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

Campbell’s (NASDAQ:CPB) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other analysts have also recently commented on CPB. BTIG Research reiterated a “neutral” rating on shares of Campbell’s in a research report on Friday, September 4th. JPMorgan Chase & Co. upped their target price on shares of Campbell’s from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Argus upgraded shares of Campbell’s to a “hold” rating in a report on Wednesday, September 30th. TD Cowen raised their price target on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Finally, Evercore set a $21.00 price target on shares of Campbell’s in a report on Monday, September 14th. Thirteen analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $19.88.

Campbell’s Price Performance

CPB stock opened at $22.59 on Monday. Campbell’s has a 1 year low of $18.60 and a 1 year high of $32.04. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 0.82. The stock’s 50 day moving average price is $20.77 and its 200 day moving average price is $22.38. The firm has a market cap of $6.74 billion, a P/E ratio of 17.24, a PEG ratio of 2.69 and a beta of 0.06.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%. The company had revenue of $2.14 billion during the quarter. During the same period in the previous year, the business posted $0.62 EPS. The business’s quarterly revenue was down 7.9% on a year-over-year basis. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. On average, sell-side analysts expect that Campbell’s will post 1.70 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Campbell’s

Several institutional investors have recently added to or reduced their stakes in CPB. Colonial Trust Co SC lifted its position in Campbell’s by 25.9% during the third quarter. Colonial Trust Co SC now owns 2,518 shares of the company’s stock worth $50,000 after buying an additional 518 shares during the period. Parallel Advisors LLC grew its holdings in Campbell’s by 23.5% in the 1st quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock valued at $62,000 after buying an additional 532 shares during the period. Resona Asset Management Co. Ltd. increased its stake in shares of Campbell’s by 39.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 2,699 shares of the company’s stock valued at $60,000 after acquiring an additional 759 shares during the last quarter. Guardian Partners Inc. increased its stake in shares of Campbell’s by 25.3% during the 3rd quarter. Guardian Partners Inc. now owns 4,210 shares of the company’s stock valued at $83,000 after acquiring an additional 850 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of Campbell’s by 6.2% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 14,944 shares of the company’s stock worth $333,000 after acquiring an additional 876 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

About Campbell’s

The Campbell’s Company, formerly known as Campbell Soup Company, makes and markets packaged foods and beverages. Its products include soups, sauces, pasta, shelf-stable meals, snacks and beverages, sold under brands such as Campbell’s, Prego, Pace, V8, Goldfish, Pepperidge Farm and Snyder’s of Hanover. Founded in 1869, the company became known for popularizing condensed soup. Today, it serves consumers primarily in the United States and Canada, with products also sold in other markets. Campbell’s is led by President and Chief Executive Officer Mick Beekhuizen, who assumed the role in 2025.