and a 1 year high of $43.85. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.82 and a quick ratio of 0.34. The business has a 50 day moving average price of $30.25 and a 200 day moving average price of $31.60. The company has a market capitalization of $8.56 billion, a P/E ratio of 14.88, a P/E/G ratio of 10.03 and a beta of -0.05.

Campbell’s (NASDAQ:CPB – Get Free Report) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.04. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.The company had revenue of $2.68 billion during the quarter. Campbell’s’s revenue for the quarter was down 3.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Sell-side analysts anticipate that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.56 annualized dividend and a yield of 5.4%. Campbell’s’s payout ratio is presently 80.83%.

About Campbell’s

(Free Report)

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.

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