In yesterday’s Wall Street session, Campbell Soup Co. (NASDAQ:CPB) shares traded at $49.14, down -3.84% from the previous session.
CPB stock price is now 1.90% away from the 50-day moving average and 9.65% away from the 200-day moving average. The market capitalization of the company currently stands at $14.67B.
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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. (NASDAQ: 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 $0.69 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 $52.81. As of last week, the company has a debt-to-equity ratio of 1.89, a current ratio of 0.61, and a quick ratio of 0.24. According to the stock market information, the enterprise value for the company is $21719719936, which is based on a 25.93 price-to-earnings ratio, a 4.47 price-to-earnings-growth ratio, and a beta of 0.17. The fifty day moving average price for CPB is $48.3012 and a two-hundred day moving average price translates $44.8578 for the stock.
The latest earnings results from Campbell Soup Co. (NASDAQ: CPB) was released for 2024-07-28. The net profit margin was 5.88% and return on equity was 15.21% 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.
