The stock of Campbell Soup Co. (NYSE:CPB) last traded at $45.37, down -0.37% from the previous session.
CPB stock price is now 5.23% away from the 50-day moving average and 6.18% away from the 200-day moving average. The market capitalization of the company currently stands at $13.52B.
On March 01, 2024, DA Davidson recently initiated its ‘Buy’ rating on the stock quoting a target price of $48, while ‘Citigroup’ rates the stock as ‘Sell’
In other news, Sanzio Anthony, Executive Vice President sold 250 shares of the company’s stock on Apr 04 ’24. The stock was sold for $10,938 at an average price of $43.75. Upon completion of the transaction, the Executive Vice President now directly owns 13,988 shares in the company, valued at $0.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’23, Executive Vice President Sanzio Anthony sold 3,000 shares of the business’s stock. A total of $132,930 was realized by selling the stock at an average price of $44.31. This leaves the insider owning 14,238 shares of the company worth $0.65 million. A total of 34.02% of the company’s stock is owned by insiders.
During the past 12 months, Campbell Soup Co. has had a low of $37.94 and a high of $55.14. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 1.01, and a quick ratio of 0.43.
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 $0.77 EPS in the same period last year. The net profit margin was 8.26% and return on equity was 20.57% for CPB. The company reported revenue of $2.46 billion for the quarter, compared to $2.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.17 percent. For the current quarter, analysts expect CPB to generate $2.36B in revenue.
