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

Key Points

• The Campbell's Company has received an average rating of "Reduce" from 20 analysts, with five recommending a sell and eleven a hold, while four issued buy recommendations.
• The company's quarterly earnings beat expectations with an EPS of $0.73, compared to a consensus estimate of $0.65, alongside a 4.5% year-over-year revenue growth.
• Cambell's recently announced a quarterly dividend of $0.39 per share, translating to a 4.8% annual dividend yield, with a payout ratio exceeding 100%.

The Campbell's Company (NASDAQ:CPB - Get Free Report) has received a consensus rating of "Reduce" from the twenty analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.1111.

CPB has been the subject of several recent research reports. Argus cut shares of Campbell's from a "buy" rating to a "hold" rating in a report on Friday, June 20th. Wells Fargo & Company reduced their target price on shares of Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, July 9th. Royal Bank Of Canada reduced their target price on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a report on Tuesday, June 3rd. Piper Sandler reduced their target price on shares of Campbell's from $41.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, July 15th. Finally, Stifel Nicolaus cut their price objective on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating for the company in a report on Tuesday, July 29th.

Hedge Funds Weigh In On Campbell's

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Campbell's by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock worth $962,877,000 after acquiring an additional 494,567 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Campbell's by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock worth $222,420,000 after acquiring an additional 57,717 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Campbell's by 6.9% in the 1st quarter. Invesco Ltd. now owns 4,965,668 shares of the company's stock worth $198,229,000 after acquiring an additional 320,120 shares during the last quarter. Brandywine Trust Co. lifted its holdings in shares of Campbell's by 1.8% in the 4th quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company's stock worth $203,871,000 after acquiring an additional 84,778 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Campbell's by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,030,627 shares of the company's stock worth $168,790,000 after acquiring an additional 550,210 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell's Stock Performance

Shares of NASDAQ CPB traded down $0.04 during midday trading on Friday, reaching $32.29. The company had a trading volume of 5,257,056 shares, compared to its average volume of 4,127,652. The business's 50-day simple moving average is $32.29 and its 200 day simple moving average is $36.02. The stock has a market cap of $9.63 billion, a P/E ratio of 21.38, a P/E/G ratio of 10.05 and a beta of 0.08. Campbell's has a 1 year low of $29.39 and a 1 year high of $52.81. 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 (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.48 billion during 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. On average, analysts forecast that Campbell's will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The company 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 $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.8%. The ex-dividend date is Thursday, July 3rd. Campbell's's payout ratio is presently 103.31%.

About Campbell's

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.