Bank of Nova Scotia Has $1.28 Million Holdings in The Campbell’s Company $CPB

Bank of Nova Scotia raised its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 242.7% during the 1st quarter, HoldingsChannel reports. The fund owned 57,656 shares of the company’s stock after purchasing an additional 40,832 shares during the period. Bank of Nova Scotia’s holdings in Campbell’s were worth $1,285,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CPB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Campbell’s by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock valued at $777,000 after purchasing an additional 685 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Campbell’s by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock valued at $26,369,000 after buying an additional 27,374 shares during the period. Empowered Funds LLC purchased a new stake in Campbell’s in the 1st quarter worth approximately $446,000. Woodline Partners LP lifted its position in 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 buying an additional 4,827 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Price Performance

NASDAQ CPB opened at $22.96 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $6.85 billion, a PE ratio of 11.37 and a beta of 0.02. The company has a 50 day moving average price of $21.87 and a two-hundred day moving average price of $23.15. The Campbell’s Company has a 12-month low of $19.56 and a 12-month high of $34.17.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The company had revenue of $2.37 billion during the quarter. During the same period in the prior year, the firm earned $0.22 earnings per share. The business’s revenue 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 predict 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. Investors of record on Thursday, July 2nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 6.8%. Campbell’s’s dividend payout ratio is currently 77.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company cut shares of Campbell’s from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $20.00 to $18.00 in a report on Wednesday, April 8th. William Blair started coverage on Campbell’s in a report on Tuesday, June 23rd. They set a “market perform” rating for the company. Stifel Nicolaus lifted their price objective on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. DA Davidson raised Campbell’s to a “hold” rating in a research report on Monday, July 6th. Finally, 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 note on Tuesday, June 9th. Twelve research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $22.00.

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.