Campbell’s (NASDAQ:CPB – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday, Zacks reports.
Other analysts have also issued research reports about the stock. Bank of America dropped their price objective on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a report on Tuesday, June 9th. TD Cowen boosted their target price on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. UBS Group increased their price target on Campbell’s from $18.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, September 4th. Wall Street Zen downgraded Campbell’s from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Finally, Stifel Nicolaus boosted their price objective on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $19.94.
Check Out Our Latest Stock Report on CPB
Campbell’s Stock Down 4.3%
Campbell’s (NASDAQ:CPB – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The firm had revenue of $2.14 billion during the quarter. During the same period in the prior year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Equities research analysts anticipate that Campbell’s will post 1.7 EPS for the current fiscal year.
Institutional Trading of Campbell’s
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sittner & Nelson LLC acquired a new position in Campbell’s during the 4th quarter worth $29,000. Los Angeles Capital Management LLC acquired a new stake in shares of Campbell’s in the 4th quarter valued at $29,000. Ankerstar Wealth LLC acquired a new stake in shares of Campbell’s in the 4th quarter valued at $29,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Campbell’s during the second quarter worth $31,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of Campbell’s during the fourth quarter worth $33,000. Institutional investors and hedge funds own 52.35% of the company’s stock.
About Campbell’s
Campbell’s (NASDAQ: CPB) is a branded food company that develops, produces and markets packaged meals, beverages and snacks. Its portfolio includes soups, sauces, pasta products, frozen meals, dips, crackers, cookies and yogurt.
The company’s brands include Campbell’s, Goldfish, Pepperidge Farm, V8, Prego, Pace, Swanson, Rao’s, Michael Angelo’s and noosa. Products are sold primarily through grocery stores, mass merchants, club stores, convenience stores, food-service distributors and e-commerce channels.
Founded in 1869 by Joseph A.
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