The Campbell’s Company $CPB Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its stake in The Campbell’s Company (NASDAQ:CPB) by 52.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 422,359 shares of the company’s stock after selling 458,888 shares during the quarter. TD Asset Management Inc’s holdings in Campbell’s were worth $13,338,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Campbell’s in the 3rd quarter worth approximately $77,940,000. Norges Bank acquired a new position in Campbell’s during the second quarter worth $40,967,000. Qube Research & Technologies Ltd boosted its position in shares of Campbell’s by 2,283.9% during the second quarter. Qube Research & Technologies Ltd now owns 1,154,599 shares of the company’s stock worth $35,388,000 after buying an additional 1,106,166 shares during the period. Worldquant Millennium Advisors LLC grew its stake in shares of Campbell’s by 596.3% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,086,092 shares of the company’s stock valued at $33,289,000 after buying an additional 930,120 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Campbell’s by 5,100.8% in the 2nd quarter. Jump Financial LLC now owns 917,949 shares of the company’s stock valued at $28,135,000 after buying an additional 900,299 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Campbell’s Stock Up 0.3%

Shares of Campbell’s stock opened at $26.95 on Monday. 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 Campbell’s Company has a 52-week low of $25.62 and a 52-week high of $43.85. The company has a market capitalization of $8.03 billion, a P/E ratio of 13.96, a P/E/G ratio of 9.46 and a beta of -0.04. The company has a 50 day moving average of $27.47 and a 200 day moving average of $29.90.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The company had revenue of $2.68 billion for the quarter. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. Campbell’s’s revenue was down 3.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. As a group, research analysts forecast that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.8%. Campbell’s’s dividend payout ratio is presently 80.83%.

Analyst Ratings Changes

Several research firms have weighed in on CPB. Sanford C. Bernstein dropped their target price on Campbell’s from $39.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, December 10th. Royal Bank Of Canada lowered their price objective on shares of Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 10th. Weiss Ratings downgraded shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Morgan Stanley reduced their target price on shares of Campbell’s from $30.00 to $28.00 and set a “cautious” rating on the stock in a report on Friday, January 16th. Finally, Stephens dropped their price target on shares of Campbell’s from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $31.65.

Campbell’s 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.