The Campbell’s Company $CPB Shares Sold by Monte Financial Group LLC

Monte Financial Group LLC lowered its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 14.4% in the fourth quarter, HoldingsChannel reports. The fund owned 153,000 shares of the company’s stock after selling 25,676 shares during the quarter. Monte Financial Group LLC’s holdings in Campbell’s were worth $4,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Berkshire Asset Management LLC PA acquired a new position in shares of Campbell’s during the 3rd quarter valued at about $1,270,000. Hillman Capital Management Inc. increased its position in Campbell’s by 83.7% during the 3rd quarter. Hillman Capital Management Inc. now owns 173,034 shares of the company’s stock worth $5,464,000 after purchasing an additional 78,824 shares in the last quarter. Wedmont Private Capital increased its position in Campbell’s by 840.4% during the 3rd quarter. Wedmont Private Capital now owns 68,808 shares of the company’s stock worth $2,141,000 after purchasing an additional 61,491 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Campbell’s during the 3rd quarter worth approximately $77,940,000. Finally, Natixis Advisors LLC acquired a new stake in Campbell’s during the 3rd quarter worth approximately $12,992,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Activity at Campbell’s

In other news, EVP Anthony Sanzio sold 2,700 shares of the stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 19.78% of the company’s stock.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of Campbell’s from $24.00 to $20.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Bank of America dropped their target price on shares of Campbell’s from $26.00 to $23.00 and set an “underperform” rating for the company in a research report on Thursday, March 12th. Barclays dropped their target price on shares of Campbell’s from $27.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Morgan Stanley dropped their target price on shares of Campbell’s from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, Campbell’s presently has an average rating of “Reduce” and a consensus price target of $27.35.

Campbell’s Stock Performance

Campbell’s stock opened at $20.69 on Thursday. The stock has a market cap of $6.17 billion, a P/E ratio of 11.31 and a beta of 0.03. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average of $24.91 and a 200-day moving average of $27.90. The Campbell’s Company has a 52 week low of $20.61 and a 52 week high of $39.04.

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

Campbell’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, April 2nd. Campbell’s’s dividend payout ratio is 85.25%.

Campbell’s 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.