The Campbell's Company (NASDAQ:CPB) Receives Consensus Recommendation of "Hold" from Analysts

The Campbell's Company (NASDAQ:CPB - Get Free Report) has earned an average rating of "Hold" from the twenty brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $40.11.

Several research analysts have commented on the stock. Barclays dropped their price objective on shares of Campbell's from $40.00 to $35.00 and set an "underweight" rating for the company in a report on Tuesday, June 3rd. Evercore ISI reduced their price objective on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a research report on Thursday, May 29th. Morgan Stanley reduced their price objective on shares of Campbell's from $40.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. Jefferies Financial Group reduced their target price on shares of Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Finally, Bank of America cut their price objective on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating on the stock in a report on Tuesday, June 3rd.

Campbell's Trading Down 1.6%

Shares of CPB stock opened at $32.79 on Friday. Campbell's has a 1 year low of $32.73 and a 1 year high of $52.81. The firm has a fifty day moving average price of $35.59 and a 200-day moving average price of $38.61. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.71 and a beta of 0.11.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its earnings results 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 company 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%. Campbell's's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, equities analysts predict that Campbell's will post 3.15 earnings per share for the current year.

Campbell's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid 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 4.76%. Campbell's's payout ratio is currently 103.31%.

Insider Transactions at Campbell's

In related 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 transaction of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.19% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPB. Kingsview Wealth Management LLC increased its holdings in Campbell's by 9.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 6,574 shares of the company's stock valued at $275,000 after buying an additional 561 shares in the last quarter. Savant Capital LLC grew its stake in Campbell's by 9.8% during the 4th quarter. Savant Capital LLC now owns 13,923 shares of the company's stock valued at $583,000 after acquiring an additional 1,241 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Campbell's during the 4th quarter valued at about $47,000. Quent Capital LLC boosted its holdings in Campbell's by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after purchasing an additional 481 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Campbell's by 8.3% in the 4th quarter. V Square Quantitative Management LLC now owns 8,166 shares of the company's stock valued at $342,000 after purchasing an additional 628 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

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.

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