SummitTX Capital L.P. Has $4.71 Million Stock Position in The Campbell’s Company $CPB

SummitTX Capital L.P. boosted its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 14.2% in the 1st quarter, Holdings Channel reports. The firm owned 211,613 shares of the company’s stock after buying an additional 26,305 shares during the period. SummitTX Capital L.P.’s holdings in Campbell’s were worth $4,713,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in Campbell’s in the 1st quarter worth about $61,261,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Campbell’s by 59.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,369 shares of the company’s stock worth $275,000 after purchasing an additional 4,602 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Campbell’s by 10.6% during the first quarter. Gamco Investors INC. ET AL now owns 711,779 shares of the company’s stock worth $15,851,000 after purchasing an additional 68,409 shares during the last quarter. Inceptionr LLC acquired a new position in shares of Campbell’s in the first quarter valued at approximately $310,000. Finally, Bank of Nova Scotia increased its stake in shares of Campbell’s by 242.7% in the first quarter. Bank of Nova Scotia now owns 57,656 shares of the company’s stock valued at $1,285,000 after buying an additional 40,832 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Trading Up 2.4%

NASDAQ CPB opened at $22.37 on Tuesday. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 11.07 and a beta of 0.02. The Campbell’s Company has a 52 week low of $19.56 and a 52 week high of $34.17. The business has a 50 day moving average price of $21.76 and a 200-day moving average price of $23.20. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last issued its earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The company had revenue of $2.37 billion for the quarter. During the same quarter in the prior year, the business earned $0.22 earnings per share. Campbell’s’s revenue for the quarter was down 4.4% 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 expect that The Campbell’s Company will post 2.18 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 annualized dividend and a yield of 7.0%. Campbell’s’s dividend payout ratio is presently 77.23%.

Analysts Set New Price Targets

Several research firms recently commented on CPB. Stifel Nicolaus lifted their target price on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. BNP Paribas Exane decreased their price target on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. Wells Fargo & Company downgraded shares of Campbell’s from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Wednesday, April 8th. UBS Group cut their price target on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, June 9th. Finally, DA Davidson raised shares of Campbell’s to a “hold” rating in a research note on Monday, July 6th. Twelve equities research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $22.00.

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.