Morgan Stanley Cuts Campbell’s (NASDAQ:CPB) Price Target to $28.00

Campbell’s (NASDAQ:CPB) had its price objective cut by Morgan Stanley from $30.00 to $28.00 in a research note published on Friday morning, Marketbeat Ratings reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Stephens decreased their price objective on shares of Campbell’s from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. UBS Group reduced their target price on shares of Campbell’s from $28.00 to $26.00 and set a “sell” rating for the company in a report on Wednesday, December 10th. Stifel Nicolaus dropped their price objective on shares of Campbell’s from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, December 10th. Weiss Ratings downgraded Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Finally, Royal Bank Of Canada reduced their price target on shares of Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $32.29.

Campbell’s Stock Performance

NASDAQ CPB opened at $26.08 on Friday. The stock’s fifty day moving average is $28.88 and its two-hundred day moving average is $30.78. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.82. The firm has a market capitalization of $7.78 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 9.15 and a beta of -0.04. Campbell’s has a fifty-two week low of $25.62 and a fifty-two week high of $43.85.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The company had revenue of $2.68 billion for the quarter. The firm’s quarterly revenue 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. On average, research analysts anticipate that Campbell’s will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, January 8th. This represents a $1.56 dividend on an annualized basis and a yield of 6.0%. Campbell’s’s payout ratio is currently 80.83%.

Insider Buying and Selling

In other news, EVP Charles A. Brawley III sold 11,550 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total value of $325,017.00. Following the completion of the transaction, the executive vice president owned 43,777 shares of the company’s stock, valued at approximately $1,231,884.78. This represents a 20.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Anthony Sanzio sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $26.51, for a total transaction of $71,577.00. Following the completion of the sale, the executive vice president directly owned 25,264 shares of the company’s stock, valued at approximately $669,748.64. This represents a 9.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 19.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CPB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Campbell’s by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock worth $777,000 after buying an additional 685 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Campbell’s by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock worth $26,369,000 after purchasing an additional 27,374 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Campbell’s during the first quarter worth approximately $446,000. Woodline Partners LP increased its stake in shares of Campbell’s by 40.9% in the 1st quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock valued at $664,000 after buying an additional 4,827 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Company Profile

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.