Campbell’s (NASDAQ:CPB) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Campbell’s (NASDAQ:CPB) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other equities research analysts have also issued reports on CPB. Barclays dropped their price objective on Campbell’s from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday. Zacks Research upgraded Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings raised Campbell’s from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 31st. DA Davidson raised Campbell’s to a “hold” rating in a report on Monday, July 6th. Finally, Stephens set a $20.00 price objective on shares of Campbell’s in a research report on Friday, August 28th. Thirteen investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Campbell’s presently has a consensus rating of “Reduce” and a consensus price target of $19.94.

Campbell’s Stock Performance

Shares of CPB opened at $21.38 on Friday. Campbell’s has a twelve month low of $19.56 and a twelve month high of $34.17. The stock has a market cap of $6.38 billion, a PE ratio of 16.32, a P/E/G ratio of 2.49 and a beta of 0.03. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 1.60. The business’s 50-day moving average price is $22.69 and its 200-day moving average price is $22.25.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $2.14 billion during the quarter. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. Campbell’s’s revenue was down 7.9% on a year-over-year basis. 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. On average, equities analysts forecast that Campbell’s will post 1.71 EPS for the current fiscal year.

Campbell’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. Campbell’s’s dividend payout ratio (DPR) is currently 119.08%.

Hedge Funds Weigh In On Campbell’s

A number of large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new position in shares of Campbell’s during the fourth quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its position in Campbell’s by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares during the last quarter. Sittner & Nelson LLC purchased a new stake in Campbell’s during the 4th quarter valued at $29,000. Ankerstar Wealth LLC purchased a new stake in shares of Campbell’s during the fourth quarter worth about $29,000. Finally, IFP Advisors Inc bought a new stake in shares of Campbell’s in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

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.