Campbell’s (NASDAQ:CPB) Updates FY 2026 Earnings Guidance

Campbell’s (NASDAQ:CPB) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.150-2.250 for the period, compared to the consensus earnings per share estimate of 2.420. The company issued revenue guidance of -, compared to the consensus revenue estimate of $9.9 billion.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CPB. Royal Bank Of Canada decreased their price objective on Campbell’s from $30.00 to $26.00 and set a “sector perform” rating on the stock in a report on Thursday. Barclays dropped their target price on Campbell’s from $27.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday. TD Cowen dropped their price objective on shares of Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a report on Thursday. Sanford C. Bernstein cut their price target on shares of Campbell’s from $33.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group restated a “hold” rating and issued a $26.00 target price on shares of Campbell’s in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $27.88.

Campbell’s Price Performance

Shares of NASDAQ CPB opened at $21.65 on Friday. Campbell’s has a 52 week low of $21.59 and a 52 week high of $40.59. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 8.91 and a beta of -0.03. The company has a current ratio of 1.01, a quick ratio of 0.34 and a debt-to-equity ratio of 1.66. The company’s 50-day moving average price is $26.88 and its 200 day moving average price is $29.45.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The business had revenue of $2.56 billion for the quarter. Campbell’s had a net margin of 5.48% and a return on equity of 19.96%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, research analysts forecast that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.2%. Campbell’s’s payout ratio is currently 80.83%.

Insiders Place Their Bets

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

Campbell’s News Roundup

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: High dividend yield and institutional buying cited as a potential value opportunity — MarketBeat highlights a rising yield (above 6%) and signs of institutional accumulation that could support a longer-term recovery. Campbell Soup Company Is High-Priority for Income Watch Lists
• Neutral Sentiment: Earnings call transcript and slide deck posted — full Q2 call materials and transcript are available for deeper read on management’s commentary and cost-control plans. Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Some analysts still maintain neutral/outperform views despite the miss — DA Davidson reaffirmed neutral ($30 target) while a few firms left higher targets, showing mixed analyst sentiment. DA Davidson rating/analyst notes
• Negative Sentiment: Q2 results missed expectations: EPS $0.51 vs. $0.57 expected; revenue down ~4.5% to $2.56B. Management lowered FY26 adjusted EPS guidance to $2.15–$2.25, below consensus, driven by weaker snack demand and margin pressure. Campbell’s cuts annual forecasts (Reuters)
• Negative Sentiment: Multiple broker price-target cuts and downgrades after the report — Deutsche Bank cut its target to $23 (hold), RBC trimmed to $26 (sector perform), Morgan Stanley and Stifel lowered targets to $25, and others reduced estimates. That pressure is weighing on sentiment. Analysts slash forecasts (Benzinga)
• Negative Sentiment: Operational headwinds highlighted: promotional pressure, tariff exposure, and execution issues in snacks hurt volumes and margins; press coverage notes the stock hitting long-term lows and investor criticism. Promotional pressure and execution challenges (MSN)

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP boosted its stake in Campbell’s by 534.8% in the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after acquiring an additional 4,159,398 shares in the last quarter. Brandywine Managers LLC acquired a new stake in Campbell’s during the 4th quarter worth approximately $92,793,000. Invesco Ltd. raised its position in Campbell’s by 42.6% in the 3rd quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after purchasing an additional 2,387,575 shares during the period. UBS Group AG increased its position in shares of Campbell’s by 175.7% during the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after purchasing an additional 2,377,488 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Campbell’s by 287.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,377,390 shares of the company’s stock worth $75,078,000 after acquiring an additional 1,763,870 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

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.