Campbell’s (NASDAQ:CPB) Given New $28.00 Price Target at Morgan Stanley

Campbell’s (NASDAQ:CPB) had its price objective trimmed by Morgan Stanley from $30.00 to $28.00 in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages also recently issued reports on CPB. Zacks Research upgraded shares of Campbell’s from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. DA Davidson restated a “neutral” rating and set a $30.00 target price on shares of Campbell’s in a research report on Thursday, December 11th. Weiss Ratings downgraded shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Royal Bank Of Canada dropped their price objective on Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 10th. Finally, Stifel Nicolaus reduced their price objective on Campbell’s from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Campbell’s presently has an average rating of “Reduce” and a consensus price target of $32.29.

Campbell’s Stock Performance

NASDAQ:CPB opened at $26.08 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.82 and a quick ratio of 0.34. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 9.44 and a beta of -0.04. The firm’s fifty day moving average price is $28.88 and its 200 day moving average price is $30.80. Campbell’s has a 1-year low of $25.62 and a 1-year high of $43.85.

Campbell’s (NASDAQ:CPB) last released its earnings results on Tuesday, December 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was down 3.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, sell-side analysts expect that Campbell’s will post 3.15 EPS for the current year.

Campbell’s Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, January 8th. Campbell’s’s payout ratio is 80.83%.

Insiders Place Their Bets

In other Campbell’s news, EVP Anthony Sanzio sold 2,700 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $26.51, for a total transaction of $71,577.00. Following the sale, the executive vice president directly owned 25,264 shares of the company’s stock, valued at $669,748.64. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles A. Brawley III sold 11,550 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total transaction of $325,017.00. Following the completion of the transaction, the executive vice president directly owned 43,777 shares of the company’s stock, valued at approximately $1,231,884.78. This represents a 20.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 19.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Campbell’s by 1.3% during the second 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 during the last quarter. Invesco Ltd. boosted its stake in 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 buying an additional 2,387,575 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Campbell’s by 16.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,546,957 shares of the company’s stock valued at $206,738,000 after buying an additional 928,843 shares during the period. Geode Capital Management LLC increased its stake 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 valued at $170,279,000 after acquiring an additional 121,777 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Campbell’s by 534.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after acquiring an additional 4,159,398 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

About Campbell’s

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.