Stocks of Campbells Co (NASDAQ:CPB) traded higher last session on Wall Street, up 1.56% to $39.79.
CPB stock price is now 0.63% away from the 50-day moving average and -11.41% away from the 200-day moving average. The market capitalization of the company currently stands at $11.86B.
With the price target reduced from $48 to $37, JP Morgan Downgraded its rating from Overweight to Neutral for Campbells Co (NASDAQ: CPB). On November 14, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $47 to quote $56, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Sanzio Anthony, Executive Vice President sold 2,000 shares of the company’s stock on Jan 03 ’25. The stock was sold for $83,805 at an average price of $41.90. Upon completion of the transaction, the Executive Vice President now directly owns 16,551 shares in the company, valued at $0.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03 ’25, Officer Anthony Sanzio bought 2,000 shares of the business’s stock. A total of $83,800 was incurred on buying the stock at an average price of $41.90. A total of 34.13% of the company’s stock is owned by insiders.
During the past 12 months, Campbells Co has had a low of $36.92 and a high of $52.81. As of last week, the company has a debt-to-equity ratio of 2.06, a current ratio of 0.93, and a quick ratio of 0.55.
The net profit margin was 5.15% and return on equity was 13.43% for CPB. The company reported revenue of $2.69 billion for the quarter, compared to $2.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.32 percent.
