Geode Capital Management LLC Purchases 121,777 Shares of The Campbell’s Company $CPB

Geode Capital Management LLC increased its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,576,573 shares of the company’s stock after buying an additional 121,777 shares during the quarter. Geode Capital Management LLC’s holdings in Campbell’s were worth $170,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in shares of Campbell’s in the second quarter worth about $25,000. Manchester Capital Management LLC increased its stake in Campbell’s by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock worth $28,000 after purchasing an additional 637 shares in the last quarter. ORG Partners LLC raised its holdings in Campbell’s by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock worth $29,000 after buying an additional 395 shares during the period. SBI Securities Co. Ltd. lifted its stake in Campbell’s by 66.8% in the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock valued at $29,000 after buying an additional 385 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Campbell’s by 333.3% in the first 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. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Campbell’s in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. 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 report on Thursday, September 4th. Piper Sandler reiterated a “neutral” rating and set a $34.00 price objective (down from $35.00) on shares of Campbell’s in a report on Thursday, August 7th. Finally, DA Davidson set a $30.00 target price on Campbell’s in a research report on Monday. Three 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 MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $34.59.

Campbell’s Price Performance

Shares of NASDAQ CPB opened at $31.03 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. The business has a 50-day moving average of $31.43 and a 200-day moving average of $32.33. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 10.41 and a beta of 0.01. The Campbell’s Company has a fifty-two week low of $29.39 and a fifty-two week high of $46.95.

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

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.56 annualized dividend and a dividend yield of 5.0%. Campbell’s’s dividend payout ratio (DPR) is currently 78.00%.

About Campbell’s

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.