Campbell’s (NASDAQ:CPB) Releases FY 2026 Earnings Guidance

Campbell’s (NASDAQ:CPB) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.150-2.250 for the period, compared to the consensus EPS estimate of 2.420. The company issued revenue guidance of -, compared to the consensus revenue estimate of $9.9 billion.

Campbell’s Stock Down 8.3%

Shares of NASDAQ:CPB traded down $2.05 during mid-day trading on Wednesday, hitting $22.63. 6,877,736 shares of the company traded hands, compared to its average volume of 7,346,812. The stock has a 50-day moving average price of $27.10 and a two-hundred day moving average price of $29.55. Campbell’s has a 12-month low of $22.68 and a 12-month high of $40.59. The stock has a market cap of $6.75 billion, a P/E ratio of 11.74, a P/E/G ratio of 8.92 and a beta of -0.03. The company has a current ratio of 0.82, a quick ratio of 0.34 and a debt-to-equity ratio of 1.54.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The company had revenue of $2.56 billion during the quarter. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities research analysts forecast that Campbell’s will post 3.15 earnings per share for the current year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 6.9%. Campbell’s’s dividend payout ratio (DPR) is currently 80.83%.

Analyst Ratings Changes

A number of research firms have recently commented on CPB. Jefferies Financial Group restated a “hold” rating and set a $26.00 price target on shares of Campbell’s in a research note on Monday, March 2nd. Wells Fargo & Company dropped their price objective on Campbell’s from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Morgan Stanley reduced their price objective on Campbell’s from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Royal Bank Of Canada lowered their target price on Campbell’s from $35.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 10th. Finally, Weiss Ratings cut Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $31.35.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,700 shares of Campbell’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $26.51, for a total transaction of $71,577.00. Following the completion of the sale, the executive vice president directly owned 25,264 shares of the company’s stock, valued at approximately $669,748.64. The trade was a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles A. Brawley III sold 11,550 shares of Campbell’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total transaction of $325,017.00. Following the sale, the executive vice president directly owned 43,777 shares of the company’s stock, valued at $1,231,884.78. This represents a 20.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.78% of the stock is owned by insiders.

Trending Headlines about Campbell’s

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: Core brands showing pockets of strength — management highlighted Meals & Beverages performance and said the Rao’s brand surpassed $1 billion in trailing 12‑month sales, a signal of stable premium demand in parts of the portfolio. Campbell’s press release
• Positive Sentiment: Management is focusing on supply‑chain and margin actions under new leadership that could support medium‑term profitability if executed successfully. Supply chain focus article
• Neutral Sentiment: Analyst views are mixed: some see value after the share decline, others remain cautious given macro pressure on consumer staples. Expect divergent analyst commentary to drive near‑term volatility. Analysts mixed article
• Neutral Sentiment: Valuation commentary is split between “opportunity” narratives after a steep one‑year slide and warnings around earnings risk; this will influence investor time horizon decisions. Valuation article
• Negative Sentiment: Q2 results missed expectations — EPS of $0.51 vs. $0.57 consensus and revenue down ~4.5% year‑over‑year to $2.56B — signaling weaker topline momentum. Zacks earnings miss
• Negative Sentiment: Company cut its full‑year sales and profit forecasts, citing consumers trading down amid macro uncertainty — a direct driver of the stock decline. Reuters guidance cut
• Negative Sentiment: Snack sales fell and management explicitly called out weakness in that segment, increasing near‑term execution and demand concerns. WSJ snack sales article
• Negative Sentiment: Macro weakness and the company’s shrinking market cap raise the prospect of index reweighting or S&P review, which could pressure liquidity and investor demand. Barron’s S&P 500 article

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Campbell’s by 3.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock valued at $777,000 after acquiring an additional 685 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Campbell’s by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock worth $26,369,000 after purchasing an additional 27,374 shares during the period. Empowered Funds LLC purchased a new stake in shares of Campbell’s during the first quarter worth about $446,000. Woodline Partners LP grew its stake in shares of Campbell’s by 40.9% in the first quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock worth $664,000 after purchasing an additional 4,827 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares during the period. 52.35% of the stock is currently owned by institutional investors.

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.