Campbell Soup Co. (NYSE:CPB) finished Friday with a subtraction of -$0.18 to close at $41.08, a downside of -0.44 percent. An average of 2,816,680 shares of common stock have been traded in the last five days. There was a fall of -$1.53 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 3,459,365 shares traded, while the 50-day average volume stands at 2,810,434.
CPB stock has decreased by -2.10% in the last month. The company shares reached their 1-month lowest point of $40.76 on 09/01/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $40.76 and a high of $57.78 in 52 weeks. It has reached a new high 3 times so far this year and lost -27.61% or -$15.67 in price. In spite of this, the price is down -28.90% from the 52-week high.
Insider Transactions
CPB stock investors should be aware that Campbell Soup Co. (CPB) stock had its last reported insider trading activity 16 days ago on Sep 14. In this transaction, the insider spent $346,767. Executive Vice President, Ciongoli Adam G., disposed of 37,354 shares at a price of $56.86 on Dec 21. The insider now owns more than $2,123,948 worth of shares. Prior to that, Executive Vice President Ciongoli Adam G. went on to Sale 44,232 shares at $56.46 each on Dec 08. An amount of $2,497,339 was transacted.
Valuation Metrics
Campbell Soup Co. (CPB) has a trailing price-to-earnings (P/E) ratio of 14.39. The stock’s beta is 0.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.31, the price-to-book (PB) ratio at 3.34, and the price-to-cash flow ratio at 15.84.
The company has a payout ratio of 51.92%. 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 Co. for the three months ended July 30 was 0.35, and the current ratio was 0.93, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.29 and a total debt to equity ratio of 1.36 for the quarter ending July 30. Its gross profit as reported stood at $2.92 billion compared to revenue of $9.36 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Campbell Soup Co.’s return on assets was 7.16%.
Earnings Surprise
For the three-month period that ended July 30, Campbell Soup Co. 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 $169.0 million in the quarter, while revenues were grew 43.2%. The analyst consensus anticipated Campbell Soup Co.’s latest quarter earnings to come in at $0.5 per share, but it turned out to be $0.5, a 0.00% surprise. For the quarter, EBITDA amounted to $375.0 million. Shareholders own equity worth $297.94 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Campbell Soup Co. (CPB) price momentum. RSI 9-day as of the close on 29 September was 30.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 10.06%.
As of today, CPB’s price is $41.51 -3.59% or -$1.53 from its 5-day moving average. CPB is currently trading -1.49% lower than its 20-day SMA and -24.57% lower than its 100-day SMA. However, the stock’s current price level is -11.75% below the SMA50 and -27.82% below the SMA200.
The stochastic %K and %D were 8.25% and 15.47%, respectively, and the average true range (ATR) was 0.67. With the 14-day stochastic at 5.65% and the average true range at 0.70, the RSI (14) stands at 35.39%. The stock has reached -0.74 on the 9-day MACD Oscillator while the 14-day reading was at -1.06.
Analyst Ratings
TD Cowen launched coverage on Campbell Soup Co. (NYSE: CPB) in its analyst report released on September 13, 2023. The firm assigned the stock a Market perform rating.
