Stocks of Campbell Soup Company (NYSE:CPB) traded higher last session on Wall Street, down -0.47% to $46.33.
According to the data, Campbell Soup Company (NYSE:CPB) has 20 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $42.00, we find $49.50. Given the previous closing price of $46.55, this indicates a potential upside of 6.34 percent. CPB stock price is now -4.40% away from the 50-day moving average and -10.80% away from the 200-day moving average. The market capitalization of the company currently stands at $13.88B.
A total of 13 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $49.59 as their price target over the next twelve months.
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 $4.6 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 $6.34 million. Insiders disposed of 454,191 shares of company stock worth roughly $21.04 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 $12,614,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $8,734,000 in shares of CPB during the first quarter. In the first quarter, EMPOWER ADVISORY GROUP, LLC acquired a new stake in Campbell Soup Company valued at approximately $8,156,000. HRT FINANCIAL LP acquired a new stake in CPB for approximately $5,031,000. BROOKFIELD CORP /ON/ purchased a new stake in CPB valued at around $4,918,000 in the second quarter. In total, there are 957 active investors with 52.90% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $46.49 for Campbell Soup Company (NYSE: CPB). During the past 12 months, Campbell Soup Company has had a low of $44.76 and a high of $57.78. As of last week, the company has a debt-to-equity ratio of 1.33, a current ratio of 0.90, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $18.35B, which is based on a 17.75 price-to-earnings ratio, a 3.22 price-to-earnings-growth ratio, and a beta of 0.31. The fifty day moving average price for CPB is $48.29 and a two-hundred day moving average price translates $51.93 for the stock.
The latest earnings results from Campbell Soup Company (NYSE: CPB) was released for Apr, 2023. According to the Packaged Foods Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.64 by 0.04. This compares to $0.62 EPS in the same period last year. The net profit margin was 8.50% and return on equity was 22.50% for CPB. The company reported revenue of $2.23 billion for the quarter, compared to $2.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.65 percent. For the current quarter, analysts expect CPB to generate $2.07B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 07/06/2023 were paid a $0.37 dividend. On an annualized basis, this represents a $1.48 dividend and a 3.19% percent yield. There was an ex-dividend date of 07/05/2023 for this dividend. In terms of dividend payout ratio, CPB is presently at 56.30%.
Campbell Soup Company(CPB) Company Profile
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. This segment provides Campbell’s condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell’s gravies, pasta, beans, and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell’s tomato juice; and snacking products in foodservice in Canada. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products; Milano cookies and Goldfish crackers; and Snyder’s of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, Pop Secret popcorn, Emerald nuts, and other snacking products. This segment is also involved in the retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was founded in 1869 and is headquartered in Camden, New Jersey.
