Oregon Public Employees Retirement Fund Raises Stock Position in The Campbell’s Company $CPB

Oregon Public Employees Retirement Fund grew its stake in The Campbell’s Company (NASDAQ:CPB) by 98.3% in the 2nd quarter, Holdings Channel reports. The firm owned 44,700 shares of the company’s stock after purchasing an additional 22,162 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Campbell’s were worth $995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Campbell’s during the 4th quarter valued at about $29,000. Sittner & Nelson LLC bought a new position in Campbell’s in the fourth quarter worth about $29,000. Los Angeles Capital Management LLC bought a new position in Campbell’s in the fourth quarter worth about $29,000. Ankerstar Wealth LLC purchased a new stake in Campbell’s in the fourth quarter worth about $29,000. Finally, IMA Advisory Services Inc. purchased a new stake in Campbell’s in the fourth quarter worth about $33,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CPB shares. UBS Group cut their price objective on Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, June 9th. BTIG Research restated a “neutral” rating on shares of Campbell’s in a research note on Monday, June 8th. Zacks Research upgraded Campbell’s from a “strong sell” rating to a “hold” rating in a research report on Monday. DA Davidson upgraded Campbell’s to a “hold” rating in a research report on Monday, July 6th. Finally, Stifel Nicolaus upped their price target on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $21.20.

Campbell’s Trading Up 3.0%

NASDAQ:CPB opened at $23.28 on Friday. The Campbell’s Company has a one year low of $19.56 and a one year high of $34.17. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The company’s 50-day simple moving average is $22.28 and its 200 day simple moving average is $22.86. The firm has a market capitalization of $6.94 billion, a P/E ratio of 11.52 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last announced 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. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The business had revenue of $2.37 billion for the quarter. During the same quarter last year, the company posted $0.22 EPS. Campbell’s’s revenue for the quarter was down 4.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, analysts forecast that The Campbell’s Company will post 2.18 EPS for the current fiscal year.

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.