Campbell’s (NASDAQ:CPB) Price Target Raised to $22.00

Campbell’s (NASDAQ:CPB) had its price target increased by JPMorgan Chase & Co. from $20.00 to $22.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research raised shares of Campbell’s from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Royal Bank Of Canada dropped their price target on shares of Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 9th. Barclays cut their price objective on shares of Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Monday, June 8th. Finally, DA Davidson raised shares of Campbell’s to a “hold” rating in a research report on Monday, July 6th. Twelve investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and an average target price of $20.40.

Campbell’s Price Performance

CPB stock opened at $23.77 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. Campbell’s has a 1 year low of $19.56 and a 1 year high of $34.17. The firm has a market cap of $7.09 billion, a P/E ratio of 11.77 and a beta of 0.02. The stock has a 50-day simple moving average of $22.39 and a 200-day simple moving average of $22.72.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities analysts predict that Campbell’s will post 2.18 earnings per share for the current fiscal year.

Institutional Trading of Campbell’s

A number of hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp increased its stake in shares of Campbell’s by 71.1% in the second quarter. Sigma Planning Corp now owns 168,176 shares of the company’s stock worth $3,745,000 after buying an additional 69,871 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Campbell’s by 31.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,466 shares of the company’s stock valued at $545,000 after acquiring an additional 5,910 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Campbell’s by 29.0% during the 2nd quarter. Wedbush Securities Inc. now owns 15,105 shares of the company’s stock valued at $336,000 after acquiring an additional 3,400 shares during the last quarter. Van ECK Associates Corp boosted its stake in Campbell’s by 25.0% during the 2nd quarter. Van ECK Associates Corp now owns 400,186 shares of the company’s stock valued at $8,912,000 after acquiring an additional 80,141 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Campbell’s during the 2nd quarter valued at $1,259,000. 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.