Why Shares of Campbell Soup Company (CPB) Are Going Crazy

Campbell Soup Company (NYSE: CPB) is -0.02% lower on its value in year-to-date trading and has touched a low of $40.03 and a high of $57.54 in the current 52-week trading range. The CPB stock was last observed hovering at around $49.41 in the recent trading session, with the current gains setting it 0.98% off its average median price target of $53.50 for the next 12 months. It is also 17.39% off the consensus price target high of $61.00 offered by 20 analysts, but current levels are -25.98% lower than the price target low of $40.00 for the same period.

At last check, trading at $50.39, the stock is 2.68% and 1.28% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.68 million and changing 1.98% at the moment leaves the stock 4.16% off its SMA200. CPB registered 19.35% gain for a year compared to 6-month gain of 4.35%. The firm has a 50-day simple moving average (SMA 50) of $49.16 and a 200-day simple moving average (SMA200) of $48.93.

The stock witnessed a -0.24% loss in the last 1 month and extending the period to 3 months gives it a 7.04%, and is 0.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.43% over the week and 2.13% over the month.

Campbell Soup Company (CPB) has around 19000 employees, a market worth around $14.93B and $7.56B in sales. Current P/E ratio is 34.94 and Fwd P/E is 17.29. Profit margin for the company is 20.30%. Distance from 52-week low is 25.88% and -12.43% from its 52-week high. The company has generated returns on investments over the last 12 months (8.70%).

Campbell Soup Company (CPB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Campbell Soup Company (CPB) is a “Hold”. 20 analysts offering their recommendations for the stock have an average rating of 3.00, where 12 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Campbell Soup Company is expected to release its quarterly report on 08/27/2020 and quarterly earnings per share for the current quarter are estimated at $0.59 with sales reaching $2.03B over the same period.The EPS is expected to shrink by -20.40% this year, but quarterly earnings will post -5.80% year-over-year. Quarterly sales are estimated to grow 0.10% in year-over-year returns.

Campbell Soup Company (CPB) Top Institutional Holders

809 institutions hold shares in Campbell Soup Company (CPB), with 132.65M shares held by insiders accounting for 43.90% while institutional investors hold 95.64% of the company’s shares. The shares outstanding are 302.00M, and float is at 169.69M with Short Float at 10.82%. Institutions hold 53.65% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 23.43 million shares valued at $1.08 billion. The investor’s holdings represent 7.76% of the CPB Shares outstanding. As of Mar 30, 2020, the second largest holder is Blackrock Inc. with 14.58 million shares valued at $672.8 million to account for 4.82% of the shares outstanding. The other top investors are Invesco Ltd. which holds 13.36 million shares representing 4.42% and valued at over $616.5 million, while State Street Corporation holds 2.87% of the shares totaling 8.66 million with a market value of $399.97 million.

Campbell Soup Company (CPB) Insider Activity

A total of 14 insider transactions have happened at Campbell Soup Company (CPB) in the last six months, with sales accounting for 6 and purchases happening 8 times. The most recent transaction is an insider sale by Ciongoli Adam G., the company’s Senior Vice President. SEC filings show that Ciongoli Adam G. sold 98,334 shares of the company’s common stock on Mar 05 at a price of $53.54 per share for a total of $5.26 million. Following the sale, the insider now owns 92386.0 shares.

Campbell Soup Company disclosed in a document filed with the SEC on Sep 30 that Ciongoli Adam G. (Senior Vice President) sold a total of 16,096 shares of the company’s common stock. The trade occurred on Sep 30 and was made at $47.16 per share for $0.76 million. Following the transaction, the insider now directly holds 70984.0 shares of the CPB stock.

Campbell Soup Company (CPB): Who are the competitors?

The company’s main competitors (and peers) include Conagra Brands Inc. (CAG) that is trading 25.62% up over the past 12 months. The Hain Celestial Group Inc. (HAIN) is 41.91% up on the 1-year trading charts. Short interest in the company’s stock has risen 13.07% from the last report on May 14, 2020 to stand at a total of 15.96 million short shares sold with a short interest ratio of 5.46.