Campbell's (NASDAQ:CPB) Updates FY 2025 Earnings Guidance

Campbell's (NASDAQ:CPB - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 2.950-2.950 for the period, compared to the consensus earnings per share estimate of 2.980. The company issued revenue guidance of $10.2 billion-$10.4 billion, compared to the consensus revenue estimate of $10.3 billion.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. JPMorgan Chase & Co. cut shares of Campbell's from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Barclays decreased their price objective on shares of Campbell's from $40.00 to $35.00 and set an "underweight" rating for the company in a report on Tuesday. Piper Sandler decreased their price target on shares of Campbell's from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Bank of America decreased their price target on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $40.39.

Campbell's Stock Performance

Shares of CPB traded down $0.22 during trading hours on Thursday, reaching $34.06. 2,137,576 shares of the company traded hands, compared to its average volume of 2,909,918. The stock's fifty day moving average is $36.31 and its 200 day moving average is $39.14. The stock has a market cap of $10.16 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell's has a 1-year low of $32.95 and a 1-year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities research analysts anticipate that Campbell's will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is presently 90.17%.

Insider Buying and Selling

In related news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. This represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.19% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its holdings in shares of Campbell's by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $39,000 after buying an additional 750 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Campbell's during the first quarter worth approximately $446,000. Woodline Partners LP increased its holdings in shares of Campbell's by 40.9% during the first quarter. Woodline Partners LP now owns 16,623 shares of the company's stock worth $664,000 after buying an additional 4,827 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Campbell's by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company's stock worth $777,000 after buying an additional 685 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Campbell's by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company's stock worth $26,369,000 after buying an additional 27,374 shares in the last quarter. Institutional investors and hedge funds 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.