Campbell’s (NASDAQ:CPB) Upgraded to “Hold” at DA Davidson

Campbell’s (NASDAQ:CPB) was upgraded by stock analysts at DA Davidson to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Campbell’s in a report on Tuesday, June 30th. 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, June 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. William Blair assumed coverage on shares of Campbell’s in a research note on Tuesday, June 23rd. They set a “market perform” rating on the stock. Finally, Stephens lowered shares of Campbell’s from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $28.00 to $21.00 in a report on Monday, June 1st. Twelve analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Campbell’s presently has an average rating of “Reduce” and a consensus target price of $21.88.

Campbell’s Price Performance

Shares of NASDAQ:CPB traded up $0.71 during trading on Monday, reaching $23.37. The company had a trading volume of 1,194,452 shares, compared to its average volume of 8,845,591. The company has a fifty day moving average of $21.31 and a two-hundred day moving average of $23.83. The stock has a market capitalization of $6.97 billion, a P/E ratio of 11.57 and a beta of 0.02. Campbell’s has a 12 month low of $19.56 and a 12 month high of $34.17. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The company had revenue of $2.37 billion during the quarter. During the same period in the prior year, the firm posted $0.22 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Equities research analysts forecast that Campbell’s will post 2.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Hillman Capital Management Inc. increased its holdings in Campbell’s by 83.7% during the 3rd quarter. Hillman Capital Management Inc. now owns 173,034 shares of the company’s stock valued at $5,464,000 after purchasing an additional 78,824 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Campbell’s in the 4th quarter worth approximately $1,596,000. Natixis Advisors LLC bought a new stake in shares of Campbell’s in the 3rd quarter worth approximately $12,992,000. Tounjian Advisory Partners LLC purchased a new position in shares of Campbell’s during the fourth quarter valued at approximately $2,137,000. Finally, Fluent Financial LLC bought a new position in shares of Campbell’s during the fourth quarter valued at approximately $6,173,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

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.