Campbell’s (NASDAQ:CPB) Downgraded to “Underweight” Rating by Wells Fargo & Company

Wells Fargo & Company lowered shares of Campbell’s (NASDAQ:CPB) from an equal weight rating to an underweight rating in a report issued on Wednesday morning, MarketBeat.com reports. They currently have $18.00 target price on the stock, down from their prior target price of $20.00.

A number of other research analysts have also commented on the stock. Zacks Research lowered shares of Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. TD Cowen cut their target price on shares of Campbell’s from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. Royal Bank Of Canada cut their target price on shares of Campbell’s from $30.00 to $26.00 and set a “sector perform” rating for the company in a research report on Thursday, March 12th. Barclays cut their target price on shares of Campbell’s from $27.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, March 12th. Finally, Sanford C. Bernstein cut their target price on shares of Campbell’s from $33.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $27.35.

Campbell’s Stock Down 0.9%

CPB opened at $20.69 on Wednesday. The company has a fifty day moving average price of $24.91 and a 200-day moving average price of $27.90. The firm has a market capitalization of $6.17 billion, a P/E ratio of 11.31 and a beta of 0.03. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 0.51. Campbell’s has a one year low of $20.61 and a one year high of $39.04.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The firm had revenue of $2.56 billion for the quarter. Campbell’s had a net margin of 5.48% and a return on equity of 19.96%. Campbell’s’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Equities research analysts expect that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, April 2nd will be given a $0.39 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.56 annualized dividend and a yield of 7.5%. Campbell’s’s payout ratio is 85.25%.

Insider Transactions at Campbell’s

In related news, EVP Anthony Sanzio sold 2,700 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the transaction, the executive vice president directly owned 25,264 shares in the company, valued at approximately $669,748.64. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 19.78% of the company’s stock.

Institutional Trading of Campbell’s

Several hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its stake in Campbell’s by 21.4% in the third quarter. Parkside Financial Bank & Trust now owns 1,942 shares of the company’s stock worth $61,000 after purchasing an additional 342 shares during the last quarter. Keybank National Association OH lifted its stake in Campbell’s by 1.1% in the third quarter. Keybank National Association OH now owns 32,729 shares of the company’s stock worth $1,034,000 after purchasing an additional 353 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Campbell’s by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock worth $1,913,000 after purchasing an additional 376 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Campbell’s by 8.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $142,000 after purchasing an additional 380 shares during the last quarter. Finally, New England Asset Management Inc. lifted its stake in Campbell’s by 0.6% in the third quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock worth $2,064,000 after purchasing an additional 380 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell’s Company Profile

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.