The stock of Campbell Soup Company (NYSE:CPB) last traded at $41.70, down -0.62% from the previous session.
Data from the available sources indicates that Campbell Soup Company (NYSE:CPB) is covered by 17 analysts. 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 $41.00, we find $47.50. Given the previous closing price of $41.96, this indicates a potential upside of 13.2 percent. CPB stock price is now -6.80% away from the 50-day moving average and -18.29% away from the 200-day moving average. The market capitalization of the company currently stands at $12.34B.
In total, 9 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $47.54 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 $4.14 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 $5.7 million. Insiders disposed of 436,267 shares of company stock worth roughly $18.19 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 ARMISTICE CAPITAL, LLC during the first quarter worth $32,526,000. PROSPECTOR PARTNERS FUND, L.P. invested $9,271,000 in shares of CPB during the first quarter. In the first quarter, ADAGE CAPITAL PARTNERS GP, L.L.C. acquired a new stake in Campbell Soup Company valued at approximately $8,338,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in CPB for approximately $5,774,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in CPB valued at around $2,955,000 in the second quarter. In total, there are 949 active investors with 52.90% ownership of the company’s stock.
With an opening price of $44.01 on Thursday morning, Campbell Soup Company (NYSE: CPB) set off the trading day. During the past 12 months, Campbell Soup Company has had a low of $41.56 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 $17.04B, which is based on a 15.98 price-to-earnings ratio, a 2.84 price-to-earnings-growth ratio, and a beta of 0.33. The fifty day moving average price for CPB is $44.74 and a two-hundred day moving average price translates $51.03 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 $2.06B 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 3.55% 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%.
