Campbell's (NASDAQ:CPB) Price Target Cut to $30.00 by Analysts at Barclays

Campbell's (NASDAQ:CPB - Get Free Report) had its price objective lowered by equities research analysts at Barclays from $35.00 to $30.00 in a report issued on Monday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Barclays's price objective would indicate a potential downside of 2.31% from the stock's current price.

A number of other brokerages have also weighed in on CPB. Wells Fargo & Company decreased their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 9th. Jefferies Financial Group lowered their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Argus lowered shares of Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Consumer Edge reissued an "equal weight" rating on shares of Campbell's in a report on Monday, March 17th. Finally, Piper Sandler dropped their price objective 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. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $39.72.

Campbell's Price Performance

Shares of Campbell's stock traded down $0.53 on Monday, reaching $30.71. The stock had a trading volume of 8,193,259 shares, compared to its average volume of 3,968,937. The business's 50 day moving average is $33.26 and its two-hundred day moving average is $36.89. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. Campbell's has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a market cap of $9.16 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 9.12 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. As a group, research analysts anticipate that Campbell's will post 3.15 EPS for the current year.

Institutional Trading of Campbell's

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Campbell's by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock valued at $962,877,000 after buying an additional 494,567 shares during the last quarter. Beutel Goodman & Co Ltd. increased its position in shares of Campbell's by 0.5% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock valued at $290,034,000 after acquiring an additional 35,160 shares during the period. Geode Capital Management LLC raised its stake in shares of Campbell's by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock valued at $222,420,000 after acquiring an additional 57,717 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Campbell's by 6.9% during the first quarter. Invesco Ltd. now owns 4,965,668 shares of the company's stock worth $198,229,000 after purchasing an additional 320,120 shares during the period. Finally, Brandywine Trust Co. grew its stake in shares of Campbell's by 1.8% in the fourth quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock worth $203,871,000 after purchasing an additional 84,778 shares during the last quarter. Hedge funds and other institutional investors 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.