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

Campbell’s (NASDAQ:CPB) had its price objective cut by stock analysts at Wells Fargo & Company from $30.00 to $28.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 11.60% from the company’s current price.

A number of other research analysts also recently issued reports on CPB. Jefferies Financial Group reaffirmed a “hold” rating and set a $26.00 price target on shares of Campbell’s in a report on Monday. Morgan Stanley decreased their target price on Campbell’s from $30.00 to $28.00 and set a “cautious” rating for the company in a research report on Friday, January 16th. Weiss Ratings downgraded shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. Sanford C. Bernstein reduced their price target on shares of Campbell’s from $39.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Finally, DA Davidson reissued a “neutral” rating and set a $30.00 price objective on shares of Campbell’s in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $31.53.

Campbell’s Trading Down 3.7%

Shares of NASDAQ CPB opened at $25.09 on Tuesday. The firm’s 50 day moving average price is $27.33 and its 200-day moving average price is $29.78. Campbell’s has a 52-week low of $25.02 and a 52-week high of $43.85. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.82. The company has a market cap of $7.48 billion, a PE ratio of 13.00, a P/E/G ratio of 9.15 and a beta of -0.03.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The company had revenue of $2.68 billion during the quarter. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, equities research analysts expect that Campbell’s will post 3.15 EPS for the current fiscal year.

Insider Buying and Selling at Campbell’s

In other news, EVP Charles A. Brawley III sold 11,550 shares of the company’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total value of $325,017.00. Following the completion of the sale, the executive vice president directly owned 43,777 shares in the company, valued at $1,231,884.78. This represents a 20.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Anthony Sanzio sold 2,700 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $26.51, for a total value of $71,577.00. Following the completion of the transaction, the executive vice president directly owned 25,264 shares in the company, valued at approximately $669,748.64. This represents a 9.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 19.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Berkshire Asset Management LLC PA purchased a new stake in Campbell’s in the 3rd quarter valued at about $1,270,000. Wedmont Private Capital increased its position in shares of Campbell’s by 840.4% during the third quarter. Wedmont Private Capital now owns 68,808 shares of the company’s stock worth $2,141,000 after acquiring an additional 61,491 shares during the period. XTX Topco Ltd bought a new stake in shares of Campbell’s during the second quarter valued at approximately $1,154,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Campbell’s in the second quarter valued at approximately $403,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Campbell’s in the third quarter worth approximately $77,940,000. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Company Profile

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.