The Campbell’s Company (NASDAQ:CPB) Stock Has Average Target Price of $19.88

by · The Markets Daily

The Campbell’s Company (NASDAQ:CPB – Get Free Report) has been assigned an average recommendation of “Reduce” from the twenty analysts that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.88.

Several analysts have weighed in on CPB shares. Wall Street Zen lowered shares of Campbell’s from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. DA Davidson restated a “neutral” rating and issued a $20.00 price target on shares of Campbell’s in a research report on Tuesday, September 8th. Evercore set a $21.00 price objective on shares of Campbell’s in a research report on Monday, September 14th. Zacks Research lowered Campbell’s from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Finally, Weiss Ratings lowered Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th.

View Our Latest Stock Analysis on CPB

Hedge Funds Weigh In On Campbell’s

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Campbell’s by 23.3% in the 1st 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 during the period. Bank of New York Mellon Corp acquired a new stake in Campbell’s during the 2nd quarter valued at $79,090,000. First Trust Advisors LP raised its stake in 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 purchasing an additional 731,393 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Campbell’s in the first quarter valued at $61,261,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Campbell’s by 644.9% in the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock valued at $41,319,000 after purchasing an additional 1,613,873 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Price Performance

CPB stock opened at $21.42 on Tuesday. The stock’s 50 day moving average is $20.89 and its two-hundred day moving average is $22.51. Campbell’s has a 52-week low of $18.60 and a 52-week high of $32.04. The company has a market capitalization of $6.39 billion, a PE ratio of 16.35, a P/E/G ratio of 2.52 and a beta of 0.06. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60.

Campbell’s (NASDAQ:CPB – Get Free Report) last released 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 business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Analysts predict that Campbell’s will post 1.70 earnings per share for the current fiscal year.

Campbell’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a dividend of $0.25 per share. This is a drop from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, October 1st. Campbell’s’s dividend payout ratio (DPR) is 76.34%.

About Campbell’s

(Get Free Report)

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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