Vanguard Group Inc. Sells 528,934 Shares of The Campbell’s Company $CPB

Vanguard Group Inc. cut its position in shares of The Campbell’s Company (NASDAQ:CPB) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,645,431 shares of the company’s stock after selling 528,934 shares during the period. Vanguard Group Inc. owned about 7.94% of Campbell’s worth $746,723,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CPB. SBI Securities Co. Ltd. raised its position in Campbell’s by 66.8% in the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock worth $29,000 after purchasing an additional 385 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Campbell’s in the 2nd quarter worth approximately $35,000. Geneos Wealth Management Inc. lifted its position in shares of Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the period. Kentucky Trust Co grew its position in 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 acquiring an additional 400 shares during the period. Finally, Country Trust Bank acquired a new position in Campbell’s during the second quarter worth $46,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Activity at Campbell’s

In other news, EVP Charles A. Brawley III sold 11,550 shares of the company’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 value of $325,017.00. Following the completion of the transaction, the executive vice president owned 43,777 shares in the company, valued at $1,231,884.78. This represents a 20.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony Sanzio sold 2,700 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $26.51, for a total transaction of $71,577.00. Following the sale, the executive vice president owned 25,264 shares in the company, valued at approximately $669,748.64. The trade was a 9.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 19.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Wells Fargo & Company cut their target price on shares of Campbell’s from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Sanford C. Bernstein decreased their price target on Campbell’s from $39.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Barclays set a $27.00 price target on Campbell’s in a report on Friday, January 16th. Finally, Stifel Nicolaus set a $30.00 target price on Campbell’s and gave the stock a “hold” rating in a report on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $32.29.

Campbell’s Stock Down 0.5%

Shares of NASDAQ:CPB opened at $26.83 on Monday. The company has a 50 day moving average price of $27.63 and a two-hundred day moving average price of $30.09. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.82. The company has a market capitalization of $8.00 billion, a PE ratio of 13.90, a PEG ratio of 9.42 and a beta of -0.04. The Campbell’s Company has a 52 week low of $25.62 and a 52 week high of $43.85.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The company had revenue of $2.68 billion during the quarter. Campbell’s’s revenue for the quarter was down 3.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current year.

About Campbell’s

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.