The Campbell’s Company (NASDAQ:CPB) Stock Has Consensus Target Price of $19.88 According to Brokerages

The Campbell’s Company (NASDAQ:CPB) has been assigned a consensus recommendation of “Reduce” from the twenty research firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation and thirteen have issued a hold recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $19.88.

Several research analysts have recently issued reports on CPB shares. Wall Street Zen downgraded shares of Campbell’s from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. DA Davidson reissued a “neutral” rating and set a $20.00 price objective on shares of Campbell’s in a report on Tuesday, September 8th. JPMorgan Chase & Co. boosted their price objective on Campbell’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Zacks Research downgraded Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, TD Cowen increased their target price on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th.

Campbell’s Trading Up 2.5%

CPB opened at $19.37 on Friday. The company’s 50 day moving average is $21.75 and its 200-day moving average is $21.55. Campbell’s has a 1-year low of $18.60 and a 1-year high of $32.04. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The company has a market cap of $5.78 billion, a P/E ratio of 14.79, a PEG ratio of 2.22 and a beta of 0.06.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $2.14 billion for the quarter. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Equities research analysts predict that Campbell’s will post 1.7 earnings per share for the current fiscal year.

Campbell’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be paid a $0.25 dividend. This is a decrease from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, October 1st. Campbell’s’s payout ratio is currently 76.34%.

Institutional Investors Weigh In On Campbell’s

Hedge funds have recently added to or reduced their stakes in the business. Sittner & Nelson LLC acquired a new position in Campbell’s in the 4th quarter valued at approximately $29,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Campbell’s during the second quarter worth $31,000. IMA Advisory Services Inc. bought a new stake in shares of Campbell’s in the fourth quarter worth $33,000. Glen Eagle Advisors LLC grew its stake in shares of Campbell’s by 133.2% in the fourth quarter. Glen Eagle Advisors LLC now owns 1,434 shares of the company’s stock worth $40,000 after purchasing an additional 819 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Campbell’s by 946.6% during the 2nd quarter. Versant Capital Management Inc now owns 2,470 shares of the company’s stock worth $55,000 after purchasing an additional 2,234 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

About Campbell’s

Campbell’s, formerly known as Campbell Soup Company, is a packaged food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company is best known for its soups and has expanded into a broad portfolio of branded meals, sauces, snacks and beverages.

Its meals and beverages portfolio includes Campbell’s soups, Swanson broths and stocks, Prego pasta sauces, V8 vegetable beverages, Pace Mexican-style sauces and Rao’s sauces and meals. The company also sells snack products through brands such as Goldfish, Pepperidge Farm, Lance, Late July and Snyder’s of Hanover.

Campbell’s primarily serves consumers in the United States and Canada through grocery stores, mass merchants, club stores, convenience retailers, foodservice distributors and e-commerce channels.