The Campbell’s Company (NASDAQ:CPB) Stock Has Consensus Price Target of $19.88 According to Analysts

The Campbell’s Company (NASDAQ:CPB) has received an average rating of “Reduce” from the twenty analysts that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation and thirteen have issued a hold recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $19.88.

A number of analysts have weighed in on the company. UBS Group boosted their price target on Campbell’s from $18.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, September 4th. Bank of America dropped their target price on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a report on Tuesday, June 9th. JPMorgan Chase & Co. upped their price target on Campbell’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Argus raised shares of Campbell’s to a “hold” rating in a research report on Wednesday, September 30th. Finally, Weiss Ratings upgraded Campbell’s from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 31st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its holdings in Campbell’s by 644.9% during the 1st 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Campbell’s in the second quarter worth about $1,259,000. Fluent Financial LLC bought a new stake in shares of Campbell’s during the second quarter worth approximately $1,394,000. MAC Alpha Capital Management LP raised its position in shares of Campbell’s by 25.4% during the 2nd quarter. MAC Alpha Capital Management LP now owns 284,545 shares of the company’s stock valued at $6,337,000 after acquiring an additional 57,631 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Campbell’s in the 2nd quarter valued at $1,136,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Price Performance

CPB opened at $19.00 on Friday. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.27 and a beta of 0.06. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. Campbell’s has a 1 year low of $18.90 and a 1 year high of $32.04. The stock has a fifty day moving average price of $21.89 and a 200 day moving average price of $21.58.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $2.14 billion during the quarter. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%.The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Analysts forecast that Campbell’s will post 1.7 EPS for the current fiscal year.

Campbell’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.00 annualized dividend and a yield of 5.3%. This is a negative change from Campbell’s’s previous quarterly dividend of $0.39. Campbell’s’s payout ratio is presently 76.34%.

Campbell’s Company Profile

Campbell’s, formerly known as Campbell Soup Company, is a packaged food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company is best known for its soups and has expanded into a broad portfolio of branded meals, sauces, snacks and beverages.

Its meals and beverages portfolio includes Campbell’s soups, Swanson broths and stocks, Prego pasta sauces, V8 vegetable beverages, Pace Mexican-style sauces and Rao’s sauces and meals. The company also sells snack products through brands such as Goldfish, Pepperidge Farm, Lance, Late July and Snyder’s of Hanover.

Campbell’s primarily serves consumers in the United States and Canada through grocery stores, mass merchants, club stores, convenience retailers, foodservice distributors and e-commerce channels.