ICICI Prudential Asset Management Co Ltd Cuts Stake in The Campbell’s Company $CPB

ICICI Prudential Asset Management Co Ltd cut its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 75.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,045 shares of the company’s stock after selling 189,000 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Campbell’s were worth $1,673,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of Campbell’s by 1.3% during the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after acquiring an additional 149,679 shares during the period. Invesco Ltd. grew its stake in Campbell’s by 42.6% during the 3rd quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after purchasing an additional 2,387,575 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Campbell’s by 16.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,546,957 shares of the company’s stock worth $206,738,000 after purchasing an additional 928,843 shares in the last quarter. Two Sigma Investments LP increased its holdings in Campbell’s by 534.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after purchasing an additional 4,159,398 shares during the period. Finally, UBS Group AG raised its position in Campbell’s by 175.7% in the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock valued at $117,823,000 after purchasing an additional 2,377,488 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Price Performance

CPB stock opened at $22.73 on Friday. The business has a 50 day moving average price of $20.92 and a 200 day moving average price of $24.71. The company has a quick ratio of 0.51, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 11.25 and a beta of 0.02. The Campbell’s Company has a fifty-two week low of $19.56 and a fifty-two week high of $34.17.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $2.37 billion for the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Equities research analysts anticipate that The Campbell’s Company will post 2.18 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.9%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s dividend payout ratio is currently 77.23%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CPB. Stifel Nicolaus decreased their price objective on Campbell’s from $25.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $26.00 target price on shares of Campbell’s in a report on Monday, March 2nd. Zacks Research cut shares of Campbell’s from a “hold” rating to a “strong sell” rating in a report on Wednesday. Sanford C. Bernstein reissued an “underperform” rating and issued a $19.00 price objective (down from $21.00) on shares of Campbell’s in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Twelve analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat, Campbell’s currently has a consensus rating of “Reduce” and a consensus price target of $21.88.

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.