Nordea Investment Management AB Cuts Stock Position in The Campbell’s Company $CPB

Nordea Investment Management AB lessened its holdings in The Campbell’s Company (NASDAQ:CPB) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,058 shares of the company’s stock after selling 4,425 shares during the quarter. Nordea Investment Management AB’s holdings in Campbell’s were worth $11,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new position in shares of Campbell’s in the 2nd quarter worth about $25,000. Manchester Capital Management LLC raised its position in Campbell’s by 923.2% in the first quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock worth $28,000 after acquiring an additional 637 shares during the period. ORG Partners LLC boosted its stake in Campbell’s by 77.3% in the second quarter. ORG Partners LLC now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 395 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Campbell’s by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Campbell’s during the 1st quarter valued at approximately $47,000. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Campbell’s from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Barclays decreased their target price on Campbell’s from $35.00 to $30.00 and set an “underweight” rating for the company in a research report on Monday, July 14th. Cowen reaffirmed a “hold” rating on shares of Campbell’s in a research report on Thursday, September 4th. Morgan Stanley increased their price target on Campbell’s from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Finally, TD Cowen boosted their price objective on Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $34.82.

Campbell’s Stock Performance

NASDAQ:CPB opened at $30.86 on Monday. The business’s fifty day moving average is $32.23 and its 200 day moving average is $33.37. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 10.72 and a beta of 0.02. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77. The Campbell’s Company has a 52-week low of $29.39 and a 52-week high of $48.68.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the business posted $3.08 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts predict that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 2nd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 annualized dividend and a yield of 5.1%. Campbell’s’s dividend payout ratio (DPR) is currently 78.00%.

Campbell’s Profile

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.