Campbell Soup Company [NYSE: CPB] surged by $1.01 during the normal trading session on Wednesday and reaching a high of $53.53 during the day while it closed the day at $53.14. The company report on March 8, 2023 that Campbell Reports Second-Quarter Fiscal 2023 Results.
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Double-digit Net Sales and EPS Growth; Raises Fiscal 2023 Guidance.
Net Sales increased 12% and Organic Net Sales increased 13% due to favorable net price realization and continued brand strength.
Campbell Soup Company stock has also gained 2.37% of its value over the past 7 days. However, CPB stock has declined by -0.30% in the 3 months of the year. Over the past six months meanwhile, it has gained 8.87% and lost -6.36% year-on date.
The market cap for CPB stock reached $15.92 billion, with 299.00 million shares outstanding and 192.10 million shares in the current float. Compared to the average trading volume of 2.46M shares, CPB reached a trading volume of 5357577 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Campbell Soup Company [CPB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CPB shares is $52.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CPB stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for Campbell Soup Company shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 15, 2022. While these analysts kept the previous recommendation, UBS raised their target price to Sell. The new note on the price target was released on March 30, 2022, representing the official price target for Campbell Soup Company stock. Previously, the target price had yet another drop from $47 to $46, while RBC Capital Mkts kept a Sector Perform rating on CPB stock. On August 25, 2021, analysts decreased their price target for CPB shares from 51 to 43.
The Average True Range (ATR) for Campbell Soup Company is set at 0.96, with the Price to Sales ratio for CPB stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 4.58, with the Price to Cash per share for the same quarter was set at 0.43. Price to Free Cash Flow for CPB in the course of the last twelve months was 37.90 with Quick ratio for the last quarter at 0.30.
CPB stock trade performance evaluation
Campbell Soup Company [CPB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.37. With this latest performance, CPB shares gained by 2.04% in over the last four-week period, additionally plugging by 8.87% over the last 6 months – not to mention a rise of 16.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CPB stock in for the last two-week period is set at 55.37, with the RSI for the last a single of trading hit 59.60, and the three-weeks RSI is set at 52.85 for Campbell Soup Company [CPB]. The present Moving Average for the last 50 days of trading for this stock 53.17, while it was recorded at 52.54 for the last single week of trading, and 50.65 for the last 200 days.
Campbell Soup Company [CPB]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Campbell Soup Company [CPB] shares currently have an operating margin of +13.70 and a Gross Margin at +30.21. Campbell Soup Company’s Net Margin is presently recorded at +8.84.
Return on Equity for this stock inclined to 23.35, with Return on Assets sitting at 6.41.
Campbell Soup Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.80.
Earnings per share (EPS) analysis for Campbell Soup Company [CPB] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CPB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Campbell Soup Company go to 4.81%.
Campbell Soup Company [CPB]: Insider Ownership positions
There are presently around $8,377 million, or 52.90% of CPB stock, in the hands of institutional investors. The top three institutional holders of CPB stocks are: VANGUARD GROUP INC with ownership of 23,851,447, which is approximately 0.826% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 17,300,029 shares of the stock with an approximate value of $919.32 million in CPB stocks shares; and STATE STREET CORP, currently with $574.09 million in CPB stock with ownership of nearly 1.737% of the company’s market capitalization.
Positions in Campbell Soup Company stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 349 institutional holders increased their position in Campbell Soup Company [NYSE:CPB] by around 16,207,014 shares. Additionally, 225 investors decreased positions by around 11,447,164 shares, while 101 investors held positions by with 129,995,176 shares. The mentioned changes placed institutional holdings at 157,649,354 shares, according to the latest SEC report filing. CPB stock had 99 new institutional investments in for a total of 4,230,793 shares, while 47 institutional investors sold positions of 954,995 shares during the same period.