Sciencast Management LP Sells 41,023 Shares of The Campbell’s Company $CPB

Sciencast Management LP trimmed its position in shares of The Campbell’s Company (NASDAQ:CPB) by 30.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 93,953 shares of the company’s stock after selling 41,023 shares during the quarter. Sciencast Management LP’s holdings in Campbell’s were worth $2,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CPB. Two Sigma Investments LP grew its position in shares of Campbell’s by 534.8% in 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 purchased a new stake in Campbell’s during the fourth quarter valued at approximately $92,793,000. Lazard Asset Management LLC purchased a new stake in Campbell’s during the first quarter valued at approximately $61,261,000. Invesco Ltd. boosted its stake in Campbell’s by 42.6% in the third quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock valued at $252,505,000 after acquiring an additional 2,387,575 shares in the last quarter. Finally, UBS Group AG grew its holdings in Campbell’s by 175.7% in the third quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after purchasing an additional 2,377,488 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Trading Up 3.0%

Shares of Campbell’s stock opened at $23.28 on Friday. The firm’s 50 day simple moving average is $22.28 and its two-hundred day simple moving average is $22.86. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 11.52 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. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. DA Davidson raised Campbell’s to a “hold” rating in a research report on Monday, July 6th. Sanford C. Bernstein reissued an “underperform” rating and issued a $19.00 price objective (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. BTIG Research restated a “neutral” rating on shares of Campbell’s in a research note on Monday, June 8th. Zacks Research raised Campbell’s from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Bank of America decreased their price target on Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a research note on Tuesday, June 9th. Twelve research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $21.20.

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.