The price of Campbell Soup Co. (NYSE:CPB) shares last traded on Wall Street rose 7.11% to $43.24.
Based on available information, 20 analysts follow Campbell Soup Co. (NYSE:CPB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $38.00, we find $45.50. Given the previous closing price of $40.37, this indicates a potential upside of 12.71 percent. CPB stock price is now 7.17% away from the 50-day moving average and -7.55% away from the 200-day moving average. The market capitalization of the company currently stands at $12.87B.
Among analysts, 11 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $45.09 as their price target over the next twelve months.
With the price target of $50, Stephens recently initiated with Overweight rating for Campbell Soup Co. (NYSE: CPB).
In other news, Polomski Stanley, Senior VP and Controller sold 8,000 shares of the company’s stock on Sep 14. The stock was sold for $346,767 at an average price of $43.35. Upon completion of the transaction, the Senior VP and Controller now directly owns 33,162 shares in the company, valued at $1.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 21, Executive Vice President Ciongoli Adam G. sold 37,354 shares of the business’s stock. A total of $2,123,948 was realized by selling the stock at an average price of $56.86. This leaves the insider owning 99,385 shares of the company worth $4.3 million. Insiders disposed of 390,178 shares of company stock worth roughly $16.87 million over the past 1 year. A total of 34.05% of the company’s stock is owned by insiders.
A candlestick chart of Campbell Soup Co. (NYSE: CPB) showed a price of $41.73 on Wednesday morning. During the past 12 months, Campbell Soup Co. has had a low of $37.94 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 0.97, and a quick ratio of 0.39. According to the stock market information, the enterprise value for the company is $17.50B, which is based on a 16.32 price-to-earnings ratio, a 3.20 price-to-earnings-growth ratio, and a beta of 0.25. The fifty day moving average price for CPB is $40.35 and a two-hundred day moving average price translates $46.77 for the stock.
The latest earnings results from Campbell Soup Co. (NYSE: CPB) was released for Jul, 2023. According to the Packaged Foods Company, earnings per share came in at $0.5, inline with analysts’ expectations of $0.5. This compares to $0.33 EPS in the same period last year. The net profit margin was 8.55% and return on equity was 22.02% for CPB. The company reported revenue of $2.07 billion for the quarter, compared to $1.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.08 percent. For the current quarter, analysts expect CPB to generate $2.52B in revenue.
Campbell Soup Co.(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, that includes Goldfish crackers, 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, 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.
