Campbell’s (NASDAQ:CPB) Rating Increased to Hold at Zacks Research

Campbell’s (NASDAQ:CPB) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

CPB has been the topic of several other research reports. William Blair started coverage on shares of Campbell’s in a research report on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Morgan Stanley reduced their price target on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Barclays decreased their price target on shares of Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Monday, June 8th. DA Davidson upgraded Campbell’s to a “hold” rating in a research note on Monday, July 6th. Finally, Stifel Nicolaus boosted their price objective on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $21.20.

Campbell’s Trading Up 1.3%

Shares of NASDAQ:CPB opened at $22.72 on Monday. Campbell’s has a 1 year low of $19.56 and a 1 year high of $34.17. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 11.25 and a beta of 0.02. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. The business’s 50 day moving average price is $22.22 and its 200-day moving average price is $22.91.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $2.37 billion during the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. Campbell’s’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities research analysts forecast that Campbell’s will post 2.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Campbell’s

Hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC purchased a new stake in Campbell’s during the 4th quarter valued at about $29,000. Sittner & Nelson LLC purchased a new position in Campbell’s in the 4th quarter worth approximately $29,000. Los Angeles Capital Management LLC purchased a new position in Campbell’s in the 4th quarter worth approximately $29,000. Ankerstar Wealth LLC acquired a new position in shares of Campbell’s during the 4th quarter worth approximately $29,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Campbell’s during the 2nd quarter worth approximately $31,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

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.