Campbell’s (NASDAQ:CPB) Downgraded by Stephens to Equal Weight

Campbell’s (NASDAQ:CPB) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report issued on Monday, MarketBeat Ratings reports. They currently have a $21.00 target price on the stock. Stephens’ price objective suggests a potential downside of 0.52% from the stock’s current price.

A number of other research analysts have also issued reports on CPB. Wells Fargo & Company lowered shares of Campbell’s from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $20.00 to $18.00 in a report on Wednesday, April 8th. Stifel Nicolaus reduced their target price on shares of Campbell’s from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. BNP Paribas Exane dropped their price objective on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. Morgan Stanley lowered their price objective on shares of Campbell’s from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Campbell’s in a research note on Thursday, April 2nd. Fourteen analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $23.59.

Campbell’s Price Performance

NASDAQ:CPB opened at $21.11 on Monday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 11.54 and a beta of 0.02. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 1.66. The company’s 50-day moving average is $20.85 and its two-hundred day moving average is $25.30. Campbell’s has a 12-month low of $19.56 and a 12-month high of $35.00.

Campbell’s (NASDAQ:CPB) last released its earnings results 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). The firm had revenue of $2.56 billion during the quarter. Campbell’s had a net margin of 5.48% and a return on equity of 19.96%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Research analysts expect that Campbell’s will post 2.18 EPS for the current year.

Hedge Funds Weigh In On Campbell’s

Several institutional investors and hedge funds have recently made changes to their positions in the business. Keybank National Association OH boosted its stake in shares of Campbell’s by 1.1% during the 3rd quarter. Keybank National Association OH now owns 32,729 shares of the company’s stock valued at $1,034,000 after buying an additional 353 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Campbell’s by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock valued at $1,913,000 after buying an additional 376 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Campbell’s by 8.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $142,000 after buying an additional 380 shares during the last quarter. New England Asset Management Inc. lifted its stake in Campbell’s by 0.6% during the third quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock worth $2,064,000 after purchasing an additional 380 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in Campbell’s by 10.2% during the fourth quarter. Horizon Investments LLC now owns 4,228 shares of the company’s stock worth $116,000 after purchasing an additional 390 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

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.