7,000 Shares in The Campbell’s Company $CPB Acquired by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. acquired a new stake in The Campbell’s Company (NASDAQ:CPB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,000 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in shares of Campbell’s in the second quarter valued at $25,000. Manchester Capital Management LLC boosted its position in shares of Campbell’s by 923.2% in the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock worth $28,000 after buying an additional 637 shares in the last quarter. ORG Partners LLC grew its stake in Campbell’s by 77.3% in the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 395 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in 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 acquiring an additional 750 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Campbell’s during the 1st quarter valued at about $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Price Performance

CPB stock opened at $29.91 on Tuesday. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 10.41 and a beta of 0.02. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The Campbell’s Company has a 52-week low of $29.39 and a 52-week high of $47.25. The stock’s fifty day simple moving average is $31.84 and its 200-day simple moving average is $32.79.

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

Campbell’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, October 2nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Thursday, October 2nd. Campbell’s’s payout ratio is presently 78.00%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CPB shares. Sanford C. Bernstein increased their price target on shares of Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Campbell’s in a research note on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on Campbell’s in a research report on Wednesday, August 20th. They set a “neutral” rating and a $33.00 price target for the company. TD Cowen upped their price objective on Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, September 4th. Finally, Barclays decreased their price objective on Campbell’s from $35.00 to $30.00 and set an “underweight” rating on the stock in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Campbell’s has a consensus rating of “Reduce” and a consensus target price of $34.82.

Campbell’s 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.