Campbell’s (NASDAQ:CPB) Hits New 1-Year Low – Here’s Why

The Campbell’s Company (NASDAQ:CPB)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $18.90 and last traded at $19.00, with a volume of 14196146 shares traded. The stock had previously closed at $19.30.

Analyst Ratings Changes

Several analysts recently commented on CPB shares. Jefferies Financial Group decreased their price target on Campbell’s from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, September 3rd. Royal Bank Of Canada dropped their price objective on Campbell’s from $21.00 to $19.00 and set a “sector perform” rating for the company in a research note on Friday, September 4th. Stifel Nicolaus lifted their price objective on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Barclays reduced their target price on shares of Campbell’s from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, September 4th. Finally, Evercore set a $21.00 target price on shares of Campbell’s in a report on Monday, September 14th. Thirteen investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $19.88.

Campbell’s Price Performance

The stock has a fifty day moving average of $21.75 and a two-hundred day moving average of $21.55. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 2.22 and a beta of 0.06. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60.

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

Campbell’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a dividend of $0.25 per share. This is a negative change from Campbell’s’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, October 1st. This represents a $1.00 annualized dividend and a yield of 5.2%. Campbell’s’s dividend payout ratio is currently 76.34%.

Institutional Investors Weigh In On Campbell’s

A number of hedge funds have recently added to or reduced their stakes in CPB. GAMMA Investing LLC increased its position in Campbell’s by 13.7% in the 3rd quarter. GAMMA Investing LLC now owns 27,035 shares of the company’s stock valued at $536,000 after acquiring an additional 3,251 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new position in shares of Campbell’s during the third quarter worth approximately $268,000. Versant Capital Management Inc grew its stake in shares of Campbell’s by 57.6% during the third quarter. Versant Capital Management Inc now owns 3,893 shares of the company’s stock valued at $77,000 after purchasing an additional 1,423 shares during the last quarter. MAC Alpha Capital Management LP grew its stake in shares of Campbell’s by 25.4% during the second quarter. MAC Alpha Capital Management LP now owns 284,545 shares of the company’s stock valued at $6,337,000 after purchasing an additional 57,631 shares during the last quarter. Finally, Core Capital Management & Research inc. acquired a new stake in shares of Campbell’s in the second quarter valued at approximately $323,000. Institutional investors own 52.35% of the company’s stock.

About Campbell’s

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.