Campbell's (NASDAQ:CPB) Lowered to Hold Rating by Argus

Campbell's (NASDAQ:CPB - Get Free Report) was downgraded by equities researchers at Argus from a "buy" rating to a "hold" rating in a research note issued to investors on Friday,Finviz reports.

Several other equities research analysts have also commented on CPB. UBS Group assumed coverage on shares of Campbell's in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Campbell's from $40.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. DA Davidson decreased their price objective on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Piper Sandler decreased their price objective on shares of Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Finally, Stephens decreased their price objective on shares of Campbell's from $48.00 to $43.00 in a research report on Wednesday, May 28th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Campbell's has an average rating of "Hold" and an average price target of $40.11.

Campbell's Price Performance

Shares of NASDAQ CPB opened at $31.85 on Friday. The firm has a market capitalization of $9.50 billion, a P/E ratio of 21.09, a PEG ratio of 9.29 and a beta of 0.11. Campbell's has a one year low of $31.58 and a one year high of $52.81. The company's fifty day moving average is $35.12 and its two-hundred day moving average is $38.22. 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 (NASDAQ:CPB - Get Free Report) last issued its earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. Analysts forecast that Campbell's will post 3.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares of the company's stock, valued at approximately $1,504,727.70. This represents a 6.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.19% of the company's stock.

Institutional Trading of Campbell's

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. boosted its holdings in Campbell's by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares during the period. SPC Financial Inc. boosted its holdings in Campbell's by 2.3% in the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock worth $569,000 after acquiring an additional 300 shares during the period. Ascent Wealth Partners LLC boosted its holdings in Campbell's by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock worth $845,000 after acquiring an additional 306 shares during the period. DoubleLine ETF Adviser LP boosted its holdings in Campbell's by 2.8% in the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock worth $487,000 after acquiring an additional 312 shares during the period. Finally, New England Asset Management Inc. boosted its holdings in Campbell's by 0.6% in the 1st quarter. New England Asset Management Inc. now owns 64,690 shares of the company's stock worth $2,582,000 after acquiring an additional 370 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell's Company Profile

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.

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