The Campbell’s Company (NASDAQ:CPB – Get Free Report) has earned a consensus recommendation of “Reduce” from the nineteen research firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $19.9375.
A number of research analysts have commented on CPB shares. UBS Group boosted their price objective on Campbell’s from $18.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, September 4th. DA Davidson reiterated a “neutral” rating and issued a $20.00 target price on shares of Campbell’s in a research note on Tuesday. Royal Bank Of Canada reduced their price target on Campbell’s from $21.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Friday, September 4th. Stifel Nicolaus boosted their price target on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Barclays decreased their price target on Campbell’s from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, September 4th.
Read Our Latest Stock Analysis on CPB
Campbell’s Stock Up 0.3%
Campbell’s (NASDAQ:CPB – Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.14 billion for the quarter. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. Campbell’s’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business 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 expect that Campbell’s will post 1.7 EPS for the current year.
Campbell’s Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a $0.25 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. Campbell’s’s payout ratio is 119.08%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Sittner & Nelson LLC bought a new position in shares of Campbell’s during the fourth quarter worth about $29,000. Los Angeles Capital Management LLC acquired a new stake in Campbell’s in the fourth quarter worth approximately $29,000. Ankerstar Wealth LLC bought a new position in Campbell’s during the fourth quarter valued at about $29,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Campbell’s in the 2nd quarter worth approximately $31,000. Finally, IMA Advisory Services Inc. acquired a new position in Campbell’s in the fourth quarter worth approximately $33,000. Institutional investors 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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