DA Davidson Issues Negative Estimate for Campbell's Earnings

The Campbell's Company (NASDAQ:CPB - Free Report) - Investment analysts at DA Davidson reduced their FY2026 earnings estimates for shares of Campbell's in a note issued to investors on Monday, June 9th. DA Davidson analyst B. Holland now expects that the company will post earnings per share of $2.71 for the year, down from their previous forecast of $3.11. DA Davidson currently has a "Neutral" rating and a $34.00 target price on the stock. The consensus estimate for Campbell's' current full-year earnings is $3.15 per share.

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 the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share.

Several other research firms also recently commented on CPB. Deutsche Bank Aktiengesellschaft lowered their target price 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. UBS Group started coverage on shares of Campbell's in a report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price objective for the company. Stifel Nicolaus reduced their target price on Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. BNP Paribas upgraded Campbell's to a "strong sell" rating in a research report on Wednesday, February 26th. Finally, Barclays decreased their price objective on Campbell's from $40.00 to $35.00 and set an "underweight" rating on the stock in a report on Tuesday, June 3rd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Campbell's currently has an average rating of "Hold" and an average price target of $40.11.

Campbell's Price Performance

CPB stock traded down $0.27 during midday trading on Wednesday, hitting $33.13. The company's stock had a trading volume of 2,840,025 shares, compared to its average volume of 2,927,691. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell's has a 12 month low of $32.84 and a 12 month high of $52.81. The company has a 50 day moving average of $35.76 and a two-hundred day moving average of $38.79. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.71 and a beta of 0.11.

Institutional Trading of Campbell's

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Campbell's by 2.1% during the first 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. Van ECK Associates Corp lifted its position in Campbell's by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock worth $387,273,000 after acquiring an additional 531,281 shares during the period. Beutel Goodman & Co Ltd. grew its stake in Campbell's by 0.5% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock valued at $290,034,000 after purchasing an additional 35,160 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Campbell's by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock valued at $222,420,000 after purchasing an additional 57,717 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Campbell's by 6.9% in 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 last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Insider Activity

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

Campbell's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is 103.31%.

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.