Principal Financial Group Inc. Has $6.69 Million Position in The Campbell’s Company $CPB

Principal Financial Group Inc. cut its stake in The Campbell’s Company (NASDAQ:CPB) by 16.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,794 shares of the company’s stock after selling 40,956 shares during the quarter. Principal Financial Group Inc. owned 0.07% of Campbell’s worth $6,688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. raised its holdings in Campbell’s by 66.8% in the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock worth $29,000 after purchasing an additional 385 shares during the period. Geneos Wealth Management Inc. increased its position in shares of 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 buying an additional 750 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in Campbell’s during the 2nd quarter worth $35,000. Kentucky Trust Co lifted its holdings in Campbell’s by 40.0% during the third quarter. Kentucky Trust Co now owns 1,400 shares of the company’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Finally, Country Trust Bank acquired a new position in Campbell’s in the second quarter valued at about $46,000. Institutional investors own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CPB. Stifel Nicolaus set a $30.00 price target on Campbell’s and gave the stock a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings cut Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Stephens dropped their target price on shares of Campbell’s from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Barclays set a $27.00 price target on shares of Campbell’s in a research note on Friday, January 16th. Finally, Morgan Stanley lowered their price objective on shares of Campbell’s from $30.00 to $28.00 and set a “cautious” rating for the company in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $32.29.

Insider Buying and Selling

In other Campbell’s news, EVP Anthony Sanzio sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the transaction, the executive vice president directly owned 25,264 shares in the company, valued at $669,748.64. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles A. Brawley III sold 11,550 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total value of $325,017.00. Following the sale, the executive vice president owned 43,777 shares in the company, valued at approximately $1,231,884.78. This represents a 20.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 19.78% of the stock is owned by company insiders.

Campbell’s Price Performance

NASDAQ CPB opened at $29.49 on Friday. The firm’s 50 day moving average is $27.74 and its 200-day moving average is $30.27. The company has a quick ratio of 0.34, a current ratio of 0.82 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $8.79 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 10.35 and a beta of -0.04. The Campbell’s Company has a 12-month low of $25.62 and a 12-month high of $43.85.

Campbell’s (NASDAQ:CPB) last released its earnings results on Tuesday, December 9th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The business had revenue of $2.68 billion during the quarter. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Equities research analysts anticipate that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 8th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.3%. The ex-dividend date was Thursday, January 8th. Campbell’s’s dividend payout ratio is presently 80.83%.

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.