Shares of The Campbell’s Company (NASDAQ:CPB – Get Free Report) have received a consensus rating of “Reduce” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $19.88.
Several brokerages have weighed in on CPB. Jefferies Financial Group dropped their target price on Campbell’s from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, September 3rd. DA Davidson reiterated a “neutral” rating and issued a $20.00 target price on shares of Campbell’s in a research note on Tuesday, September 8th. Evercore set a $21.00 price target on shares of Campbell’s in a report on Monday, September 14th. BTIG Research restated a “neutral” rating on shares of Campbell’s in a research report on Friday, September 4th. Finally, Zacks Research lowered shares of Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th.
Read Our Latest Analysis on CPB
Campbell’s Stock Performance
Shares of NASDAQ CPB opened at $22.14 on Tuesday. 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 firm’s 50-day moving average price is $20.85 and its two-hundred day moving average price is $22.49. Campbell’s has a 52-week low of $18.60 and a 52-week high of $32.04. The stock has a market capitalization of $6.60 billion, a P/E ratio of 9.49, a P/E/G ratio of 2.43 and a beta of 0.06.
Campbell’s (NASDAQ:CPB – Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $2.14 billion during the quarter. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, sell-side analysts forecast that Campbell’s will post 1.70 earnings per share for the current year.
Campbell’s Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st were given a $0.25 dividend. This is a negative change from Campbell’s’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, October 1st. This represents a $1.00 annualized dividend and a yield of 4.5%. Campbell’s’s payout ratio is currently 76.34%.
Institutional Investors Weigh In On Campbell’s
Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Campbell’s by 23.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after buying an additional 1,933,814 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Campbell’s during the second quarter valued at approximately $79,090,000. First Trust Advisors LP increased its stake in shares of Campbell’s by 35.0% during the first quarter. First Trust Advisors LP now owns 2,820,793 shares of the company’s stock valued at $62,819,000 after acquiring an additional 731,393 shares during the period. Lazard Asset Management LLC bought a new stake in Campbell’s during the first quarter worth approximately $61,261,000. Finally, Hsbc Holdings PLC raised its holdings in Campbell’s by 644.9% during the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after purchasing an additional 1,613,873 shares in the last quarter. Institutional investors and hedge funds 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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