Campbell’s’ (CPB) Neutral Rating Reiterated at DA Davidson

DA Davidson restated their neutral rating on shares of Campbell’s (NASDAQ:CPB) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $20.00 target price on the stock.

Several other equities research analysts have also weighed in on CPB. BTIG Research reissued a “neutral” rating on shares of Campbell’s in a report on Friday, September 4th. Sanford C. Bernstein restated an “underperform” rating and set a $19.00 price target (down from $21.00) on shares of Campbell’s in a research note on Tuesday, June 9th. Barclays reduced their price objective on shares of Campbell’s from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, September 4th. Wall Street Zen downgraded Campbell’s from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Finally, Bank of America decreased their price objective on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 9th. Thirteen equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Campbell’s presently has a consensus rating of “Reduce” and an average price target of $19.94.

Campbell’s Stock Down 4.3%

Shares of NASDAQ:CPB opened at $20.94 on Tuesday. The company has a market capitalization of $6.24 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 2.58 and a beta of 0.03. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.82 and a quick ratio of 0.33. The business has a fifty day moving average price of $22.61 and a two-hundred day moving average price of $22.13. Campbell’s has a 1 year low of $19.56 and a 1 year high of $34.17.

Campbell’s (NASDAQ:CPB) last released its earnings results on Thursday, September 3rd. The company reported $0.39 EPS for the quarter, hitting 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 for the quarter. During the same quarter in the previous year, the firm 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. Analysts forecast that Campbell’s will post 1.7 earnings per share for the current year.

Campbell’s Cuts Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, October 1st. Campbell’s’s dividend payout ratio (DPR) is 119.08%.

Institutional Investors Weigh In On Campbell’s

A number of institutional investors and hedge funds have recently bought and sold shares of CPB. California State Teachers Retirement System grew its stake in Campbell’s by 2,093.8% in the 2nd quarter. California State Teachers Retirement System now owns 4,981,665 shares of the company’s stock worth $110,942,000 after buying an additional 4,754,582 shares in the last quarter. Two Sigma Investments LP grew its position 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 worth $155,916,000 after acquiring an additional 4,159,398 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Campbell’s in the second quarter valued at $79,090,000. Brandywine Managers LLC purchased a new stake in Campbell’s during the fourth quarter valued at about $92,793,000. Finally, Lazard Asset Management LLC bought a new stake in Campbell’s during the first quarter worth about $61,261,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

About Campbell’s

Campbell’s (NASDAQ: CPB) is a branded food company that develops, produces and markets packaged meals, beverages and snacks. Its portfolio includes soups, sauces, pasta products, frozen meals, dips, crackers, cookies and yogurt.

The company’s brands include Campbell’s, Goldfish, Pepperidge Farm, V8, Prego, Pace, Swanson, Rao’s, Michael Angelo’s and noosa. Products are sold primarily through grocery stores, mass merchants, club stores, convenience stores, food-service distributors and e-commerce channels.

Founded in 1869 by Joseph A.