In yesterday’s Wall Street session, Campbell Soup Co. (NYSE:CPB) shares traded at $48.94, down -1.39% from the previous session.
CPB stock price is now 6.52% away from the 50-day moving average and 11.40% away from the 200-day moving average. The market capitalization of the company currently stands at $14.61B.
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With the price target enhanced from $45 to $52, JP Morgan Upgraded its rating from Neutral to Overweight for Campbell Soup Co. (NYSE: CPB). On May 15, 2024, Bernstein Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock increasing its target price from $42 to quote $46, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Sanzio Anthony, Executive Vice President sold 250 shares of the company’s stock on Apr 04 ’24. The stock was sold for $10,938 at an average price of $43.75. Upon completion of the transaction, the Executive Vice President now directly owns 13,988 shares in the company, valued at $0.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’23, Executive Vice President Sanzio Anthony sold 3,000 shares of the business’s stock. A total of $132,930 was realized by selling the stock at an average price of $44.31. This leaves the insider owning 14,238 shares of the company worth $0.7 million. A total of 33.97% of the company’s stock is owned by insiders.
During the past 12 months, Campbell Soup Co. has had a low of $37.94 and a high of $50.63. As of last week, the company has a debt-to-equity ratio of 1.91, a current ratio of 0.62, and a quick ratio of 0.24. According to the stock market information, the enterprise value for the company is $22196230144, which is based on a 19.81 price-to-earnings ratio, a 3.80 price-to-earnings-growth ratio, and a beta of 0.16. The fifty day moving average price for CPB is $45.9458 and a two-hundred day moving average price translates $43.9304 for the stock.
The latest earnings results from Campbell Soup Co. (NYSE: CPB) was released for 2024-04-28. The net profit margin was 7.85% and return on equity was 19.71% for CPB. The company reported revenue of $2.37 billion for the quarter, compared to $2.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.28 percent. For the current quarter, analysts expect CPB to generate $2.32B in revenue.
Campbell Soup Co.(CPB) Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell’s condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell’s gravies, pasta, beans, and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell’s tomato juice; and snacking products in foodservice in Canada. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products, that includes Goldfish crackers, Snyder’s of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, Pop Secret popcorn, and other snacking products. This segment is also involved in the retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was founded in 1869 and is headquartered in Camden, New Jersey.
