Morningstar Investment Management LLC Has $2.66 Million Stake in The Campbell’s Company $CPB

Morningstar Investment Management LLC trimmed its stake in The Campbell’s Company (NASDAQ:CPB) by 36.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,361 shares of the company’s stock after selling 68,922 shares during the period. Morningstar Investment Management LLC’s holdings in Campbell’s were worth $2,658,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CPB. State Street Corp lifted its holdings 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 valued at $366,585,000 after acquiring an additional 149,679 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Campbell’s by 23.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after purchasing an additional 1,933,814 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Campbell’s by 21.6% in the 4th quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock worth $270,880,000 after purchasing an additional 1,723,676 shares during the last quarter. Two Sigma Investments LP increased its position in shares of 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 in the last quarter. Finally, UBS Group AG lifted its holdings in Campbell’s by 175.7% during 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 during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Stock Up 2.0%

NASDAQ CPB opened at $21.84 on Friday. The stock has a market capitalization of $6.51 billion, a P/E ratio of 10.81 and a beta of 0.02. The Campbell’s Company has a 52 week low of $19.56 and a 52 week high of $34.17. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. The stock has a fifty day moving average of $21.72 and a 200-day moving average of $23.26.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The company’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities research analysts forecast that The Campbell’s Company will post 2.18 EPS for the current year.

Campbell’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 7.1%. Campbell’s’s dividend payout ratio is presently 77.23%.

Analysts Set New Price Targets

CPB has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. BNP Paribas Exane reduced their target price on Campbell’s from $22.00 to $19.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Zacks Research lowered Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. Barclays cut their price objective on Campbell’s from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Monday, June 8th. Finally, DA Davidson upgraded Campbell’s to a “hold” rating in a report on Monday, July 6th. Twelve research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $22.00.

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.