The Campbell’s Company (NASDAQ:CPB – Get Free Report)’s stock price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $20.93 and traded as high as $21.01. Campbell’s shares last traded at $21.00, with a volume of 4,970,918 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. TD Cowen lifted their price objective on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Wall Street Zen cut Campbell’s from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. BTIG Research reiterated a “neutral” rating on shares of Campbell’s in a research report on Friday, September 4th. Finally, Argus raised Campbell’s to a “hold” rating in a report on Wednesday, September 30th. Twelve research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company. According to MarketBeat, Campbell’s presently has a consensus rating of “Reduce” and an average price target of $19.88.
Get Our Latest Stock Report on CPB
Campbell’s Price Performance
The firm has a 50 day moving average price of $20.93 and a 200 day moving average price of $22.53. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60. The stock has a market cap of $6.26 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.43 and a beta of 0.06.
Campbell’s (NASDAQ:CPB – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $2.14 billion for the quarter. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. On average, analysts forecast that The Campbell’s Company will post 1.70 EPS for the current fiscal year.
Campbell’s Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, October 1st. This is a negative change from Campbell’s’s previous quarterly dividend of $0.39. Campbell’s’s dividend payout ratio (DPR) is 76.34%.
Hedge Funds Weigh In On Campbell’s
Several large investors have recently added to or reduced their stakes in CPB. Dimensional Fund Advisors LP increased its stake in shares of Campbell’s by 23.3% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after purchasing an additional 1,933,814 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Campbell’s during the 2nd quarter valued at $79,090,000. First Trust Advisors LP lifted its stake in shares of Campbell’s by 35.0% during the 1st quarter. First Trust Advisors LP now owns 2,820,793 shares of the company’s stock valued at $62,819,000 after buying an additional 731,393 shares in the last quarter. Lazard Asset Management LLC bought a new position in Campbell’s in the 1st quarter worth $61,261,000. Finally, Hsbc Holdings PLC boosted its holdings in Campbell’s by 644.9% in the 1st quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after buying an additional 1,613,873 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.
Campbell’s Company Profile
Campbell’s, formerly known as Campbell Soup Company, is a food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.
Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell’s, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo’s and Rao’s.
Campbell’s serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.
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