Campbell's (NASDAQ:CPB) Upgraded to Hold at Argus

Key Points

• Argus upgraded Campbell’s to a “hold” rating, while broader analyst sentiment remains cautious: 13 analysts rate the stock a hold and seven rate it a sell. The consensus rating is “Reduce,” with an average price target of $19.88.
• Campbell’s shares opened at $19.83 and were down 2%, near their 12-month low of $19.26. The company reported quarterly EPS of $0.39, in line with estimates, but revenue fell 7.9% year over year to $2.14 billion.
• Institutional investors own 52.35% of Campbell’s stock, with several major firms increasing their stakes, including Dimensional Fund Advisors, First Trust Advisors and Cerity Partners.

Campbell's (NASDAQ:CPB - Get Free Report) was upgraded by investment analysts at Argus to a "hold" rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other brokerages also recently issued reports on CPB. Wall Street Zen downgraded shares of Campbell's from a "hold" rating to a "sell" rating in a research report on Saturday, September 5th. BTIG Research reissued a "neutral" rating on shares of Campbell's in a research report on Friday, September 4th. Jefferies Financial Group lowered their price target on shares of Campbell's from $22.00 to $20.00 and set a "hold" rating for the company in a report on Thursday, September 3rd. William Blair began coverage on shares of Campbell's in a research note on Tuesday, June 23rd. They set a "market perform" rating on the stock. Finally, Evercore set a $21.00 price objective on shares of Campbell's in a report on Monday, September 14th. Thirteen equities research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, Campbell's presently has an average rating of "Reduce" and a consensus target price of $19.88.

Campbell's Trading Down 2.0%

Shares of CPB opened at $19.83 on Wednesday. Campbell's has a 12 month low of $19.26 and a 12 month high of $32.22. The stock's 50-day moving average is $22.11 and its two-hundred day moving average is $21.64. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.82 and a quick ratio of 0.33. The stock has a market cap of $5.91 billion, a PE ratio of 15.14, a P/E/G ratio of 2.38 and a beta of 0.03.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. The business had revenue of $2.14 billion during the quarter. Campbell's had a return on equity of 16.44% and a net margin of 4.04%.Campbell's's quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. Campbell's has set its FY 2027 guidance at 1.650-1.800 EPS. Equities analysts forecast that Campbell's will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Campbell's

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Campbell's by 23.3% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company's stock valued at $228,026,000 after purchasing an additional 1,933,814 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Campbell's in the 2nd quarter valued at about $79,090,000. First Trust Advisors LP boosted its holdings in shares of Campbell's by 35.0% in the 1st quarter. First Trust Advisors LP now owns 2,820,793 shares of the company's stock valued at $62,819,000 after buying an additional 731,393 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Campbell's during the 1st quarter valued at about $61,261,000. Finally, Cerity Partners LLC grew its position in shares of Campbell's by 190.3% during the 4th quarter. Cerity Partners LLC now owns 2,680,839 shares of the company's stock valued at $74,715,000 after buying an additional 1,757,264 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

About Campbell's

Campbell's, formerly known as Campbell Soup Company, is a packaged food and beverage company headquartered in Camden, New Jersey. Founded in 1869, the company is best known for its soups and has expanded into a broad portfolio of branded meals, sauces, snacks and beverages.

Its meals and beverages portfolio includes Campbell's soups, Swanson broths and stocks, Prego pasta sauces, V8 vegetable beverages, Pace Mexican-style sauces and Rao's sauces and meals. The company also sells snack products through brands such as Goldfish, Pepperidge Farm, Lance, Late July and Snyder's of Hanover.

Campbell's primarily serves consumers in the United States and Canada through grocery stores, mass merchants, club stores, convenience retailers, foodservice distributors and e-commerce channels.

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