Wells Fargo & Company Issues Positive Forecast for Campbell's (NASDAQ:CPB) Stock Price

Key Points

• Wells Fargo & Company has raised its target price for Campbell's (NASDAQ:CPB) stock from $32.00 to $34.00, suggesting a potential upside of 1.05% based on the current price.
• Despite Wells Fargo's positive outlook, other brokerages have issued varying ratings, with Stephens and Citigroup reducing their price targets significantly.
• Campbell's recently reported earnings of $0.62 per share, exceeding expectations, alongside a revenue of $2.32 billion for the quarter, reflecting a 1.2% increase year-over-year.

Campbell's (NASDAQ:CPB - Get Free Report) had its target price lifted by equities researchers at Wells Fargo & Company from $32.00 to $34.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 1.05% from the stock's current price.

A number of other brokerages also recently commented on CPB. Stephens decreased their target price on Campbell's from $48.00 to $43.00 in a research note on Wednesday, May 28th. Morgan Stanley boosted their price objective on Campbell's from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Citigroup lowered their price objective on Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research note on Tuesday, June 3rd. Bank of America raised their target price on Campbell's from $29.00 to $30.00 and gave the company an "underperform" rating in a research note on Thursday, September 4th. Finally, Evercore ISI reduced their price target on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a report on Thursday, May 29th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $34.82.

Campbell's Stock Performance

Shares of CPB opened at $33.65 on Thursday. The stock has a market capitalization of $10.03 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 11.73 and a beta of 0.05. The business's fifty day moving average price is $32.65 and its 200 day moving average price is $34.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28. Campbell's has a 12-month low of $29.39 and a 12-month high of $49.74.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. Campbell's had a net margin of 5.87% and a return on equity of 22.95%. The company had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same period in the prior year, the company earned $3.08 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Equities research analysts forecast that Campbell's will post 3.15 EPS for the current year.

Institutional Trading of Campbell's

A number of institutional investors have recently made changes to their positions in CPB. Vanguard Group Inc. raised its holdings in Campbell's by 2.1% during the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company's stock worth $962,877,000 after purchasing an additional 494,567 shares in the last quarter. State Street Corp raised its stake in shares of Campbell's by 1.3% in the 2nd quarter. State Street Corp now owns 11,960,359 shares of the company's stock worth $366,585,000 after buying an additional 149,679 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Campbell's by 12.9% in the second quarter. Invesco Ltd. now owns 5,608,158 shares of the company's stock valued at $171,890,000 after buying an additional 642,490 shares during the period. Geode Capital Management LLC boosted its stake in Campbell's by 2.2% during the second quarter. Geode Capital Management LLC now owns 5,576,573 shares of the company's stock valued at $170,279,000 after buying an additional 121,777 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Campbell's by 1.8% during the second quarter. LSV Asset Management now owns 3,941,400 shares of the company's stock worth $120,804,000 after acquiring an additional 71,200 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

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.

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