JPMorgan Chase & Co. Begins Coverage on Campbell’s (NASDAQ:CPB)

Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Campbell’s (NASDAQ:CPB) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage set a “neutral” rating and a $33.00 price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 1.32% from the stock’s current price.

A number of other research analysts have also issued reports on CPB. Stephens cut their price target on shares of Campbell’s from $48.00 to $43.00 in a research note on Wednesday, May 28th. Piper Sandler reiterated a “neutral” rating and set a $34.00 price objective (down from $35.00) on shares of Campbell’s in a research note on Thursday, August 7th. Citigroup cut their target price on Campbell’s from $33.00 to $32.00 and set a “sell” rating on the stock in a research report on Tuesday, June 3rd. Evercore ISI reduced their target price on Campbell’s from $46.00 to $41.00 and set an “in-line” rating for the company in a research note on Thursday, May 29th. Finally, DA Davidson lowered their price target on Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, June 9th. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Campbell’s has a consensus rating of “Reduce” and a consensus price target of $38.44.

Campbell’s Stock Up 0.6%

Campbell’s stock opened at $32.57 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 10.49 and a beta of 0.08. Campbell’s has a 1-year low of $29.39 and a 1-year high of $52.81. The business has a fifty day moving average price of $31.85 and a 200-day moving average price of $35.43.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%.The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Campbell’s has set its FY 2025 guidance at 2.950-2.950 EPS. Equities research analysts forecast that Campbell’s will post 3.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Campbell’s

A number of institutional investors have recently modified their holdings of CPB. Manchester Capital Management LLC grew its holdings in Campbell’s by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock worth $28,000 after acquiring an additional 637 shares during the period. NBC Securities Inc. purchased a new stake in Campbell’s in the 1st quarter worth approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in Campbell’s in the 2nd quarter worth approximately $25,000. ORG Partners LLC grew its stake in shares of Campbell’s by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 395 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Campbell’s by 66.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock valued at $29,000 after purchasing an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

About Campbell’s

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.