Campbell’s (NASDAQ:CPB) Given New $28.00 Price Target at Wells Fargo & Company

Campbell’s (NASDAQ:CPB) had its price target trimmed by Wells Fargo & Company from $30.00 to $28.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also recently commented on the company. Stifel Nicolaus set a $30.00 price target on Campbell’s and gave the stock a “hold” rating in a report on Tuesday, December 9th. Sanford C. Bernstein cut their price objective on Campbell’s from $39.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, December 10th. Morgan Stanley decreased their target price on Campbell’s from $30.00 to $28.00 and set a “cautious” rating on the stock in a report on Friday, January 16th. Barclays set a $27.00 price target on Campbell’s in a report on Friday, January 16th. Finally, Royal Bank Of Canada reduced their price objective on shares of Campbell’s from $35.00 to $30.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $31.53.

Campbell’s Price Performance

NASDAQ:CPB opened at $26.05 on Tuesday. The stock has a market capitalization of $7.77 billion, a PE ratio of 13.50, a P/E/G ratio of 9.24 and a beta of -0.03. Campbell’s has a 1-year low of $25.62 and a 1-year high of $43.85. The firm has a fifty day simple moving average of $27.39 and a 200 day simple moving average of $29.81. The company has a current ratio of 0.82, a quick ratio of 0.34 and a debt-to-equity ratio of 1.54.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The firm had revenue of $2.68 billion during 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. On average, research analysts expect that Campbell’s will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.56 annualized dividend and a yield of 6.0%. Campbell’s’s dividend payout ratio (DPR) is presently 80.83%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Campbell’s

Several institutional investors have recently made changes to their positions in CPB. Parkside Financial Bank & Trust lifted its position in Campbell’s by 21.4% during the third quarter. Parkside Financial Bank & Trust now owns 1,942 shares of the company’s stock worth $61,000 after purchasing an additional 342 shares during the period. Keybank National Association OH increased its holdings in Campbell’s by 1.1% in the 3rd quarter. Keybank National Association OH now owns 32,729 shares of the company’s stock valued at $1,034,000 after buying an additional 353 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Campbell’s by 1.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 19,920 shares of the company’s stock valued at $611,000 after buying an additional 375 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Campbell’s by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock worth $1,913,000 after acquiring an additional 376 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Campbell’s by 8.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $142,000 after acquiring an additional 380 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

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.