Research Analysts Issue Forecasts for Campbell’s Q3 Earnings

The Campbell’s Company (NASDAQ:CPB) – Zacks Research cut their Q3 2026 earnings per share estimates for Campbell’s in a report issued on Wednesday, March 25th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.49 per share for the quarter, down from their prior forecast of $0.60. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Campbell’s’ current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Campbell’s’ Q4 2026 earnings at $0.44 EPS, FY2026 earnings at $2.21 EPS, Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $0.57 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.47 EPS, Q1 2028 earnings at $0.73 EPS and Q2 2028 earnings at $0.59 EPS.

Campbell’s (NASDAQ:CPB) last released its earnings results on Wednesday, March 11th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Campbell’s had a net margin of 5.48% and a return on equity of 19.96%. The business had revenue of $2.56 billion during the quarter. During the same period in the prior year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS.

A number of other research firms also recently issued reports on CPB. DA Davidson reiterated a “neutral” rating and set a $30.00 price target on shares of Campbell’s in a research report on Thursday, March 12th. Stifel Nicolaus reduced their price objective on Campbell’s from $30.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Sanford C. Bernstein lowered their target price on Campbell’s from $33.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Stephens dropped their price target on Campbell’s from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Finally, TD Cowen cut their price target on Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, Campbell’s presently has an average rating of “Reduce” and an average target price of $27.65.

Campbell’s Stock Up 0.7%

CPB stock opened at $20.95 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 1.66. The company’s 50-day moving average price is $25.77 and its 200 day moving average price is $28.67. Campbell’s has a 52 week low of $20.62 and a 52 week high of $40.59. The company has a market cap of $6.25 billion, a P/E ratio of 11.45 and a beta of -0.03.

Campbell’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.56 annualized dividend and a yield of 7.4%. Campbell’s’s dividend payout ratio (DPR) is presently 85.25%.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,700 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the transaction, the executive vice president owned 25,264 shares of the company’s stock, valued at approximately $669,748.64. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Charles A. Brawley III sold 11,550 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total transaction of $325,017.00. Following the completion of the transaction, the executive vice president owned 43,777 shares in the company, valued at approximately $1,231,884.78. This trade represents a 20.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 19.78% of the company’s stock.

Hedge Funds Weigh In On Campbell’s

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its stake in shares of Campbell’s by 1.3% during the 2nd quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after purchasing an additional 149,679 shares during the period. Invesco Ltd. grew its position in shares of Campbell’s by 21.6% in the fourth quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock valued at $270,880,000 after purchasing an additional 1,723,676 shares during the period. Dimensional Fund Advisors LP increased its stake in Campbell’s by 26.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,305,417 shares of the company’s stock valued at $231,477,000 after purchasing an additional 1,758,460 shares during the last quarter. Two Sigma Investments LP increased its stake in Campbell’s by 534.8% in the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after purchasing an additional 4,159,398 shares during the last quarter. Finally, UBS Group AG lifted its position in Campbell’s by 175.7% during the third quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after buying an additional 2,377,488 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

More Campbell’s News

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: Higher dividend yield and valuation attention could attract income/value buyers as the stock trades near its 52‑week low; Yahoo Finance notes shares have slid and the dividend yield has climbed, which can provide a floor for some investors. Assessing Campbell’s (CPB) Valuation
• Negative Sentiment: Zacks Research sharply lowered multiple quarterly and full‑year EPS forecasts across 2026–2028 (FY2026 cut to $2.21 from $2.46) and issued a “Strong Sell” — a coordinated set of cuts that increases downside risk from earnings disappointment and further multiple compression.
• Negative Sentiment: UBS trimmed its price target to $20 (from $24) and kept a Sell rating after Campbell’s fiscal results, signaling continued analyst skepticism on near‑term recovery and valuation. UBS Cuts PT to $20
• Negative Sentiment: Media coverage is highlighting bearish views (e.g., MSN’s “Bear of the Day”), which can pressure sentiment and attract additional short interest or put buying. Bear of the Day: CPB
• Negative Sentiment: Geopolitical supply disruptions (Strait of Hormuz) could raise fertilizer and petrochemical costs, lifting agricultural and packaging input costs for food companies and pressuring margins across consumer staples, including Campbell’s. How Strait of Hormuz Closure Affects Staples

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.