Campbell’s (NASDAQ:CPB) Raised to “Hold” at Zacks Research

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

Several other equities analysts have also issued reports on the company. Stifel Nicolaus dropped their price objective on Campbell’s from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Wells Fargo & Company lowered Campbell’s from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Wednesday, April 8th. UBS Group dropped their price objective on Campbell’s from $24.00 to $20.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Bank of America dropped their price objective on Campbell’s from $26.00 to $23.00 and set an “underperform” rating on the stock in a report on Thursday, March 12th. Finally, TD Cowen dropped their price objective on Campbell’s from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, Campbell’s has a consensus rating of “Reduce” and an average price target of $26.06.

Campbell’s Stock Down 0.2%

Shares of NASDAQ CPB opened at $20.35 on Tuesday. The stock has a market cap of $6.07 billion, a P/E ratio of 11.12 and a beta of 0.01. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 1.66. Campbell’s has a 12-month low of $19.76 and a 12-month high of $36.03. The business’s fifty day simple moving average is $21.61 and its 200-day simple moving average is $26.15.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. During the same quarter in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue 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, equities analysts predict that Campbell’s will post 2.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Campbell’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stance Capital LLC acquired a new position in Campbell’s during the third quarter worth $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Campbell’s during the 4th quarter worth approximately $29,000. Sittner & Nelson LLC purchased a new stake in Campbell’s in the 4th quarter valued at approximately $29,000. Los Angeles Capital Management LLC purchased a new stake in Campbell’s in the 4th quarter valued at approximately $29,000. Finally, Ankerstar Wealth LLC purchased a new stake in Campbell’s in the 4th quarter valued at approximately $29,000. 52.35% of the stock is owned by institutional investors and hedge funds.

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.