Inlet Private Wealth LLC Sells 69,350 Shares of The Campbell’s Company $CPB

Inlet Private Wealth LLC cut its position in The Campbell’s Company (NASDAQ:CPB) by 73.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,300 shares of the company’s stock after selling 69,350 shares during the quarter. Inlet Private Wealth LLC’s holdings in Campbell’s were worth $705,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CPB. Stance Capital LLC bought a new stake in shares of Campbell’s in the third quarter valued at $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Campbell’s in the fourth quarter valued at $29,000. Parvin Asset Management LLC purchased a new position in shares of Campbell’s in the second quarter valued at $35,000. IFP Advisors Inc purchased a new position in shares of Campbell’s in the third quarter valued at $37,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Campbell’s by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,700 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 25,264 shares in the company, valued at approximately $669,748.64. This represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 19.78% of the company’s stock.

Campbell’s Price Performance

Shares of NASDAQ CPB opened at $22.02 on Tuesday. The firm has a market capitalization of $6.57 billion, a P/E ratio of 12.03 and a beta of 0.03. The company has a quick ratio of 0.51, a current ratio of 1.01 and a debt-to-equity ratio of 1.66. The stock’s 50-day simple moving average is $25.16 and its two-hundred day simple moving average is $28.04. The Campbell’s Company has a twelve month low of $20.62 and a twelve month high of $39.25.

Campbell’s (NASDAQ:CPB) last posted 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 return on equity of 19.96% and a net margin of 5.48%.The firm had revenue of $2.56 billion during the quarter. During the same period in the prior year, the firm earned $0.74 EPS. The company’s quarterly revenue 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, equities analysts anticipate that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Thursday, April 2nd. Campbell’s’s dividend payout ratio is presently 85.25%.

Wall Street Analyst Weigh In

CPB has been the subject of several recent research reports. Sanford C. Bernstein reduced their price target on Campbell’s from $33.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Stifel Nicolaus reduced their price target on Campbell’s from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. TD Cowen reduced their price target on Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. Wells Fargo & Company cut Campbell’s from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $28.00 to $20.00 in a research report on Thursday, March 12th. Finally, Zacks Research cut Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $27.47.

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.