The Campbell’s Company $CPB Shares Acquired by Saba Capital Management L.P.

Saba Capital Management L.P. lifted its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 556.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 315,406 shares of the company’s stock after purchasing an additional 267,372 shares during the quarter. Saba Capital Management L.P.’s holdings in Campbell’s were worth $7,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Campbell’s by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock worth $777,000 after buying an additional 685 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Campbell’s by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock valued at $26,369,000 after acquiring an additional 27,374 shares during the period. Empowered Funds LLC bought a new position in shares of Campbell’s during the first quarter worth about $446,000. Woodline Partners LP increased its holdings in shares of Campbell’s by 40.9% in the 1st quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock worth $664,000 after acquiring an additional 4,827 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Campbell’s by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Stock Performance

CPB opened at $22.37 on Tuesday. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 11.07 and a beta of 0.02. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The Campbell’s Company has a 1-year low of $19.56 and a 1-year high of $34.17. The business has a 50 day moving average price of $21.76 and a two-hundred day moving average price of $23.20.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.37 billion during the quarter. During the same period in the previous year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Research analysts predict that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.56 annualized dividend and a yield of 7.0%. Campbell’s’s dividend payout ratio (DPR) is currently 77.23%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CPB. Sanford C. Bernstein restated an “underperform” rating and issued a $19.00 target price (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Campbell’s in a research report on Tuesday, June 30th. William Blair assumed coverage on Campbell’s in a report on Tuesday, June 23rd. They issued a “market perform” rating for the company. Bank of America lowered their target price on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Twelve investment analysts have rated the stock with a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $22.00.

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.