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

Campbell’s (NASDAQ:CPB) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. BTIG Research began coverage on shares of Campbell’s in a report on Monday, April 13th. They set a “neutral” rating for the company. BNP Paribas Exane lowered their price target on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Morgan Stanley lowered their price target on shares of Campbell’s from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. DA Davidson reiterated a “neutral” rating and set a $30.00 price target on shares of Campbell’s in a report on Thursday, March 12th. Finally, Stifel Nicolaus lowered their price target on shares of Campbell’s from $25.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and an average target price of $26.06.

Campbell’s Stock Performance

Shares of CPB opened at $20.35 on Tuesday. The company has a 50-day simple moving average of $21.61 and a 200-day simple moving average of $26.15. The company has a quick ratio of 0.51, a current ratio of 1.01 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $6.07 billion, a PE ratio of 11.12 and a beta of 0.01. Campbell’s has a 52-week low of $19.76 and a 52-week high of $36.03.

Campbell’s (NASDAQ:CPB) last announced its quarterly 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 company 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 firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Equities research analysts predict that Campbell’s will post 2.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Campbell’s

Several hedge funds have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Campbell’s by 1.3% in the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after acquiring an additional 149,679 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Campbell’s by 23.3% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after acquiring an additional 1,933,814 shares during the last quarter. Invesco Ltd. boosted its position in shares of Campbell’s by 21.6% in the fourth quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock worth $270,880,000 after acquiring an additional 1,723,676 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of 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 during the last quarter. Finally, UBS Group AG boosted its position in shares of Campbell’s by 175.7% in the third quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after acquiring an additional 2,377,488 shares during 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.