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

DA Davidson upgraded shares of Campbell’s (NASDAQ:CPB) to a hold rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on CPB. Zacks Research cut Campbell’s from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 10th. Bank of America lowered their price target on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 9th. William Blair initiated coverage on shares of Campbell’s in a report on Tuesday, June 23rd. They issued a “market perform” rating for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Campbell’s in a research note on Tuesday, June 30th. Finally, BNP Paribas Exane lowered their target price on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Twelve equities research analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Campbell’s has a consensus rating of “Reduce” and a consensus price target of $21.88.

Campbell’s Stock Performance

NASDAQ CPB traded up $0.84 on Monday, hitting $23.50. 1,329,801 shares of the stock traded hands, compared to its average volume of 8,845,591. The business’s fifty day moving average is $21.31 and its two-hundred day moving average is $23.83. Campbell’s has a 12 month low of $19.56 and a 12 month high of $34.17. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 11.59 and a beta of 0.02. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87.

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

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 6.6%. Campbell’s’s dividend payout ratio (DPR) is presently 77.23%.

Hedge Funds Weigh In On Campbell’s

A number of hedge funds and other institutional investors have recently modified their holdings of CPB. Stance Capital LLC purchased a new position in shares of Campbell’s during the 3rd quarter valued at about $27,000. Los Angeles Capital Management LLC purchased a new stake in Campbell’s in the fourth quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted its stake in Campbell’s by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after buying an additional 750 shares in the last quarter. Sittner & Nelson LLC bought a new position in Campbell’s during the fourth quarter valued at approximately $29,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Campbell’s during the fourth quarter worth approximately $29,000. 52.35% of the stock is currently 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.