Campbell’s (NASDAQ:CPB) Hits New 52-Week Low – Here’s What Happened

Shares of The Campbell’s Company (NASDAQ:CPB) reached a new 52-week low on Thursday. The company traded as low as $19.21 and last traded at $19.2220, with a volume of 1550580 shares changing hands. The stock had previously closed at $19.83.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Campbell’s from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, September 3rd. Morgan Stanley decreased their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. BTIG Research reiterated a “neutral” rating on shares of Campbell’s in a research note on Friday, September 4th. Evercore set a $21.00 price objective on shares of Campbell’s in a research report on Monday, September 14th. Finally, Barclays reduced 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, September 4th. Thirteen investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $19.88.

Campbell’s Stock Performance

The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82. The company has a market capitalization of $5.74 billion, a P/E ratio of 14.70, a P/E/G ratio of 2.38 and a beta of 0.03. The business’s fifty day simple moving average is $22.11 and its 200-day simple moving average is $21.64.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%.The company had revenue of $2.14 billion during the quarter. During the same period in the previous year, the company posted $0.62 earnings per share. Campbell’s’s quarterly revenue was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, equities analysts anticipate that The Campbell’s Company will post 1.7 earnings per share for the current fiscal year.

Campbell’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be paid a $0.25 dividend. This is a decrease from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, October 1st. Campbell’s’s payout ratio is currently 76.34%.

Institutional Investors Weigh In On Campbell’s

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sittner & Nelson LLC bought a new stake in shares of Campbell’s during the fourth quarter worth $29,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Campbell’s in the 2nd quarter valued at about $31,000. IMA Advisory Services Inc. purchased a new stake in Campbell’s in the 4th quarter valued at about $33,000. Glen Eagle Advisors LLC grew its stake in Campbell’s by 133.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,434 shares of the company’s stock worth $40,000 after acquiring an additional 819 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Campbell’s by 946.6% in the 2nd quarter. Versant Capital Management Inc now owns 2,470 shares of the company’s stock worth $55,000 after acquiring an additional 2,234 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

About Campbell’s

Campbell’s, formerly known as Campbell Soup Company, is a packaged food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company is best known for its soups and has expanded into a broad portfolio of branded meals, sauces, snacks and beverages.

Its meals and beverages portfolio includes Campbell’s soups, Swanson broths and stocks, Prego pasta sauces, V8 vegetable beverages, Pace Mexican-style sauces and Rao’s sauces and meals. The company also sells snack products through brands such as Goldfish, Pepperidge Farm, Lance, Late July and Snyder’s of Hanover.

Campbell’s primarily serves consumers in the United States and Canada through grocery stores, mass merchants, club stores, convenience retailers, foodservice distributors and e-commerce channels.