Campbell’s (NASDAQ:CPB) Given New $34.00 Price Target at Wells Fargo & Company

Campbell’s (NASDAQ:CPB) had its price target hoisted by Wells Fargo & Company from $32.00 to $34.00 in a research report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. started coverage on shares of Campbell’s in a report on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 target price on the stock. Morgan Stanley lifted their target price on shares of Campbell’s from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Stephens cut their target price on shares of Campbell’s from $48.00 to $43.00 in a report on Wednesday, May 28th. Sanford C. Bernstein lifted their target price on shares of Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, DA Davidson cut their target price on shares of Campbell’s from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, June 9th. Three equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Campbell’s currently has an average rating of “Reduce” and a consensus target price of $34.82.

Campbell’s Stock Down 4.5%

CPB stock opened at $32.21 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. Campbell’s has a twelve month low of $29.39 and a twelve month high of $49.74. The company’s 50 day moving average is $32.67 and its two-hundred day moving average is $34.34. The stock has a market cap of $9.60 billion, a P/E ratio of 16.11, a PEG ratio of 11.72 and a beta of 0.05.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the company earned $3.08 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts expect that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.8%. Campbell’s’s payout ratio is presently 78.00%.

Institutional Trading of Campbell’s

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Campbell’s by 2.1% in the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock valued at $962,877,000 after acquiring an additional 494,567 shares in the last quarter. State Street Corp boosted its position in shares of Campbell’s by 1.3% during the 2nd quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after purchasing an additional 149,679 shares in the last quarter. Invesco Ltd. boosted its position in shares of Campbell’s by 12.9% during the 2nd quarter. Invesco Ltd. now owns 5,608,158 shares of the company’s stock worth $171,890,000 after purchasing an additional 642,490 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Campbell’s by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,576,573 shares of the company’s stock worth $170,279,000 after purchasing an additional 121,777 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Campbell’s by 1.8% during the 2nd quarter. LSV Asset Management now owns 3,941,400 shares of the company’s stock worth $120,804,000 after purchasing an additional 71,200 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Company Profile

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.