KBC Group NV Sells 75,802 Shares of The Campbell’s Company $CPB

KBC Group NV lessened its stake in The Campbell’s Company (NASDAQ:CPB) by 38.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,844 shares of the company’s stock after selling 75,802 shares during the period. KBC Group NV’s holdings in Campbell’s were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Campbell’s during the 4th quarter worth approximately $1,596,000. Hsbc Holdings PLC grew its stake in Campbell’s by 644.9% during the 1st quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after buying an additional 1,613,873 shares during the last quarter. Fluent Financial LLC acquired a new position in Campbell’s during the 4th quarter valued at about $6,173,000. Cerity Partners LLC increased its position in Campbell’s by 190.3% during the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock valued at $74,715,000 after buying an additional 1,757,264 shares in the last quarter. Finally, AE Wealth Management LLC raised its stake in Campbell’s by 2,690.1% in the fourth quarter. AE Wealth Management LLC now owns 807,341 shares of the company’s stock valued at $22,501,000 after buying an additional 778,405 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CPB shares. UBS Group lowered their target price on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, June 9th. Stifel Nicolaus upped their price target on shares of Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday. BTIG Research reaffirmed a “neutral” rating on shares of Campbell’s in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Campbell’s in a research report on Tuesday, June 30th. Twelve analysts have rated the stock with a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $22.00.

Campbell’s Stock Performance

CPB opened at $21.84 on Friday. 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 Campbell’s Company has a 12-month low of $19.56 and a 12-month high of $34.17. The firm has a 50 day moving average of $21.72 and a two-hundred day moving average of $23.26. The firm has a market capitalization of $6.51 billion, a PE ratio of 10.81 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, analysts anticipate that The Campbell’s Company will post 2.18 EPS for the current year.

Campbell’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s 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.