Campbell’s (NASDAQ:CPB) Price Target Raised to $22.00

Campbell’s (NASDAQ:CPB) had its price target hoisted by Stifel Nicolaus from $20.00 to $22.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Company downgraded shares of Campbell’s from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $20.00 to $18.00 in a report on Wednesday, April 8th. UBS Group decreased their price objective on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating for the company in a report on Tuesday, June 9th. William Blair began coverage on shares of Campbell’s in a research report on Tuesday, June 23rd. They issued a “market perform” rating on the stock. BNP Paribas Exane dropped their target price on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Finally, Bank of America dropped their target price on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 9th. Twelve investment analysts have rated the stock with a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $22.00.

Campbell’s Stock Performance

Shares of CPB opened at $21.84 on Wednesday. The stock has a 50 day moving average of $21.72 and a 200 day moving average of $23.26. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.81 and a beta of 0.02. Campbell’s has a 12 month low of $19.56 and a 12 month high of $34.17. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. As a group, sell-side analysts forecast that Campbell’s will post 2.18 earnings per share for the current year.

Campbell’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, July 2nd. Campbell’s’s dividend payout ratio is presently 77.23%.

Institutional Trading of Campbell’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in Campbell’s in the 4th quarter valued at $29,000. Sittner & Nelson LLC bought a new position in shares of Campbell’s in the fourth quarter worth $29,000. Los Angeles Capital Management LLC bought a new position in shares of Campbell’s in the fourth quarter worth $29,000. Ankerstar Wealth LLC purchased a new stake in shares of Campbell’s in the fourth quarter worth $29,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of Campbell’s in the fourth quarter worth $33,000. Institutional investors own 52.35% of the company’s stock.

About Campbell’s

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.