Campbell’s (NASDAQ:CPB) Sets New 1-Year Low – Here’s What Happened

The Campbell’s Company (NASDAQ:CPB) shares hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $19.52 and last traded at $19.4140, with a volume of 1557941 shares trading hands. The stock had previously closed at $19.85.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CPB shares. TD Cowen increased their price target on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Zacks Research lowered Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Weiss Ratings upgraded shares of Campbell’s from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $19.00 price objective (down from $21.00) on shares of Campbell’s in a research report on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of Campbell’s from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Twelve investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $19.88.

Campbell’s Stock Down 2.5%

The business has a 50 day simple moving average of $22.29 and a 200 day simple moving average of $21.74. 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 stock has a market cap of $5.77 billion, a PE ratio of 14.75, a P/E/G ratio of 2.38 and a beta of 0.03.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $2.14 billion during the quarter. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%.The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. On average, equities research analysts forecast that The Campbell’s Company will post 1.7 EPS for the current fiscal year.

Campbell’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.2%. This is a drop from Campbell’s’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, October 1st. Campbell’s’s dividend payout ratio is presently 76.34%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CPB. Dimensional Fund Advisors LP lifted its stake in shares of Campbell’s by 23.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock valued at $228,026,000 after purchasing an additional 1,933,814 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Campbell’s during the second quarter valued at about $79,090,000. First Trust Advisors LP lifted its position in shares of Campbell’s by 35.0% in the first quarter. First Trust Advisors LP now owns 2,820,793 shares of the company’s stock worth $62,819,000 after buying an additional 731,393 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Campbell’s in the first quarter worth about $61,261,000. Finally, Cerity Partners LLC boosted its stake in shares of Campbell’s by 190.3% during the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company’s stock worth $74,715,000 after acquiring an additional 1,757,264 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

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.