Campbell’s (NASDAQ:CPB) Shares Cross Above Fifty Day Moving Average – Time to Sell?

The Campbell’s Company (NASDAQ:CPB)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $20.93 and traded as high as $21.01. Campbell’s shares last traded at $21.00, with a volume of 4,970,918 shares.

Analysts Set New Price Targets

A number of research analysts have commented on CPB shares. DA Davidson restated a “neutral” rating and set a $20.00 price target on shares of Campbell’s in a research note on Tuesday, September 8th. BTIG Research reiterated a “neutral” rating on shares of Campbell’s in a research note on Friday, September 4th. Argus raised Campbell’s to a “hold” rating in a report on Wednesday, September 30th. Stephens set a $20.00 target price on Campbell’s in a research report on Friday, August 28th. Finally, JPMorgan Chase & Co. boosted their price target on Campbell’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Twelve analysts have rated the stock with a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $19.88.

Campbell’s Stock Up 2.0%

The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 2.47 and a beta of 0.06. The firm has a fifty day moving average price of $20.89 and a 200 day moving average price of $22.51. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share 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 firm had revenue of $2.14 billion during the quarter. During the same period in the prior year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. Sell-side analysts anticipate that The Campbell’s Company will post 1.70 EPS for the current fiscal year.

Campbell’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, October 1st. This is a negative change from Campbell’s’s previous quarterly dividend of $0.39. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. Campbell’s’s dividend payout ratio (DPR) is currently 76.34%.

Institutional Trading of Campbell’s

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in shares of Campbell’s in the 2nd quarter valued at $79,090,000. Lazard Asset Management LLC acquired a new stake in Campbell’s during the 1st quarter worth $61,261,000. Dimensional Fund Advisors LP raised its stake in Campbell’s by 23.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after buying an additional 1,933,814 shares during the period. Hsbc Holdings PLC lifted its holdings in Campbell’s by 644.9% during the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after acquiring an additional 1,613,873 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Campbell’s by 35.0% during the first quarter. First Trust Advisors LP now owns 2,820,793 shares of the company’s stock worth $62,819,000 after acquiring an additional 731,393 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 food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company develops, manufactures and markets branded packaged foods sold primarily through grocery stores, mass retailers, club stores, e-commerce channels and food-service outlets.

Its portfolio includes soups, broths, sauces, pasta meals, snacks and other convenient foods. Key brands include Campbell’s, Prego, Swanson, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Late July, Cape Cod, Kettle Brand, Michael Angelo’s and Rao’s.

Campbell’s serves consumers primarily in the United States and Canada, with products distributed through a broad retail and food-service network.