Campbell’s’ (CPB) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Campbell’s (NASDAQ:CPB) in a research note released on Monday morning, MarketBeat.com reports. The firm currently has a $21.00 price objective on the stock.

Other analysts also recently issued reports about the company. Bank of America reduced their price objective on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 9th. Barclays cut their target price on shares of Campbell’s from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Monday, June 8th. BTIG Research restated a “neutral” rating on shares of Campbell’s in a report on Monday, June 8th. Morgan Stanley decreased their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Finally, Zacks Research upgraded shares of Campbell’s from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Thirteen research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $20.44.

Campbell’s Trading Up 0.3%

Shares of Campbell’s stock opened at $23.78 on Monday. Campbell’s has a 1 year low of $19.56 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The business has a 50 day moving average price of $22.76 and a 200 day moving average price of $22.41. The company has a market capitalization of $7.09 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.41 and a beta of 0.03.

Campbell’s (NASDAQ:CPB) last announced its 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. The firm had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.Campbell’s’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Sell-side analysts anticipate that Campbell’s will post 2.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Campbell’s

Several institutional investors have recently added to or reduced their stakes in CPB. State Street Corp boosted its stake in Campbell’s by 1.3% in the 2nd quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after buying an additional 149,679 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Campbell’s by 23.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock valued at $228,026,000 after acquiring an additional 1,933,814 shares during the last quarter. Invesco Ltd. increased its stake in shares of Campbell’s by 21.6% during the 4th quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock valued at $270,880,000 after acquiring an additional 1,723,676 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Campbell’s by 2,093.8% during the 2nd quarter. California State Teachers Retirement System now owns 4,981,665 shares of the company’s stock valued at $110,942,000 after acquiring an additional 4,754,582 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Campbell’s by 534.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after acquiring an additional 4,159,398 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.