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

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

Several other research analysts have also commented on CPB. Weiss Ratings raised Campbell’s from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Sanford C. Bernstein restated an “underperform” rating and set a $19.00 price objective (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. Barclays cut their target price on shares of Campbell’s from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday. Morgan Stanley dropped their price target on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Finally, TD Cowen raised their price objective on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Thirteen equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $19.94.

Campbell’s Stock Performance

NASDAQ CPB opened at $21.38 on Tuesday. The company’s 50 day simple moving average is $22.69 and its two-hundred day simple moving average is $22.25. The stock has a market capitalization of $6.38 billion, a PE ratio of 16.32, a P/E/G ratio of 2.49 and a beta of 0.03. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.82 and a quick ratio of 0.33. Campbell’s has a 1 year low of $19.56 and a 1 year high of $34.17.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share 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 firm had revenue of $2.14 billion for the quarter. During the same period in the previous year, the company posted $0.62 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Analysts predict that Campbell’s will post 1.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System increased its stake in shares of Campbell’s by 2,093.8% during the second quarter. California State Teachers Retirement System now owns 4,981,665 shares of the company’s stock valued at $110,942,000 after buying an additional 4,754,582 shares during the period. Two Sigma Investments LP increased its position in 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 purchasing an additional 4,159,398 shares during the period. Bank of New York Mellon Corp bought a new position in Campbell’s in the 2nd quarter worth $79,090,000. Brandywine Managers LLC purchased a new stake in shares of Campbell’s in the 4th quarter worth about $92,793,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Campbell’s during the 1st quarter valued at about $61,261,000. 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.