The Campbell’s Company $CPB Stock: Oppenheimer & Co. Inc. Reduces Stake

Oppenheimer & Co. Inc. reduced its stake in The Campbell’s Company (NASDAQ:CPB) by 53.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,976 shares of the company’s stock after selling 27,686 shares during the period. Oppenheimer & Co. Inc.’s holdings in Campbell’s were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in shares of Campbell’s during the third quarter valued at approximately $29,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Campbell’s in the second quarter worth approximately $31,000. Versant Capital Management Inc lifted its position in Campbell’s by 946.6% in the second quarter. Versant Capital Management Inc now owns 2,470 shares of the company’s stock worth $55,000 after purchasing an additional 2,234 shares during the period. Resona Asset Management Co. Ltd. boosted its stake in Campbell’s by 39.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 2,699 shares of the company’s stock valued at $60,000 after purchasing an additional 759 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Campbell’s by 23.5% during the 1st quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock valued at $62,000 after purchasing an additional 532 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CPB shares. JPMorgan Chase & Co. lifted their price target on Campbell’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. BTIG Research restated a “neutral” rating on shares of Campbell’s in a report on Friday, September 4th. Wall Street Zen lowered Campbell’s from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Stifel Nicolaus raised their target price on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research lowered Campbell’s from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Twelve equities research analysts have rated the stock with a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $19.88.

Campbell’s Stock Up 0.7%

Shares of Campbell’s stock opened at $23.43 on Friday. The stock’s fifty day moving average is $20.81 and its 200-day moving average is $22.43. The firm has a market capitalization of $6.99 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 2.74 and a beta of 0.06. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60. The Campbell’s Company has a 12-month low of $18.60 and a 12-month high of $32.04.

Campbell’s (NASDAQ:CPB) last announced its earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%. The business had revenue of $2.14 billion during the quarter. During the same period in the prior year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Equities analysts anticipate that The Campbell’s Company will post 1.70 earnings per share for the current year.

Campbell’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st were paid a dividend of $0.25 per share. This is a drop from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, October 1st. Campbell’s’s payout ratio is currently 76.34%.

Campbell’s Company Profile

Campbell’s, formerly known as Campbell Soup Company, is a food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.

Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell’s, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo’s and Rao’s.

Campbell’s serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.