Kornitzer Capital Management Inc. KS Buys 35,600 Shares of The Campbell’s Company $CPB

Kornitzer Capital Management Inc. KS boosted its stake in The Campbell’s Company (NASDAQ:CPB) by 83.8% during the second quarter, Holdings Channel.com reports. The firm owned 78,070 shares of the company’s stock after buying an additional 35,600 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Campbell’s were worth $1,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP grew its holdings in shares of Campbell’s by 534.8% in the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after purchasing an additional 4,159,398 shares during the last quarter. Brandywine Managers LLC purchased a new position in shares of Campbell’s in the fourth quarter worth $92,793,000. Lazard Asset Management LLC bought a new stake in Campbell’s during the 1st quarter valued at $61,261,000. Invesco Ltd. raised its holdings in Campbell’s by 42.6% during the 3rd quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock valued at $252,505,000 after buying an additional 2,387,575 shares during the last quarter. Finally, UBS Group AG boosted its position in Campbell’s by 175.7% during the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock valued at $117,823,000 after buying an additional 2,377,488 shares during the period. Institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

CPB has been the topic of a number of analyst reports. Stephens cut shares of Campbell’s from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $28.00 to $21.00 in a research report on Monday, June 1st. Royal Bank Of Canada cut their target price on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 9th. Stifel Nicolaus boosted 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. Bank of America lowered their price target on Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Tuesday, June 9th. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $19.00 price objective (down from $21.00) on shares of Campbell’s in a report on Tuesday, June 9th. Twelve analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $21.20.

Campbell’s Stock Performance

Shares of Campbell’s stock opened at $23.17 on Friday. The Campbell’s Company has a 12 month low of $19.56 and a 12 month high of $34.17. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53. The business has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $22.86. The firm has a market capitalization of $6.91 billion, a P/E ratio of 11.47 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last released its 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 for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The company’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities analysts forecast that The Campbell’s Company will post 2.18 earnings per share for the current fiscal year.

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.