Zacks Research downgraded shares of Campbell’s (NASDAQ:CPB – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday,Zacks.com reports.
Other analysts also recently issued reports about the company. UBS Group reduced their price objective on Campbell’s from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Campbell’s in a research note on Thursday, April 2nd. Barclays decreased their price objective on Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Monday. DA Davidson decreased their price objective on Campbell’s from $30.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Finally, Wells Fargo & Company lowered Campbell’s from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $20.00 to $18.00 in a research note on Wednesday, April 8th. Twelve research analysts have rated the stock with a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and a consensus price target of $21.88.
Read Our Latest Analysis on CPB
Campbell’s Stock Down 0.7%
Campbell’s (NASDAQ:CPB – Get Free Report) last posted its earnings results on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Analysts predict that Campbell’s will post 2.18 EPS for the current fiscal year.
Campbell’s Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 annualized dividend and a yield of 6.9%. Campbell’s’s dividend payout ratio is 77.23%.
Institutional Trading of Campbell’s
A number of hedge funds have recently added to or reduced their stakes in CPB. Two Sigma Investments LP boosted its stake in Campbell’s by 534.8% in the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after buying an additional 4,159,398 shares during the last quarter. Brandywine Managers LLC acquired a new stake in Campbell’s in the 4th quarter worth about $92,793,000. Lazard Asset Management LLC acquired a new stake in Campbell’s in the 1st quarter worth about $61,261,000. Invesco Ltd. boosted its stake in Campbell’s by 42.6% in the 3rd quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after buying an additional 2,387,575 shares during the last quarter. Finally, UBS Group AG boosted its stake in Campbell’s by 175.7% in the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after buying an additional 2,377,488 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.
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.
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