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

Shares of The Campbell’s Company (NASDAQ:CPB) have received an average rating of “Reduce” from the twenty analysts that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a sell rating and twelve have issued a hold rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $19.88.

Several research firms have issued reports on CPB. TD Cowen 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, August 19th. Barclays cut their price target on Campbell’s from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, September 4th. UBS Group upped 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. Wall Street Zen downgraded Campbell’s from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Finally, Royal Bank Of Canada dropped their target price on Campbell’s from $21.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Friday, September 4th.

Campbell’s Price Performance

Shares of CPB opened at $21.00 on Tuesday. The stock has a 50 day simple moving average of $20.93 and a 200 day simple moving average of $22.53. Campbell’s has a 52-week low of $18.60 and a 52-week high of $32.04. 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 has a market capitalization of $6.26 billion, a PE ratio of 16.03, a P/E/G ratio of 2.43 and a beta of 0.06.

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, meeting 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 quarter last year, the company earned $0.62 EPS. The firm’s quarterly revenue 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. Sell-side analysts predict that Campbell’s will post 1.70 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 given a $0.25 dividend. This is a drop from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, October 1st. Campbell’s’s payout ratio is presently 76.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPB. Hsbc Holdings PLC raised its stake in shares of Campbell’s by 644.9% during the 1st quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after purchasing an additional 1,613,873 shares in the last quarter. MAC Alpha Capital Management LP grew its stake in shares of Campbell’s by 25.4% in the second quarter. MAC Alpha Capital Management LP now owns 284,545 shares of the company’s stock valued at $6,337,000 after buying an additional 57,631 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Campbell’s in the second quarter valued at $1,259,000. Fluent Financial LLC acquired a new position in Campbell’s during the second quarter worth $1,394,000. Finally, Atria Investments Inc acquired a new position in Campbell’s during the second quarter worth $1,136,000. Institutional investors own 52.35% of the company’s stock.

About Campbell’s

Campbell’s, formerly known as Campbell Soup Company, is a food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.

Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell’s, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo’s and Rao’s.

Campbell’s serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.