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

Shares of The Campbell's Company (NASDAQ:CPB - Get Free Report) have been given an average rating of "Reduce" by the twenty research firms that are presently covering the company, Marketbeat 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 12-month price target among analysts that have issued ratings on the stock in the last year is $40.00.

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus cut their price target on shares of Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. Piper Sandler cut their price target on shares of Campbell's from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Stephens cut their price target on shares of Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Consumer Edge restated an "equal weight" rating on shares of Campbell's in a research report on Monday, March 17th. Finally, Barclays lowered their price objective on shares of Campbell's from $40.00 to $35.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 3rd.

Hedge Funds Weigh In On Campbell's

Institutional investors have recently bought and sold shares of the stock. Manchester Capital Management LLC grew its stake in Campbell's by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after acquiring an additional 637 shares in the last quarter. NBC Securities Inc. purchased a new position in Campbell's during the first quarter valued at $31,000. Geneos Wealth Management Inc. grew its stake in Campbell's by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after acquiring an additional 750 shares in the last quarter. Riverview Trust Co purchased a new position in Campbell's during the first quarter valued at $46,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Campbell's during the fourth quarter valued at $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell's Trading Down 1.0%

CPB stock traded down $0.32 during trading on Wednesday, reaching $30.42. The company had a trading volume of 5,982,398 shares, compared to its average volume of 3,811,632. Campbell's has a 52 week low of $29.39 and a 52 week high of $52.81. The company has a market cap of $9.07 billion, a P/E ratio of 20.19, a PEG ratio of 9.06 and a beta of 0.08. The business has a 50 day moving average of $33.46 and a 200 day moving average of $37.10. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33.

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, topping analysts' consensus estimates 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 net margin of 4.44% and a return on equity of 23.22%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, sell-side analysts forecast that Campbell's will post 3.15 earnings per share for the current fiscal year.

Campbell's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 5.13%. 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.