Brokerages Set The Campbell’s Company (NASDAQ:CPB) Price Target at $19.94

Shares of The Campbell’s Company (NASDAQ:CPB) have earned a consensus rating of “Reduce” from the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.9375.

CPB has been the topic of several recent research reports. Stifel Nicolaus lifted 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. Wall Street Zen cut Campbell’s from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. UBS Group increased their price objective on Campbell’s from $18.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, September 4th. Barclays dropped their target price on Campbell’s from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, September 4th. Finally, JPMorgan Chase & Co. boosted their target price on Campbell’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in Campbell’s in the 4th quarter valued at $29,000. Geneos Wealth Management Inc. grew its holdings in shares of Campbell’s by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares in the last quarter. Sittner & Nelson LLC bought a new position in shares of Campbell’s in the 4th quarter valued at about $29,000. Ankerstar Wealth LLC acquired a new stake in shares of Campbell’s in the fourth quarter valued at about $29,000. Finally, IFP Advisors Inc acquired a new stake in shares of Campbell’s in the third quarter valued at about $37,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Stock Performance

Shares of CPB opened at $21.00 on Monday. The firm has a market cap of $6.26 billion, a P/E ratio of 16.03, a PEG ratio of 2.47 and a beta of 0.03. Campbell’s has a twelve month low of $19.56 and a twelve month high of $34.17. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82. The firm’s 50 day moving average price is $22.56 and its two-hundred day moving average price is $22.09.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The company had revenue of $2.14 billion during the quarter. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. On average, analysts forecast that Campbell’s will post 1.7 EPS for the current fiscal year.

Campbell’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a $0.25 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.8%. Campbell’s’s dividend payout ratio (DPR) is 119.08%.

About Campbell’s

Campbell’s (NASDAQ: CPB) is a branded food company that develops, produces and markets packaged meals, beverages and snacks. Its portfolio includes soups, sauces, pasta products, frozen meals, dips, crackers, cookies and yogurt.

The company’s brands include Campbell’s, Goldfish, Pepperidge Farm, V8, Prego, Pace, Swanson, Rao’s, Michael Angelo’s and noosa. Products are sold primarily through grocery stores, mass merchants, club stores, convenience stores, food-service distributors and e-commerce channels.

Founded in 1869 by Joseph A.