Handelsbanken Fonder AB Buys 32,200 Shares of The Campbell’s Company $CPB

Handelsbanken Fonder AB increased its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 73.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 75,900 shares of the company’s stock after buying an additional 32,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Campbell’s were worth $2,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPB. SBI Securities Co. Ltd. grew its holdings 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 purchasing an additional 385 shares in the last quarter. Parvin Asset Management LLC acquired a new position in Campbell’s in the second quarter valued at about $35,000. Geneos Wealth Management Inc. raised 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 purchasing an additional 750 shares in the last quarter. Rothschild Investment LLC lifted its position in Campbell’s by 85.5% during the third quarter. Rothschild Investment LLC now owns 1,271 shares of the company’s stock worth $40,000 after purchasing an additional 586 shares during the period. Finally, Kentucky Trust Co grew its stake in Campbell’s by 40.0% during the third quarter. Kentucky Trust Co now owns 1,400 shares of the company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CPB shares. Stephens dropped their target price on shares of Campbell’s from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. DA Davidson reissued a “neutral” rating and issued a $30.00 price objective on shares of Campbell’s in a research note on Thursday, December 11th. Weiss Ratings downgraded shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Stifel Nicolaus set a $30.00 target price on Campbell’s and gave the stock a “hold” rating in a research note on Tuesday, December 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $26.00 price target on shares of Campbell’s in a research note on Monday. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Campbell’s currently has a consensus rating of “Reduce” and a consensus target price of $31.53.

Campbell’s Stock Performance

Shares of Campbell’s stock opened at $26.05 on Wednesday. The company’s 50 day moving average price is $27.39 and its two-hundred day moving average price is $29.81. The firm has a market capitalization of $7.77 billion, a P/E ratio of 13.50, a P/E/G ratio of 9.24 and a beta of -0.03. The Campbell’s Company has a fifty-two week low of $25.62 and a fifty-two week high of $43.85. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.82 and a quick ratio of 0.34.

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

Campbell’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, April 2nd. Campbell’s’s dividend payout ratio (DPR) is presently 80.83%.

Insider Activity

In other news, EVP Charles A. Brawley III sold 11,550 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total transaction of $325,017.00. Following the sale, the executive vice president directly owned 43,777 shares in the company, valued at approximately $1,231,884.78. The trade was a 20.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Anthony Sanzio sold 2,700 shares of the company’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 completion of the transaction, the executive vice president directly owned 25,264 shares of the company’s stock, valued at $669,748.64. This represents a 9.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 19.78% of the company’s stock.

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.