The Campbell’s Company $CPB Shares Acquired by Ethic Inc.

Ethic Inc. increased its stake in The Campbell’s Company (NASDAQ:CPB) by 97.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,557 shares of the company’s stock after purchasing an additional 62,463 shares during the period. Ethic Inc.’s holdings in Campbell’s were worth $2,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Campbell’s by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock worth $777,000 after buying an additional 685 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Campbell’s by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock valued at $26,369,000 after buying an additional 27,374 shares during the last quarter. Empowered Funds LLC bought a new stake in Campbell’s in the first quarter valued at $446,000. Woodline Partners LP boosted its holdings in shares of Campbell’s by 40.9% during the first quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock valued at $664,000 after acquiring an additional 4,827 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Campbell’s by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

CPB has been the subject of several recent research reports. BTIG Research restated a “neutral” rating on shares of Campbell’s in a research report on Monday, June 8th. UBS Group cut their price objective on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, June 9th. Stephens lowered shares of Campbell’s from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $28.00 to $21.00 in a research note on Monday, June 1st. Barclays decreased their target price on shares of Campbell’s from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Monday, June 8th. Finally, Morgan Stanley dropped their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Twelve research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $21.20.

Campbell’s Trading Up 3.0%

NASDAQ:CPB opened at $23.28 on Friday. The Campbell’s Company has a 1 year low of $19.56 and a 1 year high of $34.17. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 11.52 and a beta of 0.02. The business has a fifty day moving average of $22.28 and a 200-day moving average of $22.86. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results 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 company had revenue of $2.37 billion for the quarter. During the same period last year, the business posted $0.22 earnings per share. 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. Equities analysts predict that The Campbell’s Company will post 2.18 earnings per share for the current year.

About Campbell’s

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.