The Campbell's Company (NASDAQ:CPB) Receives Average Rating of "Reduce" from Analysts

The Campbell's Company (NASDAQ:CPB - Get Free Report) has been given a consensus rating of "Reduce" by the twenty analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $40.00.

A number of equities analysts recently commented on CPB shares. Bank of America reduced their price target on Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a report on Tuesday, June 3rd. DA Davidson reduced their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Piper Sandler reduced their price target on Campbell's from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company reduced their price target on Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Stifel Nicolaus reduced their price target on Campbell's from $40.00 to $38.00 and set a "hold" rating for the company in a report on Tuesday, June 3rd.

Institutional Investors Weigh In On Campbell's

Several institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in 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 valued at $1,027,000 after purchasing an additional 3,010 shares in the last quarter. KBC Group NV increased 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. Wealth Enhancement Advisory Services LLC increased 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. Value Partners Investments Inc. bought a new position in shares of Campbell's in the 1st quarter valued at $3,597,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Campbell's by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,031 shares of the company's stock valued at $22,596,000 after acquiring an additional 46,866 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell's Stock Down 1.0%

Shares of NASDAQ CPB traded down $0.30 during mid-day trading on Wednesday, hitting $30.74. The company had a trading volume of 4,847,254 shares, compared to its average volume of 3,123,957. The company has a market capitalization of $9.16 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 8.99 and a beta of 0.08. The firm has a 50-day simple moving average of $33.58 and a two-hundred day simple moving average of $37.15. 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 one year low of $30.22 and a one year high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. Campbell's's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. On average, equities analysts expect that Campbell's will post 3.15 EPS for the current year.

Campbell's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is currently 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.