Campbell Soup Company [CPB] Is Currently 1.34 below its 200 Period Moving Avg: What Does This Mean?
Campbell Soap Company [NYSE: CPB] It jumped about 0.65 points on Thursday, while the share price reached $49.18 at the close of the session, up 1.34%. Company report on September 21 2022 That Campbell reports quarterly earnings.
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The Board of Directors of Campbell Soup Corporation (NYSE: CPB) today announced a regular quarterly dividend to Campbell’s share capital of $0.37 per share. Quarterly dividend is payable October 31, 2022 to shareholders of record at close of business effective October 6, 2022.
For more than 150 years, Campbell (NYSE: CPB) has been connecting people through the food they love. Campbell has been trusted by generations of consumers to deliver delicious, affordable food and drinks. Headquartered in Camden, New Jersey since 1869, Campbell’s company had net sales for 2022 of approximately $8.6 billion. Our portfolio includes such well-known brands as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell has a legacy of giving back and serving as a good servant of the environment. The company is a member of the Standard & Poor’s 500 as well as the FTSE4Good and Bloomberg Gender Indexes. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via CampbellSoupCo.
Campbell Soup’s stock is now 13.16% higher than its trade value YTD (YTD). CPB stock had an intraday high of $49,495 and a low of $48.59 per share. The company’s 52-week high is 51.94, which means the current price is 17.87% higher than the all-time high touched on 05/09/22.
Compared to the average trading volume of 2.32 million shares, CPB reached a trading volume of 2605263 on the last trading day, which is why market watchers consider the stock to be active.
What top market experts say about Campbell Soap [CPB]?
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on CPB’s stock price target is $48.62 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for CPB stock is a set recommendation at 3.20. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
UBS made an estimate for Campbell Soup shares, keeping their opinion of the stock as sell, with their previous recommendation back on March 30, 2022. While those analysts held the previous recommendation, RBC Capital Mkts lowered their target price from $47 to $46. The new note was released on price target on March 28, 2022, which is the official target price for Campbell Soup Inc.’s stock. Previously, price target saw another drop from $51 to $43, while Piper Sandler maintained a neutral rating on CPB stock.
Campbell Soup’s Average True Range (ATR) is set at 1.02, with CPB’s price-to-sales ratio for the past 12-month period standing at 1.70. The price-to-book ratio for the last quarter was 4.36, with the price-to-cash-to-cash ratio for the same quarter set at 0.66. The PBOC Free Cash Flow rate for the past 12 months was 31.32 with a Q4 fast ratio of 0.30.
How has CPB stock been performing lately?
Campbell Soap Company [CPB] Profited in the green at the end of last week, gained a positive trend and rose by 4.44. With this latest performance, CPB shares are down -3.87% over the past four-week period, as well as down 14.35% over the past six months — not to mention up 16.10% in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for CPB stock for the last two weeks is set at 52.69, with the RSI for the last one traded at 57.28, and the three-week RSI is set at 51.45 for Campbell Soup [CPB]. The current moving average of the last 50 trading days for this stock is 49.27, while it recorded at 48.24 for the last trading week, and 46.43 for the last 200 days.
Campbell Soap Company [CPB]: A deeper look into the basics
Operating margin for any stock indicates how profitable the investment is, Campbell Soup [CPB] The stock currently has an operating margin of +13.64 and a gross margin of +30.68. Campbell Soap’s net margin is currently at +8.84.
The return on equity for this stock rose to 23.35, with the return on assets remaining at 6.41.
Campbell Soup’s liquidity data is also interesting, with the quick ratio at 0.30 and the current liquidity ratio at 0.70.
Campbell Soap Profits Analysis [CPB]
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for CPB. When it comes to the stated value, analysts expect Campbell Soup’s 5-year EPS growth rate to rise to 2.64%.
Commercial Parking Inside for Campbell Soup [CPB]
There are currently approximately $7,627 million, or 53.00% of CPB’s stock, in the hands of institutional investors. The three largest corporate owners of CPB shares are: VANGUARD GROUP INC with ownership of 23,443,037, which represents approximately 0.789% of the company’s market capitalization and about 0.10% of the total institutional ownership; BLACKROCK INC. , which owns 1,5830.029 shares of stock with an approximate value of $778.52 million in CPB stock; and STATE STREET CORP, currently with $620.11 million of CPB stock with ownership of approximately 3.504% of the company’s market capitalization.
Positions in Campbell Soup Inc. shares held by institutional investors increased at the end of September and at the time of the September report, with 301 institutional owners consolidating their positions in Campbell Soup [NYSE:CPB] About 13461,882 shares. In addition, the number of 214 investors decreased by about 11,408,180 shares, while 100 investors held positions with 130,215,334 shares. The said changes put institutional holdings at 155,085,396 shares, according to the latest report from the Securities and Exchange Commission. The People’s Bank of China (CPB) had 81 new institutional investments totaling 2,279,811 shares, while 48 institutional investors sold positions totaling 718,447 shares during the same period.