Zacks Research Upgrades Campbell’s (NASDAQ:CPB) to “Hold”

Campbell’s (NASDAQ:CPB) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Sanford C. Bernstein reiterated an “underperform” rating and set a $19.00 price target (down from $21.00) on shares of Campbell’s in a report on Tuesday, June 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Campbell’s in a research note on Tuesday, June 30th. DA Davidson raised Campbell’s to a “hold” rating in a research report on Monday, July 6th. BTIG Research reaffirmed a “neutral” rating on shares of Campbell’s in a report on Monday, June 8th. Finally, Morgan Stanley reduced their price target on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Twelve equities research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, Campbell’s presently has an average rating of “Reduce” and an average target price of $21.20.

Campbell’s Price Performance

Shares of CPB opened at $22.72 on Monday. Campbell’s has a 12-month low of $19.56 and a 12-month high of $34.17. The business has a 50-day simple moving average of $22.22 and a two-hundred day simple moving average of $22.91. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The stock has a market cap of $6.78 billion, a PE ratio of 11.25 and a beta of 0.02.

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

Institutional Investors Weigh In On Campbell’s

Several large investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Campbell’s during the 4th quarter valued at $1,596,000. Hsbc Holdings PLC grew its holdings in Campbell’s by 644.9% in the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after purchasing an additional 1,613,873 shares during the period. Fluent Financial LLC acquired a new stake in Campbell’s in the second quarter worth $1,394,000. Saba Capital Management L.P. increased its stake in Campbell’s by 556.6% in the first quarter. Saba Capital Management L.P. now owns 315,406 shares of the company’s stock valued at $7,024,000 after purchasing an additional 267,372 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Campbell’s by 190.3% in the fourth quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock valued at $74,715,000 after purchasing an additional 1,757,264 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

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.