Campbell's (NASDAQ:CPB) Upgraded at Zacks Research

Key Points

• Campbell's Soup Company has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting a shift in analyst sentiment.
• Despite the upgrade, Campbell's stock has been rated as "hold" by several analysts, with a consensus price target of $34.82.
• The company reported earnings of $0.62 per share for the last quarter, exceeding analyst expectations, and revenue increased by 1.2% year-over-year.

Campbell's (NASDAQ:CPB - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Argus lowered Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. JPMorgan Chase & Co. initiated coverage on Campbell's in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $33.00 price target on the stock. Wells Fargo & Company lifted their price target on Campbell's from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 25th. Cowen reaffirmed a "hold" rating on shares of Campbell's in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein lifted their price target on Campbell's from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $34.82.

Campbell's Stock Down 0.6%

CPB opened at $31.11 on Monday. The business has a 50 day moving average price of $32.56 and a 200 day moving average price of $33.91. Campbell's has a twelve month low of $29.39 and a twelve month high of $49.11. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77. The firm has a market cap of $9.27 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 10.87 and a beta of 0.02.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the company earned $3.08 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Research analysts forecast that Campbell's will post 3.15 EPS for the current year.

Institutional Investors Weigh In On Campbell's

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors bought a new stake in Campbell's in the first quarter valued at about $410,000. Teacher Retirement System of Texas bought a new position in shares of Campbell's during the first quarter worth about $1,131,000. KBC Group NV grew its holdings in shares of Campbell's by 182.0% during the first quarter. KBC Group NV now owns 498,216 shares of the company's stock worth $19,889,000 after buying an additional 321,520 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Campbell's by 13.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock worth $1,027,000 after buying an additional 3,010 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Campbell's by 24.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock worth $534,000 after buying an additional 2,614 shares in 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.

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