Campbell’s (NASDAQ:CPB) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Campbell’s (NASDAQ:CPB) from a hold rating to a strong sell rating in a research report report published on Wednesday morning,Zacks reports.

Several other analysts have also recently commented on the company. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $19.00 target price (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. JPMorgan Chase & Co. upped their price target on Campbell’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. Wall Street Zen downgraded Campbell’s from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. UBS Group raised their price objective on Campbell’s from $18.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, September 4th. Finally, Bank of America dropped their target price on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a report on Tuesday, June 9th. Twelve equities research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Campbell’s has a consensus rating of “Reduce” and a consensus price target of $19.94.

Campbell’s Stock Down 4.3%

CPB stock opened at $20.94 on Wednesday. Campbell’s has a 52-week low of $19.56 and a 52-week high of $34.17. The company’s 50 day simple moving average is $22.61 and its 200-day simple moving average is $22.13. 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 market capitalization of $6.24 billion, a P/E ratio of 15.98, a P/E/G ratio of 2.58 and a beta of 0.03.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates 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 period in the prior year, the business posted $0.62 EPS. The company’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, equities research analysts anticipate that Campbell’s will post 1.7 EPS for the current year.

Campbell’s Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Campbell’s during the 4th quarter worth about $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after buying an additional 750 shares during the last quarter. Sittner & Nelson LLC acquired a new stake in shares of Campbell’s during the 4th quarter valued at about $29,000. Ankerstar Wealth LLC bought a new stake in shares of Campbell’s in the 4th quarter valued at approximately $29,000. Finally, IFP Advisors Inc bought a new stake in shares of Campbell’s in the 3rd quarter valued at approximately $37,000. 52.35% of the stock is owned by institutional investors and hedge funds.

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.