Zacks Research Downgrades Campbell’s (NASDAQ:CPB) to Strong Sell

Campbell’s (NASDAQ:CPB) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms also recently commented on CPB. BNP Paribas Exane reduced their price objective on Campbell’s from $22.00 to $19.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company downgraded Campbell’s from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $20.00 to $18.00 in a report on Wednesday, April 8th. Royal Bank Of Canada reduced their price objective on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday. BTIG Research restated a “neutral” rating on shares of Campbell’s in a report on Monday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a report on Thursday, April 2nd. Twelve research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $21.88.

Campbell’s Trading Down 0.7%

CPB opened at $22.73 on Wednesday. The stock’s fifty day moving average is $20.92 and its two-hundred day moving average is $24.71. The company has a market capitalization of $6.78 billion, a P/E ratio of 11.25 and a beta of 0.02. Campbell’s has a 52 week low of $19.56 and a 52 week high of $34.17. The company has a quick ratio of 0.51, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Analysts forecast that Campbell’s will post 2.18 earnings per share for the current year.

Institutional Trading of Campbell’s

A number of institutional investors have recently made changes to their positions in CPB. Two Sigma Investments LP boosted its position in shares of Campbell’s by 534.8% in the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after purchasing an additional 4,159,398 shares in the last quarter. Brandywine Managers LLC acquired a new stake in shares of Campbell’s in the 4th quarter worth $92,793,000. Lazard Asset Management LLC acquired a new stake in shares of Campbell’s in the 1st quarter worth $61,261,000. Invesco Ltd. boosted its position in shares of Campbell’s by 42.6% in the 3rd quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after purchasing an additional 2,387,575 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Campbell’s by 175.7% in the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after purchasing an additional 2,377,488 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

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.