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

Shares of The Campbell’s Company (NASDAQ:CPB) have earned a consensus rating of “Reduce” from the twenty research firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a sell recommendation and thirteen have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.88.

Several research firms recently issued reports on CPB. Argus upgraded Campbell’s to a “hold” rating in a research note on Wednesday, September 30th. Wall Street Zen cut Campbell’s from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Stifel Nicolaus lifted their target price on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Jefferies Financial Group dropped their target price on Campbell’s from $22.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, September 3rd. Finally, Bank of America reduced their target price on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Tuesday, June 9th.

Campbell’s Price Performance

Campbell’s stock opened at $19.62 on Friday. The stock has a market cap of $5.85 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.31 and a beta of 0.06. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60. Campbell’s has a twelve month low of $19.10 and a twelve month high of $32.08. The company’s 50-day moving average price is $22.02 and its two-hundred day moving average price is $21.61.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%.The company had revenue of $2.14 billion during the quarter. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, analysts expect that Campbell’s will post 1.7 EPS for the current year.

Campbell’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 5.1%. This is a decrease from Campbell’s’s previous quarterly dividend of $0.39. Campbell’s’s payout ratio is presently 76.34%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc raised its position in shares of Campbell’s by 57.6% in the third quarter. Versant Capital Management Inc now owns 3,893 shares of the company’s stock valued at $77,000 after buying an additional 1,423 shares in the last quarter. MAC Alpha Capital Management LP grew its position in Campbell’s by 25.4% during the second quarter. MAC Alpha Capital Management LP now owns 284,545 shares of the company’s stock worth $6,337,000 after buying an additional 57,631 shares in the last quarter. Core Capital Management & Research inc. acquired a new stake in Campbell’s during the second quarter worth approximately $323,000. Sequoia Financial Advisors LLC bought a new position in Campbell’s during the 2nd quarter worth $388,000. Finally, Tidal Investments LLC increased its stake in Campbell’s by 19.1% during the 2nd quarter. Tidal Investments LLC now owns 191,257 shares of the company’s stock worth $4,259,000 after acquiring an additional 30,637 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Company Profile

Campbell’s, formerly known as Campbell Soup Company, is a packaged food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company is best known for its soups and has expanded into a broad portfolio of branded meals, sauces, snacks and beverages.

Its meals and beverages portfolio includes Campbell’s soups, Swanson broths and stocks, Prego pasta sauces, V8 vegetable beverages, Pace Mexican-style sauces and Rao’s sauces and meals. The company also sells snack products through brands such as Goldfish, Pepperidge Farm, Lance, Late July and Snyder’s of Hanover.

Campbell’s primarily serves consumers in the United States and Canada through grocery stores, mass merchants, club stores, convenience retailers, foodservice distributors and e-commerce channels.