Is The Campbell’s Company (CPB) One of the Best Food Stocks with Highest Dividends?

The Campbell’s Company (NASDAQ:CPB) is included among the 10 Best Food Stocks with Highest Dividends.

Is The Campbell’s Company (CPB) One of the Best Food Stocks with Highest Dividends?

On April 23, Morgan Stanley lowered its price target on The Campbell’s Company (NASDAQ:CPB) to $23 from $25 and kept an Equal Weight rating. The firm is revising estimates across its packaged foods coverage to reflect recent trends. The analyst pointed to a tougher commodity outlook, especially after the recent rise in oil.

On April 14, Rob Dickerson of BTIG initiated coverage of Campbell’s with a Neutral rating. The firm said category and brand positioning remain a factor. It also highlighted ongoing volume deleverage, cost inflation, execution disruptions, and mix. Taken together, these issues limit near-term top-line and margin recovery potential, the analyst said in a research note. BTIG added that leverage and tighter cash flexibility support the stock’s current discounted valuation.

The Campbell’s Company (NASDAQ:CPB), formerly Campbell Soup Company, provides affordable food and beverages. It operates through two divisions, Meals & Beverages and Snacks, and manages a portfolio of about 16 brands.

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