Campbell’s (NASDAQ:CPB) Price Target Raised to $22.00

Campbell’s (NASDAQ:CPB) had its price target raised by Stifel Nicolaus from $20.00 to $22.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential downside of 1.15% from the company’s current price.

Several other equities analysts have also weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a research note on Tuesday, June 30th. Sanford C. Bernstein reissued an “underperform” rating and issued a $19.00 price objective (down from $21.00) on shares of Campbell’s in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut their price objective on Campbell’s from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Royal Bank Of Canada decreased their target price on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 9th. Finally, DA Davidson raised shares of Campbell’s to a “hold” rating in a research note on Monday, July 6th. Twelve analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and a consensus price target of $22.00.

Campbell’s Stock Performance

Shares of CPB traded down $0.09 during trading hours on Wednesday, hitting $22.25. The stock had a trading volume of 2,242,152 shares, compared to its average volume of 8,646,396. The firm has a 50-day moving average price of $21.63 and a 200 day moving average price of $23.36. Campbell’s has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 11.01 and a beta of 0.02. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The company had revenue of $2.37 billion for the quarter. During the same quarter in the prior year, the business posted $0.22 EPS. The firm’s quarterly revenue 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. As a group, research analysts anticipate that Campbell’s will post 2.18 EPS for the current year.

Institutional Investors Weigh In On Campbell’s

A number of large investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new position in Campbell’s in the 4th quarter worth approximately $1,596,000. Hsbc Holdings PLC increased its holdings in shares of Campbell’s by 644.9% in the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock valued at $41,319,000 after purchasing an additional 1,613,873 shares during the last quarter. Fluent Financial LLC purchased a new position in Campbell’s during the fourth quarter worth approximately $6,173,000. Cerity Partners LLC lifted its position in Campbell’s by 190.3% during the fourth quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock worth $74,715,000 after buying an additional 1,757,264 shares in the last quarter. Finally, AE Wealth Management LLC grew its holdings in Campbell’s by 2,690.1% in the 4th quarter. AE Wealth Management LLC now owns 807,341 shares of the company’s stock valued at $22,501,000 after buying an additional 778,405 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Company Profile

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.