Morgan Stanley Cuts Campbell's (NASDAQ:CPB) Price Target to $32.00

Key Points

• Morgan Stanley has lowered Campbell's price target from $35.00 to $32.00, indicating a potential downside of 1.57% from the previous close of the stock.
• Multiple analysts have downgraded Campbell's stock, with an average rating of "Hold" and an average target price of $38.89.
• Institutional ownership of Campbell's stock is substantial, with hedge funds and institutions holding 52.35% of the company's shares.

Campbell's (NASDAQ:CPB - Get Free Report) had its price target cut by research analysts at Morgan Stanley from $35.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a potential downside of 3.44% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson lowered their target price on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Wells Fargo & Company lowered their target price on shares of Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 9th. Piper Sandler reaffirmed a "neutral" rating and issued a $34.00 price target (down previously from $35.00) on shares of Campbell's in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. Finally, Evercore ISI decreased their price target on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a report on Thursday, May 29th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $38.44.

Campbell's Stock Performance

CPB stock traded up $0.57 during midday trading on Monday, reaching $33.14. 5,113,223 shares of the company's stock traded hands, compared to its average volume of 4,878,585. The company has a 50-day moving average price of $31.86 and a two-hundred day moving average price of $35.40. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. Campbell's has a 52 week low of $29.39 and a 52 week high of $52.81. The firm has a market capitalization of $9.88 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 10.61 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. Campbell's has set its FY 2025 guidance at 2.950-2.950 EPS. As a group, equities analysts anticipate that Campbell's will post 3.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Campbell's by 2.1% in the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock valued at $962,877,000 after acquiring an additional 494,567 shares during the last quarter. State Street Corp increased its stake in Campbell's by 1.3% in the second quarter. State Street Corp now owns 11,960,359 shares of the company's stock valued at $366,585,000 after acquiring an additional 149,679 shares during the last quarter. Invesco Ltd. increased its stake in Campbell's by 12.9% in the second quarter. Invesco Ltd. now owns 5,608,158 shares of the company's stock valued at $171,890,000 after acquiring an additional 642,490 shares during the last quarter. Geode Capital Management LLC increased its stake in Campbell's by 2.2% in the second quarter. Geode Capital Management LLC now owns 5,576,573 shares of the company's stock valued at $170,279,000 after acquiring an additional 121,777 shares during the last quarter. Finally, Brandywine Trust Co. increased its stake in Campbell's by 1.8% in the fourth quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock valued at $203,871,000 after acquiring an additional 84,778 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

About Campbell's

The Campbell's Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.