Savoir Faire Capital Management L.P. Increases Holdings in The Campbell’s Company $CPB

Savoir Faire Capital Management L.P. lifted its position in shares of The Campbell’s Company (NASDAQ:CPB) by 34.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,967 shares of the company’s stock after purchasing an additional 14,430 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Campbell’s were worth $1,715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors acquired a new stake in shares of Campbell’s during the first quarter worth about $410,000. Teacher Retirement System of Texas acquired a new stake in shares of Campbell’s during the first quarter worth about $1,131,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Campbell’s by 13.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company’s stock worth $1,027,000 after purchasing an additional 3,010 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Campbell’s by 24.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company’s stock worth $534,000 after purchasing an additional 2,614 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Campbell’s by 14.8% during the first quarter. Victory Capital Management Inc. now owns 514,377 shares of the company’s stock worth $20,534,000 after purchasing an additional 66,486 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CPB shares. JPMorgan Chase & Co. started coverage on Campbell’s in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 price target on the stock. Stifel Nicolaus dropped their price target on Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Sanford C. Bernstein boosted their price target on Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Bank of America boosted their price target on Campbell’s from $29.00 to $30.00 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Finally, UBS Group dropped their price target on Campbell’s from $33.00 to $30.00 and set a “sell” rating on the stock in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Campbell’s currently has a consensus rating of “Reduce” and a consensus price target of $34.82.

Campbell’s Stock Performance

NASDAQ CPB opened at $30.29 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $31.95 and its two-hundred day moving average is $32.97. The Campbell’s Company has a 12-month low of $29.39 and a 12-month high of $47.25. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 10.41 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last released its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the firm posted $3.08 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts expect that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.56 annualized dividend and a yield of 5.2%. Campbell’s’s payout ratio is presently 78.00%.

Campbell’s Company Profile

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.