Campbell’s (NASDAQ:CPB) Hits New 1-Year Low – What’s Next?

by · The Markets Daily

The Campbell’s Company (NASDAQ:CPB – Get Free Report)’s stock price reached a new 52-week low during trading on Friday. The stock traded as low as $19.52 and last traded at $19.4140, with a volume of 1557941 shares traded. The stock had previously closed at $19.85.

Wall Street Analyst Weigh In

CPB has been the topic of several recent analyst reports. Sanford C. Bernstein reissued an “underperform” rating and issued a $19.00 target price (down from $21.00) on shares of Campbell’s in a report on Tuesday, June 9th. William Blair started coverage on shares of Campbell’s in a research note on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Stephens set a $20.00 price target on Campbell’s in a research note on Friday, August 28th. Zacks Research downgraded Campbell’s from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Finally, TD Cowen lifted their price target on shares of Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Twelve research 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, the stock has an average rating of “Reduce” and an average target price of $19.88.

Get Our Latest Report on Campbell’s

Campbell’s Stock Performance

The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82. The company has a market capitalization of $5.77 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 2.38 and a beta of 0.03. The stock’s fifty day simple moving average is $22.29 and its 200-day simple moving average is $21.74.

Campbell’s (NASDAQ:CPB – Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $2.14 billion during the quarter. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, equities analysts predict that The Campbell’s Company will post 1.7 earnings per share for the current year.

Campbell’s Cuts Dividend

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

Hedge Funds Weigh In On Campbell’s

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sittner & Nelson LLC purchased a new stake in Campbell’s during the fourth quarter worth approximately $29,000. IMA Advisory Services Inc. bought a new position in Campbell’s during the 4th quarter valued at $33,000. Comprehensive Financial Planning Inc. PA acquired a new position in Campbell’s in the second quarter worth about $31,000. Glen Eagle Advisors LLC increased its holdings in shares of Campbell’s by 133.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,434 shares of the company’s stock valued at $40,000 after acquiring an additional 819 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Campbell’s during the fourth quarter worth $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell’s Company Profile

(Get Free Report)

Campbell’s (NASDAQ: CPB) is a branded food company that develops, produces and markets packaged meals, beverages and snacks. Its portfolio includes soups, sauces, pasta products, frozen meals, dips, crackers, cookies and yogurt.

The company’s brands include Campbell’s, Goldfish, Pepperidge Farm, V8, Prego, Pace, Swanson, Rao’s, Michael Angelo’s and noosa. Products are sold primarily through grocery stores, mass merchants, club stores, convenience stores, food-service distributors and e-commerce channels.

Founded in 1869 by Joseph A.

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