Principal Financial Group Inc. Has $6.69 Million Stock Position in The Campbell’s Company $CPB

Principal Financial Group Inc. lessened its holdings in shares of The Campbell’s Company (NASDAQ:CPB) by 16.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 211,794 shares of the company’s stock after selling 40,956 shares during the quarter. Principal Financial Group Inc.’s holdings in Campbell’s were worth $6,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its stake in shares of Campbell’s by 66.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock worth $29,000 after acquiring an additional 385 shares during the period. Geneos Wealth Management Inc. boosted its position in Campbell’s by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the period. Parvin Asset Management LLC acquired a new position in shares of Campbell’s in the second quarter valued at $35,000. Kentucky Trust Co raised its position in shares of Campbell’s by 40.0% in the third quarter. Kentucky Trust Co now owns 1,400 shares of the company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Finally, Country Trust Bank acquired a new stake in shares of Campbell’s during the 2nd quarter worth about $46,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell’s Trading Up 1.6%

Shares of CPB stock opened at $29.49 on Friday. The stock has a market cap of $8.79 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 10.35 and a beta of -0.04. The Campbell’s Company has a 1 year low of $25.62 and a 1 year high of $43.85. The company has a current ratio of 0.82, a quick ratio of 0.34 and a debt-to-equity ratio of 1.54. The stock has a 50 day simple moving average of $27.74 and a 200 day simple moving average of $30.27.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The firm had revenue of $2.68 billion for the quarter. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.The business’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. On average, research analysts predict that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 8th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $1.56 annualized dividend and a yield of 5.3%. Campbell’s’s dividend payout ratio is currently 80.83%.

Insider Transactions at Campbell’s

In related news, EVP Anthony Sanzio sold 2,700 shares of Campbell’s 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 of the company’s stock, valued at $669,748.64. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles A. Brawley III sold 11,550 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total transaction of $325,017.00. Following the transaction, the executive vice president owned 43,777 shares of the company’s stock, valued at approximately $1,231,884.78. This represents a 20.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 19.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stephens decreased their price target on shares of Campbell’s from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Stifel Nicolaus set a $30.00 target price on Campbell’s and gave the company a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings lowered Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Wells Fargo & Company dropped their price target on Campbell’s from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Finally, Barclays set a $27.00 price objective on Campbell’s in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $32.29.

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.