The stock of Campbell Soup Company (NYSE:CPB) increased by $0.05 on Tuesday to finish at $42.28, up 0.12 percent. The last five days have seen an average of 2,207,900 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$14.47. The average number of shares traded over the last 20 days was 2,380,205, while the average volume over the last 50 days totaled 2,291,988.
CPB stock dropped -7.73% since last month. On 08/23/23, the company’s shares reached a one-month low of $41.56. The stock touched a high of $57.78 on 01/09/23, after rallying from a low of $41.56 in 52 weeks. The price of CPB stock has declined by -25.50% or -$14.47 this year, reaching a new high 3 times. Still, the stock price is down -26.82% from the 52-week high.
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Insider Transactions
CPB stock investors should be aware that Campbell Soup Company (CPB) stock had its last reported insider trading activity 252 days ago on Dec 21. On Dec 21, Executive Vice President Ciongoli Adam G. sold 37,354 shares at $56.86 each. This transaction resulted in the insider making $2,123,948. On Dec 08, Ciongoli Adam G. sold 44,232 shares at a price of US$56.46. After the transaction, the insider now owns 136,739 shares. Executive Vice President Sanzio Anthony had earlier sold 1,800 shares on Dec 08 for $56.10 a share. The transaction was completed for $100,980.
Valuation Metrics
Campbell Soup Company (CPB) has a trailing price-to-earnings (P/E) ratio of 16.20. Beta for the stock is 0.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.35, the price-to-book (PB) ratio of 3.53, and the price-to-cash flow ratio of 18.45.
Company paid $0.37 per share in dividends, remained unchanged from $0.37 last year. A $0.02 dividend increase was reported on Wednesday December 9 2020.
Financial Health
For the three months ended April 29, Campbell Soup Company’s quick ratio was 0.40, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 1.25, and the total debt to equity ratio is 1.33. As far as profitability goes, gross margin for the trailing twelve months is 30.50% percent. Campbell Soup Company’s EBITDA margin for the year ended April 29 was 17.64%, whereas its operating margin stood at 13.00% for the same period. Based on annual data, it had gross profit of $2.63 billion and revenue of $8.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CPB’s return on assets (ROA) during the last 12 months has been 6.50%. There was a 11.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 22.50%.
Earnings Surprise
According to Campbell Soup Company’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.23 billion, while revenues rose by 4.44% to $2.48 billion. It was predicted that Campbell Soup Company’s quarterly earnings would be $0.68, but it ended up being $0.64, beating the consensus by 6.30%. EBITDA was $362.0 million for the quarter. At the end of Campbell Soup Company’s most recent quarter ended April 29, its liabilities totaled 8.48 billion, while its total debt was $5.04 billion. Equity owned by shareholders amounts to $298.09 million.
Technical Picture
Here’s a quick look at Campbell Soup Company’s (CPB) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 36.08%, suggesting the stock is Neutral, with a 13.71% historical volatility rate.
The stochastic %K and %D were 22.31% and 15.82% respectively, while the average true range (ATR) was 0.66. Based on the 14-day stochastic reading of 25.58%, the RSI (14) reading is 34.61%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at -0.44.
Analyst Ratings
Analysts have assigned Campbell Soup Company (CPB) an Hold rating. CPB is a stock that is recommended for selling by 3 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is CPB’s price target for the next 12 months?
The current consensus forecast for the stock is between $40.00 and $55.00, with a median target price of $47.50. In analyzing these forecasts, the average price target given by analysts for Campbell Soup Company (CPB) is $47.46.
