Campbell’s (NASDAQ:CPB) Price Target Cut to $33.00 by Analysts at Sanford C. Bernstein

Campbell’s (NASDAQ:CPB) had its price target reduced by Sanford C. Bernstein from $39.00 to $33.00 in a report published on Wednesday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently commented on CPB. Wells Fargo & Company increased their target price on Campbell’s from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, September 25th. TD Cowen upped their price target on shares of Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Campbell’s in a research report on Wednesday, October 8th. Zacks Research raised shares of Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Campbell’s in a research report on Wednesday, August 20th. They set a “neutral” rating and a $33.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $32.59.

Campbell’s Stock Down 1.0%

CPB opened at $28.18 on Wednesday. The company has a market capitalization of $8.39 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 9.93 and a beta of -0.05. The firm has a 50-day simple moving average of $30.53 and a two-hundred day simple moving average of $31.79. The company has a quick ratio of 0.28, a current ratio of 0.82 and a debt-to-equity ratio of 1.54. Campbell’s has a 52 week low of $27.85 and a 52 week high of $43.85.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.The company had revenue of $2.68 billion for the quarter. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Analysts forecast 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, February 2nd. Stockholders of record on Thursday, January 8th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Thursday, January 8th. Campbell’s’s dividend payout ratio (DPR) is 78.00%.

Hedge Funds Weigh In On Campbell’s

Several hedge funds have recently added to or reduced their stakes in CPB. Ameritas Advisory Services LLC bought a new stake in Campbell’s in the second quarter worth about $25,000. Stance Capital LLC purchased a new stake in shares of Campbell’s in the third quarter worth approximately $27,000. ORG Partners LLC lifted 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 acquiring an additional 395 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in 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 acquiring an additional 385 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Campbell’s by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

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.