Delta Global Management LP Has $2.26 Million Stock Position in The Campbell’s Company $CPB

Delta Global Management LP raised its stake in The Campbell’s Company (NASDAQ:CPB) by 251.1% in the third quarter, Holdings Channel.com reports. The firm owned 71,401 shares of the company’s stock after acquiring an additional 51,064 shares during the period. Delta Global Management LP’s holdings in Campbell’s were worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in shares of Campbell’s by 66.8% during the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock valued at $29,000 after buying an additional 385 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in Campbell’s during the second quarter worth about $35,000. Geneos Wealth Management Inc. increased its stake in 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. Rothschild Investment LLC raised its holdings in Campbell’s by 85.5% in the 3rd quarter. Rothschild Investment LLC now owns 1,271 shares of the company’s stock valued at $40,000 after acquiring an additional 586 shares in the last quarter. Finally, Kentucky Trust Co raised its holdings in Campbell’s by 40.0% in the 3rd quarter. Kentucky Trust Co now owns 1,400 shares of the company’s stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,700 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the sale, the executive vice president directly owned 25,264 shares in the company, valued at approximately $669,748.64. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Charles A. Brawley III sold 11,550 shares of Campbell’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total value of $325,017.00. Following the completion of the transaction, the executive vice president directly owned 43,777 shares of the company’s stock, valued at $1,231,884.78. This represents a 20.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.78% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPB has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Campbell’s from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Barclays cut their target price on Campbell’s from $27.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday. UBS Group decreased their price target on shares of Campbell’s from $24.00 to $20.00 and set a “sell” rating on the stock in a research note on Friday. Weiss Ratings lowered shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $26.00 price objective on shares of Campbell’s in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $27.65.

Campbell’s Stock Performance

Shares of NASDAQ:CPB opened at $21.39 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 0.51. The business’s fifty day moving average price is $26.65 and its two-hundred day moving average price is $29.26. The Campbell’s Company has a fifty-two week low of $21.19 and a fifty-two week high of $40.59. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 8.43 and a beta of -0.02.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Campbell’s had a net margin of 5.48% and a return on equity of 19.96%. The company had revenue of $2.56 billion for the quarter. During the same period in the previous year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, analysts predict that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be given a $0.39 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 7.3%. Campbell’s’s payout ratio is 85.25%.

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.