Berkshire Asset Management LLC PA Buys 32,500 Shares of The Campbell’s Company $CPB

Berkshire Asset Management LLC PA raised its stake in The Campbell’s Company (NASDAQ:CPB) by 80.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,723 shares of the company’s stock after acquiring an additional 32,500 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Campbell’s were worth $2,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPB. Public Employees Retirement System of Ohio increased its stake in shares of Campbell’s by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock worth $1,913,000 after purchasing an additional 376 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Campbell’s by 8.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $142,000 after purchasing an additional 380 shares during the period. New England Asset Management Inc. increased its position in Campbell’s by 0.6% in the third quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock worth $2,064,000 after buying an additional 380 shares during the last quarter. Horizon Investments LLC increased its position in Campbell’s by 10.2% in the fourth quarter. Horizon Investments LLC now owns 4,228 shares of the company’s stock worth $116,000 after buying an additional 390 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Campbell’s by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 90,311 shares of the company’s stock valued at $2,517,000 after buying an additional 440 shares during the period. 52.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

CPB has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Royal Bank Of Canada decreased their price objective on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, June 9th. Bank of America lowered their price objective on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 9th. Jefferies Financial Group reiterated a “hold” rating and set a $26.00 target price on shares of Campbell’s in a research report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Campbell’s in a research note on Thursday, April 2nd. 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.com, the company has a consensus rating of “Reduce” and an average price target of $21.88.

Campbell’s Stock Down 2.4%

Shares of NASDAQ CPB opened at $21.77 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53. The business has a 50-day moving average of $20.93 and a 200-day moving average of $24.53. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 10.78 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.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business 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%.Campbell’s’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Sell-side analysts expect that The Campbell’s Company will post 2.18 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s dividend payout ratio is currently 77.23%.

Campbell’s 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.