Stifel Nicolaus Cuts Campbell’s (NASDAQ:CPB) Price Target to $20.00

Campbell’s (NASDAQ:CPB) had its target price trimmed by Stifel Nicolaus from $25.00 to $20.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also recently commented on CPB. DA Davidson reiterated a “neutral” rating and set a $30.00 target price on shares of Campbell’s in a research note on Thursday, March 12th. TD Cowen cut their target price on shares of Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Sanford C. Bernstein dropped their price objective on shares of Campbell’s from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. Wells Fargo & Company cut shares of Campbell’s from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Wednesday, April 8th. Finally, Bank of America dropped their target price on shares of Campbell’s from $26.00 to $23.00 and set an “underperform” rating for the company in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $26.39.

Campbell’s Price Performance

NASDAQ:CPB opened at $20.96 on Tuesday. The stock has a market cap of $6.25 billion, a P/E ratio of 11.45 and a beta of 0.03. Campbell’s has a one year low of $19.76 and a one year high of $37.55. The company has a fifty day moving average price of $23.23 and a 200 day moving average price of $27.05. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 0.51.

Campbell’s (NASDAQ:CPB) last released its earnings results on Wednesday, March 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.06). The company had revenue of $2.56 billion for the quarter. Campbell’s had a net margin of 5.48% and a return on equity of 19.96%. Campbell’s’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Analysts anticipate that Campbell’s will post 2.2 earnings per share for the current year.

Campbell’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, April 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.4%. Campbell’s’s dividend payout ratio (DPR) is 85.25%.

Institutional Investors Weigh In On Campbell’s

A number of hedge funds have recently made changes to their positions in the company. Inspire Investing LLC increased its position in shares of Campbell’s by 26.2% during the 1st quarter. Inspire Investing LLC now owns 14,830 shares of the company’s stock worth $330,000 after purchasing an additional 3,078 shares in the last quarter. Intrua Financial LLC increased its position in shares of Campbell’s by 14.4% during the 1st quarter. Intrua Financial LLC now owns 9,275 shares of the company’s stock worth $207,000 after purchasing an additional 1,169 shares in the last quarter. Patton Fund Management Inc. increased its position in shares of Campbell’s by 99.9% during the 1st quarter. Patton Fund Management Inc. now owns 14,662 shares of the company’s stock worth $327,000 after purchasing an additional 7,327 shares in the last quarter. Skylands Capital LLC acquired a new stake in shares of Campbell’s during the 1st quarter worth about $1,769,000. Finally, Advocate Investing Services LLC increased its position in shares of Campbell’s by 80.0% during the 1st quarter. Advocate Investing Services LLC now owns 30,232 shares of the company’s stock worth $673,000 after purchasing an additional 13,432 shares in the last quarter. Institutional investors and hedge funds own 52.35% 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.