Drive Wealth Management LLC Purchases New Position in The Campbell’s Company $CPB

Drive Wealth Management LLC acquired a new stake in The Campbell’s Company (NASDAQ:CPB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,418 shares of the company’s stock, valued at approximately $613,000.

A number of other hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in Campbell’s by 21.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,942 shares of the company’s stock valued at $61,000 after acquiring an additional 342 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of Campbell’s by 1.9% in the second quarter. J.W. Cole Advisors Inc. now owns 19,920 shares of the company’s stock worth $611,000 after purchasing an additional 375 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Campbell’s by 22.4% in the second quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company’s stock valued at $64,000 after purchasing an additional 384 shares during the period. SBI Securities Co. Ltd. raised its position in Campbell’s by 66.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock worth $29,000 after purchasing an additional 385 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in Campbell’s by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock worth $29,000 after buying an additional 395 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Campbell’s 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 transaction of $71,577.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles A. Brawley III sold 11,550 shares of the company’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total transaction of $325,017.00. Following the completion of the sale, the executive vice president owned 43,777 shares of the company’s stock, valued at approximately $1,231,884.78. The trade was a 20.88% decrease in their position. The SEC filing for this sale provides additional information. 19.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CPB shares. Royal Bank Of Canada decreased their price target on Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 10th. Weiss Ratings downgraded shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Stephens dropped their price target on shares of Campbell’s from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Zacks Research upgraded shares of Campbell’s from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Sanford C. Bernstein lowered their target price on shares of Campbell’s from $39.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Campbell’s has a consensus rating of “Reduce” and a consensus target price of $32.29.

Campbell’s Price Performance

Shares of CPB opened at $26.79 on Friday. The business’s fifty day moving average is $28.41 and its 200 day moving average is $30.63. The Campbell’s Company has a 12-month low of $25.62 and a 12-month high of $43.85. The company has a quick ratio of 0.34, a current ratio of 0.82 and a debt-to-equity ratio of 1.54. The stock has a market cap of $7.99 billion, a P/E ratio of 13.88, a P/E/G ratio of 9.32 and a beta of -0.04.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The firm had revenue of $2.68 billion during the quarter. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Sell-side analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 8th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.56 annualized dividend and a dividend yield of 5.8%. Campbell’s’s dividend payout ratio is 80.83%.

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.