Campbell’s (NASDAQ:CPB) Raised to “Hold” at Argus

Campbell’s (NASDAQ:CPB) was upgraded by research analysts at Argus to a “hold” rating in a report issued on Wednesday, Zacks reports.

A number of other analysts have also recently weighed in on the stock. TD Cowen increased 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, August 19th. Barclays reduced 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 note on Friday, September 4th. UBS Group upped their target price on shares of Campbell’s from $18.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, September 4th. Royal Bank Of Canada dropped their price target on shares of Campbell’s from $21.00 to $19.00 and set a “sector perform” rating on the stock in a research note on Friday, September 4th. Finally, Stifel Nicolaus lifted their price target on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Thirteen research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $19.88.

Campbell’s Price Performance

Shares of CPB opened at $19.83 on Wednesday. The company has a market cap of $5.91 billion, a P/E ratio of 15.14, a PEG ratio of 2.38 and a beta of 0.03. The stock has a fifty day moving average price of $22.11 and a 200 day moving average price of $21.64. 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 12 month low of $19.26 and a 12 month high of $32.22.

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

Institutional Investors Weigh In On Campbell’s

Several large investors have recently modified their holdings of CPB. Hsbc Holdings PLC boosted its position in shares of Campbell’s by 644.9% in 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 during the period. Fluent Financial LLC purchased a new position in Campbell’s in the 2nd quarter worth about $1,394,000. Public Employees Retirement System of Ohio acquired a new stake in Campbell’s during the 2nd quarter worth about $1,259,000. MAC Alpha Capital Management LP raised its holdings in Campbell’s by 25.4% during the 2nd quarter. MAC Alpha Capital Management LP now owns 284,545 shares of the company’s stock worth $6,337,000 after buying an additional 57,631 shares during the period. Finally, Atria Investments Inc purchased a new stake in Campbell’s during the second quarter valued at about $1,136,000. 52.35% of the stock is owned by institutional investors.

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.