Campbell’s (NASDAQ:CPB) Hits New 52-Week Low Following Analyst Downgrade

The Campbell’s Company (NASDAQ:CPB)’s share price reached a new 52-week low during mid-day trading on Wednesday after Wells Fargo & Company downgraded the stock from an equal weight rating to an underweight rating. Wells Fargo & Company now has a $18.00 price target on the stock, down from their previous price target of $20.00. Campbell’s traded as low as $20.62 and last traded at $20.6650, with a volume of 6900646 shares changing hands. The stock had previously closed at $20.88.

CPB has been the topic of several other research reports. Bank of America cut their target price on Campbell’s from $26.00 to $23.00 and set an “underperform” rating on the stock in a research note on Thursday, March 12th. Barclays lowered their price objective on Campbell’s from $27.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft decreased their price target on Campbell’s from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Campbell’s in a research note on Thursday, April 2nd. Finally, TD Cowen reduced their price objective on shares of Campbell’s from $29.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Campbell’s presently has an average rating of “Reduce” and an average target price of $27.35.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,700 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $26.51, for a total value of $71,577.00. Following the transaction, the executive vice president directly owned 25,264 shares in the company, valued at $669,748.64. This trade represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Campbell’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Campbell’s by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock valued at $777,000 after buying an additional 685 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Campbell’s by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock worth $26,369,000 after purchasing an additional 27,374 shares during the period. Empowered Funds LLC bought a new position in shares of Campbell’s in the first quarter worth approximately $446,000. Woodline Partners LP increased its position in shares of Campbell’s by 40.9% in the first quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock worth $664,000 after purchasing an additional 4,827 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased 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 valued at $39,000 after acquiring an additional 750 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Trading Down 0.9%

The firm has a market cap of $6.17 billion, a P/E ratio of 11.30 and a beta of 0.03. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 0.51. The stock has a 50 day moving average of $25.03 and a 200 day moving average of $27.95.

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 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 company had revenue of $2.56 billion for the quarter. During the same quarter in the prior year, the business earned $0.74 earnings per share. The company’s 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 research analysts predict that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Thursday, April 2nd. Campbell’s’s payout ratio is 85.25%.

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.