Campbell’s (NASDAQ:CPB) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Campbell’s (NASDAQ:CPB) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Sanford C. Bernstein lowered shares of Campbell’s from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $27.00 to $21.00 in a research report on Monday, April 27th. UBS Group lowered their price target on Campbell’s from $24.00 to $20.00 and set a “sell” rating for the company in a report on Friday, March 13th. TD Cowen lowered their price target on Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, March 12th. DA Davidson reiterated a “neutral” rating and issued a $30.00 price target on shares of Campbell’s in a report on Thursday, March 12th. Finally, Stifel Nicolaus lowered their price target on Campbell’s from $25.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $26.06.

Campbell’s Stock Performance

Campbell’s stock opened at $20.35 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 0.51. Campbell’s has a 1-year low of $19.76 and a 1-year high of $36.03. The firm has a market capitalization of $6.07 billion, a P/E ratio of 11.12 and a beta of 0.01. The company’s 50-day moving average is $21.61 and its 200 day moving average is $26.15.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Campbell’s had a return on equity of 19.96% and a net margin of 5.48%.The firm had revenue of $2.56 billion during the quarter. During the same quarter in the prior year, the business earned $0.74 earnings per share. Campbell’s’s revenue for the quarter was down 4.5% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Research analysts forecast that Campbell’s will post 2.19 EPS for the current year.

Campbell’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 7.7%. Campbell’s’s payout ratio is 85.25%.

Institutional Investors Weigh In On Campbell’s

Several institutional investors have recently bought and sold shares of CPB. Stance Capital LLC acquired a new stake in Campbell’s in the third quarter valued at approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in Campbell’s in the fourth quarter valued at approximately $29,000. Sittner & Nelson LLC acquired a new stake in Campbell’s in the fourth quarter valued at approximately $29,000. Los Angeles Capital Management LLC acquired a new stake in Campbell’s in the fourth quarter valued at approximately $29,000. Finally, Ankerstar Wealth LLC acquired a new stake in Campbell’s in the fourth quarter valued at approximately $29,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

About Campbell’s

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.