Campbell Soup (NASDAQ:CPB) Stock Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The Campbell Soup Company NASDAQ: CPB. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Campbell Soup stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Campbell Soup Stock Down 1.8 %

Shares of CPB stock traded down $0.72 during trading hours on Wednesday, hitting $39.18. 1,483,899 shares of the company's stock traded hands, compared to its average volume of 2,711,959. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The stock's fifty day simple moving average is $39.10 and its two-hundred day simple moving average is $42.92. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.71 and a beta of 0.19.

Remove Ads

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CPB. MassMutual Private Wealth & Trust FSB raised its holdings in Campbell Soup by 53.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,562 shares of the company's stock worth $62,000 after purchasing an additional 541 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Campbell Soup by 25.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,752 shares of the company's stock worth $450,000 after buying an additional 2,156 shares during the period. Siemens Fonds Invest GmbH purchased a new position in shares of Campbell Soup during the 4th quarter valued at about $135,000. QSM Asset Management Ltd bought a new position in shares of Campbell Soup during the 4th quarter valued at approximately $6,556,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Campbell Soup in the 4th quarter worth approximately $10,462,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on CPB shares. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell Soup in a report on Monday, March 17th. Morgan Stanley started coverage on Campbell Soup in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 price objective on the stock. Royal Bank of Canada reduced their target price on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. Citigroup lowered their price target on Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, March 6th. Finally, Bank of America reduced their price objective on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Campbell Soup presently has a consensus rating of "Hold" and a consensus target price of $44.86.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.19% of the stock is owned by company insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Campbell Soup Company Profile

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.