Campbell Soup Company (NYSE:CPB) finished Wednesday with a subtraction of -$0.1 to close at $41.79, a downside of -0.24 percent. An average of 2,424,480 shares of common stock have been traded in the last five days. There was a fall of -$1.13 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 2,321,070 shares traded, while the 50-day average volume stands at 2,351,644.
CPB stock has decreased by -9.68% in the last month. The company shares reached their 1-month lowest point of $41.56 on 08/23/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $41.65 and a high of $57.78 in 52 weeks. It has reached a new high 3 times so far this year and lost -26.36% or -$14.96 in price. In spite of this, the price is down -27.67% from the 52-week high.
Insider Transactions
CPB stock investors should be aware that Campbell Soup Company (CPB) stock had its last reported insider trading activity 246 days ago on Dec 21. In this transaction, the insider spent $2,123,948. Executive Vice President, Ciongoli Adam G., disposed of 44,232 shares at a price of $56.46 on Dec 08. The insider now owns more than $2,497,339 worth of shares. Prior to that, Executive Vice President Sanzio Anthony went on to Sale 1,800 shares at $56.10 each on Dec 08. An amount of $100,980 was transacted.
Valuation Metrics
Campbell Soup Company (CPB) has a trailing price-to-earnings (P/E) ratio of 16.01. The stock’s beta is 0.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.33, the price-to-book (PB) ratio at 3.49, and the price-to-cash flow ratio at 18.18.
The company has a payout ratio of 56.30%. The company’s most recent quarterly dividend payment was $0.37 a share, without any change from last year. Its latest increase dividend $0.02 reported on Wednesday December 9 2020.
Financial Health
The quick ratio of Campbell Soup Company for the three months ended April 29 was 0.40, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.25 and a total debt to equity ratio of 1.33 for the quarter ending April 29. Campbell Soup Company’s EBITDA margin for the year ending April 29 is 17.64%, while its operating margin for the same period stands at 13.00%. Its gross profit as reported stood at $2.63 billion compared to revenue of $8.56 billion.
Earnings Surprise
For the three-month period that ended April 29, Campbell Soup Company had $4.5 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $160.0 million in the quarter, while revenues were shrunk -17.5%. The analyst consensus anticipated Campbell Soup Company’s latest quarter earnings to come in at $0.64 per share, but it turned out to be $0.68, a 6.30% surprise. For the quarter, EBITDA amounted to $362.0 million. Shareholders own equity worth $298.09 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Campbell Soup Company (CPB) price momentum. RSI 9-day as of the close on 23 August was 23.93%, suggesting the stock is oversold, with historical volatility in this time frame at 12.80%.
As of today, CPB’s price is $42.19 -2.63% or -$1.13 from its 5-day moving average. CPB is currently trading -9.53% lower than its 20-day SMA and -23.18% lower than its 100-day SMA. However, the stock’s current price level is -9.11% below the SMA50 and -18.43% below the SMA200.
The stochastic %K and %D were 5.27% and 6.83%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 5.25% and the average true range at 0.73, the RSI (14) stands at 27.63%. The stock has reached -0.82 on the 9-day MACD Oscillator while the 14-day reading was at -1.33.
Analyst Ratings
The consensus rating for Campbell Soup Company (CPB) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell CPB, while 10 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is CPB’s price target for the next 12 months?
Analysts predict a range of price targets between $40.00 and $55.00, with a median target of $47.50. Taking a look at these predictions, the average price target given by analysts for Campbell Soup Company (CPB) stock is $47.46.
