Campbell Soup Company (NYSE:CPB) does about 2.67M shares in volume on a normal day but saw 3071880 shares change hands in Friday trading. The company now has a market cap of 12.63B USD . Its current market price is $42.83, marking an increase of 1.09% compared to the previous close of $42.37. The 52 week high reached by this stock is $57.78 whilst the lowest price level in 52 weeks is $42.35. The script in recent trading has seen the stock touch a high of $43.065 and a low of $42.18.
Campbell Soup Company (CPB) has a 20-day trading average at $44.70 and the current price is -25.87% off the 52-week high compared with 1.13% distance from its 52-week low. The 50-day simple moving average of the closing price is $45.42 and its 200-day simple moving average is $51.41. If we look at the stock’s price movements over the week, volatility stands at 1.50%, which increases to 1.54% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.02 to suggest the stock is neutral.
The consensus objective for the share price is $48.66, suggesting that the stock has a potential upside of 11.98% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 14, 2023 when Stifel resumed the stock to “Hold” and issued a price target of $55.
The current price level is -4.55%, -5.83%, and -16.77% away from its SMA20, SMA50, and SMA200 respectively, with the CPB price moving above the 50-day SMA on August 18. Campbell Soup Company (CPB) stock is down -2.77% over the week and -7.99% over the past month. Its price is -24.53% year-to-date and -15.51% over the past year.
The stock last released its quarterly earnings report for quarter ended 4/29/2023, with the company’s earnings per share (EPS) of $0.68 above consensus estimates by $0.04. CPB’s earnings per share are forecast to grow by 5.30% this year and 3.30% over next year. Expected sales for next quarter are $2.59 billion, which analysts say will come at $9.36 billion for the current fiscal year and next year at $9.41 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.07 billion.
To reach the target analysts have set, the stock logically needs to grow 11.98 percent from here.
Outstanding shares total 299.00M with insiders holding 36.12% of the shares and institutional holders owning 53.35% of the company’s common stock. The company has a return on investment of 11.60% and return on equity of 22.50%. The price to earnings ratio (P/E ratio) amounts to 16.41 while the forward price to earnings ratio is 13.79. The beta has a value of 0.34. Price to book ratio is 3.57 and price to sales ratio is 1.36.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market ETF has reduced its position in Campbell Soup Company (CPB) to 6,068,307 shares, mirroring a recent drop by -0.11%. Vanguard Total Stock Market ETF dumped 6959.0 shares of Campbell Soup Company common stock bringing its total worth to about $278.05 million at the end of recent close, SEC documents show. Vanguard Total Stock Market ETF isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which added 37790.0 shares to end up with 4,812,599 shares worth $220.51 million. Vanguard Mid Cap Index Fund cut their holdings by -0.20% in the company over the course of the most recent quarter. It now holds a 1.51% position in Campbell Soup Company thanks to 4.5 million shares amounting to $206.34 million.
