Campbell’s (NASDAQ:CPB) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

Campbell’s (NASDAQ:CPB – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also weighed in on CPB. DA Davidson upgraded shares of Campbell’s to a “hold” rating in a report on Monday, July 6th. Stifel Nicolaus increased their price target on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. BTIG Research reissued a “neutral” rating on shares of Campbell’s in a research note on Friday. TD Cowen raised their price target on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and set a $19.00 price objective (down from $21.00) on shares of Campbell’s in a research note on Tuesday, June 9th. Thirteen investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $19.94.

Check Out Our Latest Report on CPB

Campbell’s Price Performance

Campbell’s stock opened at $21.38 on Friday. The business’s 50-day simple moving average is $22.73 and its 200 day simple moving average is $22.30. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 2.49 and a beta of 0.03. Campbell’s has a 12-month low of $19.56 and a 12-month high of $34.17. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60.

Campbell’s (NASDAQ:CPB – Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%.The firm had revenue of $2.14 billion during the quarter. During the same period in the prior year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, research analysts anticipate that Campbell’s will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its stake in Campbell’s by 644.9% during the 1st 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 in the last quarter. Fluent Financial LLC bought a new position in Campbell’s in the second quarter valued at approximately $1,394,000. Atria Investments Inc bought a new position in Campbell’s in the second quarter valued at approximately $1,136,000. Saba Capital Management L.P. boosted its holdings in shares of 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 buying an additional 267,372 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of 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 buying an additional 1,757,264 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Campbell’s

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Campbell’s Company Profile

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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.

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