Wells Fargo & Company Has Lowered Expectations for Campbell’s (NASDAQ:CPB) Stock Price

Campbell’s (NASDAQ:CPB) had its price target dropped by stock analysts at Wells Fargo & Company from $20.00 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 12.89% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Zacks Research downgraded Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Bank of America decreased their price objective on Campbell’s from $26.00 to $23.00 and set an “underperform” rating on the stock in a research report on Thursday, March 12th. TD Cowen reduced their price target on Campbell’s from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Sanford C. Bernstein reduced their price target on Campbell’s from $33.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Campbell’s in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $27.35.

Campbell’s Trading Down 1.0%

CPB stock traded down $0.22 during midday trading on Wednesday, reaching $20.66. 5,920,595 shares of the company traded hands, compared to its average volume of 8,532,382. Campbell’s has a 52-week low of $20.62 and a 52-week high of $39.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.51 and a current ratio of 1.01. The business has a 50 day moving average of $25.03 and a 200-day moving average of $27.95. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 11.30 and a beta of 0.03.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Campbell’s had a net margin of 5.48% and a return on equity of 19.96%. The company had revenue of $2.56 billion for the quarter. During the same quarter in the previous year, the business posted $0.74 EPS. Campbell’s’s revenue for the quarter was down 4.5% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, sell-side analysts expect that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Insider Transactions at Campbell’s

In other Campbell’s news, EVP Anthony Sanzio sold 2,700 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $26.51, for a total transaction of $71,577.00. Following the sale, the executive vice president owned 25,264 shares of the company’s stock, valued at approximately $669,748.64. This trade represents a 9.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 19.78% of the company’s stock.

Institutional Trading of Campbell’s

Institutional investors have recently made changes to their positions in the business. Berkshire Asset Management LLC PA purchased a new position in Campbell’s in the 3rd quarter worth $1,270,000. Hillman Capital Management Inc. raised its stake in Campbell’s by 83.7% in the 3rd quarter. Hillman Capital Management Inc. now owns 173,034 shares of the company’s stock worth $5,464,000 after acquiring an additional 78,824 shares during the last quarter. Wedmont Private Capital raised its stake in Campbell’s by 840.4% in the 3rd quarter. Wedmont Private Capital now owns 68,808 shares of the company’s stock worth $2,141,000 after acquiring an additional 61,491 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Campbell’s in the 3rd quarter worth $77,940,000. Finally, Natixis Advisors LLC purchased a new position in Campbell’s in the 3rd quarter worth $12,992,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Company Profile

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.