Campbell’s (NASDAQ:CPB) Stock Rating Lowered by Zacks Research

Campbell’s (NASDAQ:CPB) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also weighed in on CPB. DA Davidson reduced their price objective on Campbell’s from $30.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Campbell’s in a research note on Monday, March 2nd. Morgan Stanley dropped their target price on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Barclays dropped their target price on Campbell’s from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Monday. Finally, TD Cowen dropped their target price on Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. Twelve investment analysts have rated the stock with a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $21.88.

Campbell’s Stock Performance

NASDAQ:CPB opened at $22.73 on Wednesday. The stock’s 50-day simple moving average is $20.92 and its 200 day simple moving average is $24.71. The firm has a market capitalization of $6.78 billion, a PE ratio of 11.25 and a beta of 0.02. The company has a quick ratio of 0.51, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. Campbell’s has a twelve month low of $19.56 and a twelve month high of $34.17.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, analysts anticipate that Campbell’s will post 2.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Campbell’s

A number of hedge funds have recently made changes to their positions in CPB. Stance Capital LLC bought a new position in shares of Campbell’s during the third quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new stake in Campbell’s in the fourth quarter worth approximately $29,000. Sittner & Nelson LLC bought a new stake in Campbell’s in the fourth quarter worth approximately $29,000. Los Angeles Capital Management LLC bought a new stake in Campbell’s in the fourth quarter worth approximately $29,000. Finally, Ankerstar Wealth LLC bought a new stake in Campbell’s in the fourth quarter worth approximately $29,000. 52.35% of the stock is currently owned by institutional investors.

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.