Leonteq Securities AG Sells 52,660 Shares of The Campbell’s Company $CPB

Leonteq Securities AG trimmed its holdings in The Campbell’s Company (NASDAQ:CPB) by 62.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 31,310 shares of the company’s stock after selling 52,660 shares during the period. Leonteq Securities AG’s holdings in Campbell’s were worth $697,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CPB. Flagship Harbor Advisors LLC bought a new stake in Campbell’s during the 4th quarter valued at approximately $29,000. Sittner & Nelson LLC purchased a new stake in Campbell’s during the 4th quarter valued at approximately $29,000. Los Angeles Capital Management LLC purchased a new stake in Campbell’s during the 4th quarter valued at approximately $29,000. Ankerstar Wealth LLC bought a new stake in shares of Campbell’s during the fourth quarter valued at approximately $29,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of Campbell’s in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Up 3.0%

NASDAQ CPB opened at $23.28 on Friday. The Campbell’s Company has a 52 week low of $19.56 and a 52 week high of $34.17. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 11.52 and a beta of 0.02. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The company has a fifty day moving average of $22.28 and a two-hundred day moving average of $22.86.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $2.37 billion during the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. Campbell’s’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, analysts predict that The Campbell’s Company will post 2.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of research reports. BTIG Research reiterated a “neutral” rating on shares of Campbell’s in a report on Monday, June 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Campbell’s in a report on Tuesday, June 30th. Morgan Stanley decreased their target price on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Stifel Nicolaus raised their price target on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, Zacks Research raised Campbell’s from a “strong sell” rating to a “hold” rating in a report on Monday. Twelve research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $21.20.

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.