Campbell’s (NASDAQ:CPB) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Campbell’s (NASDAQ:CPB) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

CPB has been the subject of a number of other research reports. Morgan Stanley decreased their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. DA Davidson raised shares of Campbell’s to a “hold” rating in a report on Monday, July 6th. UBS Group decreased their target price on shares of Campbell’s from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, June 9th. Bank of America lowered their price target on Campbell’s from $20.00 to $18.00 and set an “underperform” rating on the stock in a report on Tuesday, June 9th. Finally, William Blair started coverage on Campbell’s in a research report on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Twelve 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.com, Campbell’s presently has an average rating of “Reduce” and a consensus price target of $21.20.

Campbell’s Trading Up 1.3%

CPB opened at $22.72 on Monday. 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 has a 52 week low of $19.56 and a 52 week high of $34.17. The business’s 50 day moving average is $22.22 and its two-hundred day moving average is $22.91. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 11.25 and a beta of 0.02.

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, beating the consensus estimate of $0.48 by $0.02. The business 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%.Campbell’s’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, research analysts predict that Campbell’s will post 2.18 EPS for the current year.

Hedge Funds Weigh In On Campbell’s

Institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Campbell’s during the fourth quarter worth about $1,596,000. Hsbc Holdings PLC raised 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 purchasing an additional 1,613,873 shares in the last quarter. Fluent Financial LLC acquired a new stake in Campbell’s in the second quarter valued at about $1,394,000. Saba Capital Management L.P. lifted its position in Campbell’s by 556.6% in the first quarter. Saba Capital Management L.P. now owns 315,406 shares of the company’s stock valued at $7,024,000 after purchasing an additional 267,372 shares during the period. Finally, Cerity Partners LLC boosted 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 valued at $74,715,000 after purchasing an additional 1,757,264 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

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.