DA Davidson Has Weak Forecast for Campbell's FY2026 Earnings

The Campbell's Company (NASDAQ:CPB - Free Report) - Analysts at DA Davidson cut their FY2026 earnings per share (EPS) estimates for 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 prior 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 results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS.

CPB has been the subject of several other research reports. Bank of America decreased their price objective on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a research note on Tuesday, June 3rd. 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 research note on Wednesday, May 21st. Morgan Stanley decreased their price objective on shares of Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 3rd. Wells Fargo & Company decreased their price objective on shares of Campbell's from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. Finally, Stephens decreased their price target on shares of Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $40.11.

Campbell's Trading Down 1.6%

NASDAQ CPB traded down $0.53 during trading on Wednesday, hitting $32.79. The stock had a trading volume of 4,834,677 shares, compared to its average volume of 2,939,204. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 2.71 and a beta of 0.11. Campbell's has a one year low of $32.73 and a one year high of $52.81. The stock has a 50 day simple moving average of $35.59 and a 200 day simple moving average of $38.56.

Campbell's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.76%. Campbell's's dividend payout ratio (DPR) is presently 103.31%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Campbell's by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock worth $962,877,000 after purchasing an additional 494,567 shares during the last quarter. Van ECK Associates Corp grew 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 purchasing an additional 531,281 shares during the last quarter. Beutel Goodman & Co Ltd. grew its position 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 worth $290,034,000 after purchasing an additional 35,160 shares during the last quarter. Geode Capital Management LLC grew its position in Campbell's by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock worth $222,420,000 after purchasing an additional 57,717 shares during the last quarter. Finally, Invesco Ltd. grew its position in Campbell's by 6.9% during the 1st 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. 52.35% of the stock is owned by hedge funds and other institutional investors.

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.