Campbell’s (NASDAQ:CPB) Sets New 52-Week Low Following Analyst Downgrade

The Campbell’s Company (NASDAQ:CPB) shares hit a new 52-week low during mid-day trading on Wednesday after Wells Fargo & Company downgraded the stock from an equal weight rating to an underweight rating. Wells Fargo & Company now has a $18.00 price target on the stock, down from their previous price target of $20.00. Campbell’s traded as low as $20.62 and last traded at $20.6650, with a volume of 6900646 shares changing hands. The stock had previously closed at $20.88.

CPB has been the topic of a number of other research reports. Zacks Research lowered Campbell’s from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Bank of America reduced their price objective on Campbell’s from $26.00 to $23.00 and set an “underperform” rating on the stock in a research report on Thursday, March 12th. Barclays reduced their price objective on Campbell’s from $27.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, March 12th. UBS Group reduced their price objective on Campbell’s from $24.00 to $20.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Campbell’s in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $27.35.

Insider Buying and Selling

In other Campbell’s news, EVP Anthony Sanzio sold 2,700 shares of Campbell’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $26.51, for a total transaction of $71,577.00. Following the transaction, the executive vice president directly owned 25,264 shares of the company’s stock, valued at approximately $669,748.64. The trade was a 9.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 19.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings in 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 buying an additional 149,679 shares during the period. Invesco Ltd. lifted its holdings in Campbell’s by 21.6% during the 4th quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock worth $270,880,000 after buying an additional 1,723,676 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Campbell’s by 26.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,305,417 shares of the company’s stock worth $231,477,000 after buying an additional 1,758,460 shares during the period. Two Sigma Investments LP lifted its holdings in 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 buying an additional 4,159,398 shares during the period. Finally, UBS Group AG lifted its holdings in Campbell’s by 175.7% during the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock worth $117,823,000 after buying an additional 2,377,488 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell’s Price Performance

The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 11.31 and a beta of 0.03. The company has a fifty day simple moving average of $24.91 and a 200 day simple moving average of $27.90. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.51 and a current ratio of 1.01.

Campbell’s (NASDAQ:CPB) last announced its earnings results on Wednesday, March 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.06). The company had revenue of $2.56 billion for the quarter. Campbell’s had a return on equity of 19.96% and a net margin of 5.48%.The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Equities research analysts forecast that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Campbell’s’s payout ratio is currently 85.25%.

Campbell’s Company Profile

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.