Campbell’s (NASDAQ:CPB) Shares Gap Down After Earnings Miss

The Campbell’s Company (NASDAQ:CPB)’s stock price gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $24.68, but opened at $23.65. Campbell’s shares last traded at $22.5480, with a volume of 6,302,488 shares trading hands.

The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The firm had revenue of $2.56 billion for the quarter. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS.

Campbell’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Thursday, April 2nd. Campbell’s’s dividend payout ratio (DPR) is presently 80.83%.

Campbell’s News Roundup

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: Core brands showing pockets of strength — management highlighted Meals & Beverages performance and said the Rao’s brand surpassed $1 billion in trailing 12‑month sales, a signal of stable premium demand in parts of the portfolio. Campbell’s press release
• Positive Sentiment: Management is focusing on supply‑chain and margin actions under new leadership that could support medium‑term profitability if executed successfully. Supply chain focus article
• Neutral Sentiment: Analyst views are mixed: some see value after the share decline, others remain cautious given macro pressure on consumer staples. Expect divergent analyst commentary to drive near‑term volatility. Analysts mixed article
• Neutral Sentiment: Valuation commentary is split between “opportunity” narratives after a steep one‑year slide and warnings around earnings risk; this will influence investor time horizon decisions. Valuation article
• Negative Sentiment: Q2 results missed expectations — EPS of $0.51 vs. $0.57 consensus and revenue down ~4.5% year‑over‑year to $2.56B — signaling weaker topline momentum. Zacks earnings miss
• Negative Sentiment: Company cut its full‑year sales and profit forecasts, citing consumers trading down amid macro uncertainty — a direct driver of the stock decline. Reuters guidance cut
• Negative Sentiment: Snack sales fell and management explicitly called out weakness in that segment, increasing near‑term execution and demand concerns. WSJ snack sales article
• Negative Sentiment: Macro weakness and the company’s shrinking market cap raise the prospect of index reweighting or S&P review, which could pressure liquidity and investor demand. Barron’s S&P 500 article

Wall Street Analyst Weigh In

Several analysts have issued reports on CPB shares. Barclays set a $27.00 price target on Campbell’s in a research note on Friday, January 16th. Stephens decreased their price objective on Campbell’s from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Morgan Stanley dropped their target price on Campbell’s from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Stifel Nicolaus set a $30.00 price target on Campbell’s and gave the stock a “hold” rating in a research report on Tuesday, December 9th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $30.00 price target on shares of Campbell’s in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $31.35.

Insider Activity at Campbell’s

In other news, EVP Charles A. Brawley III sold 11,550 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total transaction of $325,017.00. Following the sale, the executive vice president owned 43,777 shares in the company, valued at $1,231,884.78. This represents a 20.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Anthony Sanzio sold 2,700 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the sale, the executive vice president directly owned 25,264 shares of the company’s stock, valued at approximately $669,748.64. The trade was a 9.66% decrease in their position. The SEC filing for this sale provides additional information. 19.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Campbell’s by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock valued at $777,000 after purchasing an additional 685 shares during the period. Goldman Sachs Group Inc. increased its position in Campbell’s by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock worth $26,369,000 after buying an additional 27,374 shares during the last quarter. Empowered Funds LLC bought a new stake in Campbell’s in the first quarter valued at approximately $446,000. Woodline Partners LP lifted its position in shares of Campbell’s by 40.9% in the first quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock valued at $664,000 after buying an additional 4,827 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Campbell’s by 333.3% in the first 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. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell’s Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.34 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $6.81 billion, a P/E ratio of 11.80, a P/E/G ratio of 8.92 and a beta of -0.03. The company has a 50 day moving average price of $27.10 and a 200 day moving average price of $29.55.

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.