Stifel Nicolaus Raises Campbell’s (NASDAQ:CPB) Price Target to $22.00

Campbell’s (NASDAQ:CPB) had its target price lifted by Stifel Nicolaus from $20.00 to $22.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 2.76% from the company’s current price.

CPB has been the topic of a number of other reports. Morgan Stanley cut their price target on Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. William Blair began coverage on Campbell’s in a research note on Tuesday, June 23rd. They set a “market perform” rating for the company. DA Davidson raised Campbell’s to a “hold” rating in a research report on Monday, July 6th. Royal Bank Of Canada dropped their price objective on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 9th. Finally, Barclays cut their target price on Campbell’s from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Monday, June 8th. Twelve equities research analysts have rated the stock with a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $22.00.

Campbell’s Price Performance

Shares of CPB opened at $21.41 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. The company has a 50 day moving average price of $21.68 and a 200-day moving average price of $23.27. Campbell’s has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The stock has a market capitalization of $6.38 billion, a PE ratio of 10.60 and a beta of 0.02.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $2.37 billion for the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. Equities analysts predict that Campbell’s will post 2.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Campbell’s

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Campbell’s by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,472 shares of the company’s stock valued at $777,000 after acquiring an additional 685 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Campbell’s by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company’s stock worth $26,369,000 after purchasing an additional 27,374 shares in the last quarter. Empowered Funds LLC purchased a new position in Campbell’s in the 1st quarter valued at $446,000. Woodline Partners LP lifted its holdings in Campbell’s by 40.9% in the 1st quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock valued at $664,000 after purchasing an additional 4,827 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

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.