DA Davidson Reaffirms Neutral Rating for Campbell’s (NASDAQ:CPB)

Campbell’s (NASDAQ:CPB)‘s stock had its “neutral” rating reissued by equities researchers at DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $20.00 price target on the stock. DA Davidson’s target price would indicate a potential downside of 6.45% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Stephens set a $20.00 price target on Campbell’s in a research report on Friday, August 28th. Morgan Stanley decreased their target price on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Jefferies Financial Group cut their price target on shares of Campbell’s from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday. Stifel Nicolaus boosted their price objective on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, William Blair initiated coverage on Campbell’s in a research note on Tuesday, June 23rd. They set a “market perform” rating on the stock. Thirteen equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $19.94.

Campbell’s Stock Performance

Shares of NASDAQ CPB opened at $21.38 on Tuesday. 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 1.60, a current ratio of 0.82 and a quick ratio of 0.33. The firm has a 50-day moving average of $22.69 and a 200 day moving average of $22.25. The stock has a market cap of $6.38 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 2.49 and a beta of 0.03.

Campbell’s (NASDAQ:CPB) last released its earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The firm had revenue of $2.14 billion during the quarter. During the same quarter in the previous year, the business posted $0.62 earnings per share. Campbell’s’s revenue for the quarter was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, sell-side analysts expect that Campbell’s will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Campbell’s

Several hedge funds and other institutional investors have recently made changes to their positions in CPB. State Street Corp grew its position in Campbell’s by 1.3% during the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock valued at $366,585,000 after buying an additional 149,679 shares during the period. Dimensional Fund Advisors LP raised its position in Campbell’s by 23.3% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after acquiring an additional 1,933,814 shares during the period. Invesco Ltd. raised its position in Campbell’s by 21.6% in the fourth quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock worth $270,880,000 after acquiring an additional 1,723,676 shares during the period. California State Teachers Retirement System boosted 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 worth $110,942,000 after acquiring an additional 4,754,582 shares during the last quarter. Finally, Two Sigma Investments LP grew its position 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 valued at $155,916,000 after acquiring an additional 4,159,398 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

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.