As of Friday close, Campbell Soup Company’s (NYSE:CPB) stock was down -$0.29, moving down -0.68 percent to $42.61. The average number of shares traded per day over the past five days has been 2,553,280 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.43 fall in that time frame. In the last twenty days, the average volume was 3,520,045, while in the previous 50 days, it was 2,766,568.
Since last month, CPB stock rose 1.96%. Shares of the company fell to $40.76 on 09/01/23, the lowest level in the past month. A 52-week high of $57.78 was reached on 01/09/23 after having rallying from a 52-week low of $40.76. Since the beginning of this year, CPB’s stock price has dropped by -24.92% or -$14.14, and marked a new high 3 times. However, the stock has declined by -26.25% since its 52-week high.
CPB stock investors should be aware that Campbell Soup Company (CPB) stock had its last reported insider trading activity 9 days ago on Sep 14. Polomski Stanley, the Senior VP and Controller of the company, disposed of 8,000 shares for $43.35 on Sep 14. It resulted in a $346,767 divestment by the insider. Ciongoli Adam G. sold 37,354 shares at an average price of $56.86 on Dec 21. The insider now owns 99,385 shares following the transaction. On Dec 08, Executive Vice President Ciongoli Adam G. sold 44,232 shares at $56.46 apiece. The transaction was valued at $2,497,339.
Valuation Metrics
Right now, Campbell Soup Company (CPB) has a P/E ratio of about 14.93. The stock’s beta is 0.32. Besides these, the trailing price-to-sales (P/S) ratio of 1.37, the price-to-book (PB) ratio of 3.55, and the price-to-cash flow ratio of 14.60 may also be considered.
The latest dividend of $0.37 per share was paid out, remained unchanged from last year’s $0.37. On Wednesday December 9 2020, a $0.02 dividend increase was announced.
Financial Health
In the three months ended July 30, Campbell Soup Company’s quick ratio stood at 0.40, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 1.25, and the total debt-to-equity ratio was 1.33. On the profitability front, the trailing twelve-month gross margin is 31.40% percent. In the year ended July 30, operating margins totaled 13.40%. Based on annual data, CPB earned $2.92 billion in gross profit and brought in $9.36 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.60%. Return on equity (ROE) for the past 12 months was 23.30%.
In Campbell Soup Company’s quarter-end financial report for July 30, it reported total debt of $4.5 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CPB’s revenue rose 3.92% to $2.23 billion during the quarter, while net income inched up to $2.07 billion. While analysts expected Campbell Soup Company to report $0.5 quarterly earnings, the actual figure was $0.5 per share. During the quarter, the company generated $375.0 million in EBITDA. The liabilities of Campbell Soup Company were 8.39 billion at the end of its most recent quarter ended July 30, and its total debt was $4.69 billion. The value of shareholders’ equity is $297.94 million.
Technical Picture
This quick technical analysis looks at Campbell Soup Company’s (CPB) price momentum. With a historical volatility rate of 14.36%, the RSI 9-day stood at 50.55% on 22 September.
With respect to its five-day moving average, the current Campbell Soup Company price is down by -1.00% percent or -$0.43. At present, CPB shares trade +2.01% above its 20-day simple moving average and -22.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.41% below its SMA50 and -20.06% below its SMA200.
Stochastic coefficient K was 64.17% and Stochastic coefficient D was 59.88%, while ATR was 0.75. Given the Stochastic reading of 61.74% for the 14-day period, the RSI (14) reading has been calculated as 48.24%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at 0.29.
Analyst Ratings
TD Cowen launched its rating on Campbell Soup Company (NYSE: CPB) to a Market perform in a note to investors on September 13, 2023. Campbell Soup Company (CPB) has been rated Hold by analysts. According to 3 brokerage firms, CPB is a sell, and 10 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 2 analysts rate Campbell Soup Company stock as buy, with 2 recommending it as overweight.
With a median target price of $45.50, the current consensus forecast for the stock is $41.00 – $50.00. Based on these forecasts, analysts predict Campbell Soup Company (CPB) will achieve an average price target of $45.38.
