Why Campbell Soup Co. (CPB) Stock Could See Much Higher Prices Ahead

Campbell Soup Co. (NYSE: CPB) is -2.87% lower on its value in year-to-date trading and has touched a low of $37.94 and a high of $56.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CPB stock was last observed hovering at around $43.10 in the last trading session, with the day’s loss setting it -1.11%.

Currently trading at $41.99, the stock is -4.52% and -3.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.03 million and changing -2.58% at the moment leaves the stock -5.73% off its SMA200. CPB registered -17.50% loss for a year compared to 6-month loss of -4.59%. The firm has a 50-day simple moving average (SMA 50) of $1.84 and a 200-day simple moving average (SMA200) of $10.51.

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The stock witnessed a -3.96% gain in the last 1 month and extending the period to 3 months gives it a 4.27%, and is -6.31% down 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 2.63% over the week and 2.01% over the month.

Campbell Soup Co. (CPB) has around Jan 03 2024 employees, a market worth around $12.52B and $9.30B in sales. Current P/E ratio is 15.84 and Fwd P/E is 13.01. Profit margin for the company is 8.55%. Distance from 52-week low is 10.67% and -25.07% from its 52-week high. The company has generated returns on investments over the last 12 months (9.38%).

Campbell Soup Co. quarterly earnings per share for the current quarter are estimated at $0.77 with sales reaching $2.44B over the same period.The EPS is expected to grow by 2.20% this year, but quarterly earnings will post 0.00% year-over-year.

Campbell Soup Co. (CPB) Top Institutional Holders

914 institutions hold shares in Campbell Soup Co. (CPB), with institutional investors hold 86.48% of the company’s shares. The shares outstanding are 298.00M, and float is at 196.77M with Short Float at 7.13%. Institutions hold 55.72% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 23.91 million shares valued at $1.09 billion. The investor’s holdings represent 8.03% of the CPB Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 18.28 million shares valued at $835.65 million to account for 6.14% of the shares outstanding. The other top investors are State Street Corporation which holds 10.83 million shares representing 3.64% and valued at over $495.04 million, while Beutel, Goodman & Company Ltd holds 1.77% of the shares totaling 5.27 million with a market value of $241.1 million.

Campbell Soup Co. (CPB) Insider Activity

A total of 36 insider transactions have happened at Campbell Soup Co. (CPB) in the last six months, with sales accounting for 12 and purchases happening 24 times. The most recent transaction is an insider sale by Sanzio Anthony ,the company’sExecutive Vice President. SEC filings show that Sanzio Anthony sold 3,000 shares of the company’s common stock on Dec 12 at a price of $44.31 per share for a total of $0.13 million. Following the sale, the insider now owns 14238.0 shares.

Campbell Soup Co. disclosed in a document filed with the SEC on Sep 14 that Polomski Stanley (Senior VP and Controller) sold a total of 8,000 shares of the company’s common stock. The trade occurred on Sep 14 and was made at $43.35 per share for $0.35 million. Following the transaction, the insider now directly holds 33162.0 shares of the CPB stock.

Campbell Soup Co. (CPB): Who are the competitors?

The company’s main competitors (and peers) include Mondelez International Inc. Cl A (MDLZ) that is trading 10.41% up over the past 12 months. Kraft Heinz Co. (KHC) that is -10.81% lower over the same period.