Public Employees Retirement System of Ohio Makes New $1.26 Million Investment in The Campbell’s Company $CPB

Public Employees Retirement System of Ohio purchased a new stake in The Campbell’s Company (NASDAQ:CPB) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 56,527 shares of the company’s stock, valued at approximately $1,259,000.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its holdings in Campbell’s by 8.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $142,000 after acquiring an additional 380 shares during the last quarter. New England Asset Management Inc. raised its position in shares of Campbell’s by 0.6% during the 3rd quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock worth $2,064,000 after purchasing an additional 380 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Campbell’s by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 90,311 shares of the company’s stock worth $2,517,000 after purchasing an additional 440 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its position in Campbell’s by 2.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 24,897 shares of the company’s stock valued at $694,000 after purchasing an additional 493 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in Campbell’s by 1.2% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 42,470 shares of the company’s stock valued at $946,000 after purchasing an additional 520 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Up 1.8%

Campbell’s stock opened at $21.76 on Wednesday. The Campbell’s Company has a 52 week low of $19.56 and a 52 week high of $34.17. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.49 and a beta of 0.03. The company’s 50-day moving average price is $22.68 and its two-hundred day moving average price is $22.21. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The company had revenue of $2.14 billion during the quarter. During the same period in the prior year, the company posted $0.62 earnings per share. The company’s revenue was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. On average, analysts expect that The Campbell’s Company will post 1.71 EPS for the current fiscal year.

Campbell’s Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. Campbell’s’s dividend payout ratio (DPR) is 119.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded Campbell’s from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. DA Davidson reissued a “neutral” rating and set a $20.00 target price on shares of Campbell’s in a research note on Tuesday. Sanford C. Bernstein restated an “underperform” rating and issued a $19.00 target price (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada reduced their price objective on Campbell’s from $21.00 to $19.00 and set a “sector perform” rating for the company in a research report on Friday. Thirteen investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $19.94.

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.