Campbell’s (NASDAQ:CPB) Upgraded at Zacks Research

Campbell’s (NASDAQ:CPBGet Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the company. UBS Group cut their target price on Campbell’s from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, June 9th. William Blair initiated coverage on Campbell’s in a research note on Tuesday, June 23rd. They issued a “market perform” rating on the stock. DA Davidson upgraded Campbell’s to a “hold” rating in a report on Monday, July 6th. BTIG Research reissued a “neutral” rating on shares of Campbell’s in a research report on Monday, June 8th. Finally, Stephens lowered shares of Campbell’s from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $28.00 to $21.00 in a report on Monday, June 1st. Twelve analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and an average target price of $21.20.

Get Our Latest Research Report on CPB

Campbell’s Trading Up 1.3%

Shares of CPB stock opened at $22.72 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 11.25 and a beta of 0.02. The company’s 50-day moving average price is $22.22 and its 200-day moving average price is $22.91. Campbell’s has a twelve month low of $19.56 and a twelve month high of $34.17.

Campbell’s (NASDAQ:CPBGet Free Report) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $2.37 billion during the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, equities analysts predict that Campbell’s will post 2.18 earnings per share for the current year.

Institutional Investors Weigh In On Campbell’s

Institutional investors and hedge funds have recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Campbell’s during the 2nd quarter worth about $779,000. Comprehensive Financial Planning Inc. PA acquired a new position in Campbell’s in the 2nd quarter valued at about $31,000. Citizens Financial Group Inc. RI acquired a new position in Campbell’s in the 2nd quarter valued at about $273,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Campbell’s during the second quarter worth about $878,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Campbell’s during the second quarter worth about $79,090,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Company Profile

(Get Free Report)

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.

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