Royal Bank Of Canada Cuts Campbell’s (NASDAQ:CPB) Price Target to $30.00

Campbell’s (NASDAQ:CPB) had its target price decreased by Royal Bank Of Canada from $35.00 to $30.00 in a report published on Wednesday morning, Marketbeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other research analysts have also commented on CPB. DA Davidson set a $30.00 price objective on Campbell’s in a report on Monday, November 17th. JPMorgan Chase & Co. initiated coverage on shares of Campbell’s in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 target price on the stock. Stifel Nicolaus dropped their target price on shares of Campbell’s from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Campbell’s from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Friday, December 5th. Finally, Sanford C. Bernstein lowered their price objective on shares of Campbell’s from $39.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $32.59.

Campbell’s Trading Up 1.1%

Campbell’s stock opened at $28.74 on Wednesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.28 and a current ratio of 0.82. Campbell’s has a fifty-two week low of $27.85 and a fifty-two week high of $43.85. The stock has a market cap of $8.57 billion, a P/E ratio of 14.89, a PEG ratio of 9.95 and a beta of -0.05. The firm’s fifty day moving average price is $30.40 and its 200-day moving average price is $31.74.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.The company had revenue of $2.68 billion during the quarter. Campbell’s’s revenue for the quarter was down 3.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Equities research analysts forecast that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 8th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Thursday, January 8th. Campbell’s’s payout ratio is presently 80.83%.

Hedge Funds Weigh In On Campbell’s

Large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in Campbell’s during the second quarter valued at about $25,000. Stance Capital LLC bought a new stake in shares of Campbell’s in the 3rd quarter valued at about $27,000. ORG Partners LLC lifted its stake in shares of Campbell’s by 77.3% in the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 395 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Campbell’s by 66.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock valued at $29,000 after acquiring an additional 385 shares during the period. Finally, Parvin Asset Management LLC bought a new position in Campbell’s during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Company Profile

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.