Campbell’s (NASDAQ:CPB) Stock Rating Lowered by Wells Fargo & Company

Campbell’s (NASDAQ:CPB) was downgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $18.00 price objective on the stock, down from their prior price objective of $20.00. Wells Fargo & Company‘s target price suggests a potential downside of 13.42% from the stock’s previous close.

A number of other research firms also recently weighed in on CPB. Jefferies Financial Group restated a “hold” rating and issued a $26.00 target price on shares of Campbell’s in a report on Monday, March 2nd. Stifel Nicolaus reduced their target price on shares of Campbell’s from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Zacks Research downgraded shares of Campbell’s from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. UBS Group reduced their target price on shares of Campbell’s from $24.00 to $20.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Finally, TD Cowen reduced their target price on shares of Campbell’s from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $26.89.

Campbell’s Stock Performance

Shares of NASDAQ CPB opened at $20.79 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.51 and a current ratio of 1.01. The company has a market cap of $6.20 billion, a P/E ratio of 11.36 and a beta of 0.03. The firm’s fifty day moving average is $24.78 and its two-hundred day moving average is $27.85. Campbell’s has a 52-week low of $20.32 and a 52-week high of $39.04.

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

Hedge Funds Weigh In On Campbell’s

A number of large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of Campbell’s by 21.4% during the 3rd 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 boosted its stake in shares of Campbell’s by 1.1% during the 3rd quarter. Keybank National Association OH now owns 32,729 shares of the company’s stock worth $1,034,000 after purchasing an additional 353 shares during the period. Public Employees Retirement System of Ohio boosted its stake 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 purchasing an additional 376 shares during the period. Steward Partners Investment Advisory LLC boosted its stake 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 purchasing an additional 380 shares during the period. Finally, New England Asset Management Inc. boosted its stake in shares of Campbell’s by 0.6% during the 3rd quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock worth $2,064,000 after purchasing an additional 380 shares during the period. 52.35% of the stock is owned by hedge funds and other 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.