The price of Campbell Soup Company (NYSE:CPB) shares last traded on Wall Street rose 0.54% to $51.87.
Based on available information, 18 analysts follow Campbell Soup Company (NYSE:CPB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $61.00 and a low of $41.00, we find $53.00. Given the previous closing price of $51.59, this indicates a potential upside of 2.73 percent. CPB stock price is now -4.53% away from the 50-day moving average and -0.91% away from the 200-day moving average. The market capitalization of the company currently stands at $15.58B.
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Among analysts, 11 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $52.80 as their price target over the next twelve months.
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In other news, Ciongoli Adam G., Executive Vice President sold 37,354 shares of the company’s stock on Dec 21. The stock was sold for $2,123,948 at an average price of $56.86. Upon completion of the transaction, the Executive Vice President now directly owns 99,385 shares in the company, valued at $5.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08, Executive Vice President Ciongoli Adam G. sold 44,232 shares of the business’s stock. A total of $2,497,339 was realized by selling the stock at an average price of $56.46. This leaves the insider owning 136,739 shares of the company worth $7.09 million. Insiders disposed of 309,830 shares of company stock worth roughly $16.07 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPB stock. A new stake in Campbell Soup Company shares was purchased by LIGHTHOUSE INVESTMENT PARTNERS, LLC during the first quarter worth $14,123,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $9,778,000 in shares of CPB during the first quarter. In the first quarter, CENTRE ASSET MANAGEMENT, LLC acquired a new stake in Campbell Soup Company valued at approximately $6,817,000. HRT FINANCIAL LP acquired a new stake in CPB for approximately $5,633,000. BROOKFIELD CORP /ON/ purchased a new stake in CPB valued at around $5,506,000 in the second quarter. In total, there are 957 active investors with 52.90% ownership of the company’s stock.
A candlestick chart of Campbell Soup Company (NYSE: CPB) showed a price of $51.56 on Tuesday morning. During the past 12 months, Campbell Soup Company has had a low of $44.37 and a high of $57.78. As of last week, the company has a debt-to-equity ratio of 1.27, a current ratio of 0.80, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $20.19B, which is based on a 19.20 price-to-earnings ratio, a 3.55 price-to-earnings-growth ratio, and a beta of 0.35. The fifty day moving average price for CPB is $54.30 and a two-hundred day moving average price translates $52.36 for the stock.
The latest earnings results from Campbell Soup Company (NYSE: CPB) was released for Jan, 2023. According to the Packaged Foods Company, earnings per share came in at $0.8, beating analysts’ expectations of $0.74 by 0.06. This compares to $0.70 EPS in the same period last year. The net profit margin was 8.90% and return on equity was 23.60% for CPB. The company reported revenue of $2.48 billion for the quarter, compared to $2.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.49 percent. For the current quarter, analysts expect CPB to generate $2.24B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/01/2023. Investors who held shares on 04/06/2023 were paid a $0.37 dividend. On an annualized basis, this represents a $1.48 dividend and a 2.85% percent yield. There was an ex-dividend date of 04/05/2023 for this dividend. In terms of dividend payout ratio, CPB is presently at 54.50%.
