Shares of The Campbell's Company (NASDAQ:CPB - Get Free Report) have received a consensus rating of "Reduce" from the twenty research firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $40.00.
Several analysts have issued reports on CPB shares. Royal Bank Of Canada lowered their target price on Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. Citigroup decreased their price objective on Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a research note on Tuesday, June 3rd. Barclays decreased their price objective on Campbell's from $40.00 to $35.00 and set an "underweight" rating on the stock in a research note on Tuesday, June 3rd. Finally, Evercore ISI decreased their price objective on Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a research note on Thursday, May 29th.
Check Out Our Latest Research Report on Campbell's
Hedge Funds Weigh In On Campbell's
Hedge funds and other institutional investors have recently modified their holdings of the company. World Investment Advisors purchased a new position in shares of Campbell's in the 1st quarter worth about $410,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Campbell's by 13.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock worth $1,027,000 after purchasing an additional 3,010 shares in the last quarter. KBC Group NV boosted its holdings in shares of Campbell's by 182.0% in the 1st quarter. KBC Group NV now owns 498,216 shares of the company's stock worth $19,889,000 after purchasing an additional 321,520 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Campbell's by 24.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock worth $534,000 after purchasing an additional 2,614 shares in the last quarter. Finally, Value Partners Investments Inc. purchased a new position in shares of Campbell's in the 1st quarter worth about $3,597,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.
Campbell's Stock Performance
CPB stock traded up $0.75 during midday trading on Wednesday, hitting $31.24. The company's stock had a trading volume of 11,178,625 shares, compared to its average volume of 3,218,280. The stock's 50-day moving average price is $33.26 and its 200 day moving average price is $36.92. The company has a quick ratio of 0.33, a current ratio of 0.78 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 stock has a market cap of $9.31 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 9.12 and a beta of 0.08.
Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share 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 return on equity of 23.22% and a net margin of 4.44%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. On average, equities analysts forecast that Campbell's will post 3.15 EPS for the current year.
Campbell's Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors 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 yield of 4.99%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is 103.31%.
About Campbell's
(
Get Free ReportThe 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.
Featured Stories
Before you consider Campbell's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Campbell's wasn't on the list.
While Campbell's currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
