Brokerages Set The Campbell’s Company (NASDAQ:CPB) Target Price at $21.20

The Campbell’s Company (NASDAQ:CPB) has received an average recommendation of “Reduce” from the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $21.20.

CPB has been the subject of a number of research reports. William Blair initiated coverage on Campbell’s in a report on Tuesday, June 23rd. They issued a “market perform” rating for the company. Sanford C. Bernstein restated an “underperform” rating and issued a $19.00 target price (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. Royal Bank Of Canada cut their target price on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Campbell’s in a research report on Tuesday, June 30th. Finally, Barclays decreased their price target on shares of Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Monday, June 8th.

Hedge Funds Weigh In On Campbell’s

A number of large investors have recently added to or reduced their stakes in CPB. Hsbc Holdings PLC grew its holdings in shares of Campbell’s by 644.9% in the first quarter. Hsbc Holdings PLC now owns 1,864,119 shares of the company’s stock worth $41,319,000 after purchasing an additional 1,613,873 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Campbell’s during the 4th quarter valued at $1,596,000. Fluent Financial LLC purchased a new stake in Campbell’s during the 2nd quarter valued at $1,394,000. Saba Capital Management L.P. boosted its position in Campbell’s by 556.6% during the 1st quarter. Saba Capital Management L.P. now owns 315,406 shares of the company’s stock valued at $7,024,000 after buying an additional 267,372 shares during the period. Finally, Cerity Partners LLC grew its holdings in Campbell’s by 190.3% in the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock worth $74,715,000 after acquiring an additional 1,757,264 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Performance

NASDAQ:CPB opened at $23.17 on Thursday. The business’s 50-day moving average price is $22.31 and its two-hundred day moving average price is $22.86. 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 $6.91 billion, a P/E ratio of 11.47 and a beta of 0.02. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $2.37 billion during the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, equities analysts predict that Campbell’s will post 2.18 EPS for the current fiscal year.

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.