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Campbell Soup Company Shares Are Up 12.14% Since The Beginning Of The Year

Campbell Soup Company (NYSE:CPB) has a beta value of 0.35 and has seen 0.73 million shares traded in the recent trading session. The company, currently valued at $14.18B, closed the recent trade at $49.08 per share which meant it gained $1.31 on the day or 2.75% during that session. The CPB stock price is -5.83% off its 52-week high price of $51.94 and 18.99% above the 52-week low of $39.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.25 million shares traded. The 3-month trading volume is 2.32 million shares.

The consensus among analysts is that Campbell Soup Company (CPB) is a Hold stock at the moment, with a recommendation rating of 3.20. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 13 out of 19 have rated it as a Hold, with 1 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is $0.55.

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Campbell Soup Company (NYSE:CPB) trade information

Sporting 2.75% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 09/20/22 when the CPB stock price touched $49.08 or saw a fall of -0.02%. Year-to-date, Campbell Soup Company shares have moved 9.92%, while the 5-day performance has seen it change 1.04%. Over the past 30 days, the shares of Campbell Soup Company (NYSE:CPB) have changed -6.90%. Short interest in the company has seen 13.75 million shares shorted with days to cover at 4.95.

Wall Street analysts have a consensus price target for the stock at $47.94, which means that the shares’ value could drop -2.38% from the levels at last check today. The projected low price target is $38.00 while the price target rests at a high of $55.00. In that case, then, we find that the latest price level in today’s session is -12.06% off the targeted high while a plunge would see the stock lose 22.58% from the levels at last check today.

Campbell Soup Company (CPB) estimates and forecasts

Figures show that Campbell Soup Company shares have underperformed across the wider relevant industry. The company’s shares have gained 12.48% over the past 6 months, with this year growth rate of 2.11%, compared to 3.50% for the industry. Revenue growth from the last financial year stood is estimated to be 0.80%.

11 analysts offering their estimates for the company have set an average revenue estimate of $1.98 billion for the current quarter. 10 have an estimated revenue figure of $2.34 billion for the next quarter concluding in Oct 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 12.80% over the past 5 years. Earnings growth for 2022 is a modest 69.70% while over the next 5 years, the company’s earnings are expected to increase by 2.64%.

CPB Dividends

Campbell Soup Company is expected to release its next earnings report between March 08 and March 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.48 at a share yield of 3.10%. The company’s dividend yield has gone up over the past 12 months.

Campbell Soup Company (NYSE:CPB)’s Major holders

Insiders own 35.69% of the company shares, while shares held by institutions stand at 52.71% with a share float percentage of 81.97%. Investors are also buoyed by the number of investors in a company, with Campbell Soup Company having a total of 834 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 23.26 million shares worth more than $1.04 billion. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 7.74% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 16.19 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $721.43 million and represent 5.39% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Mar 30, 2022, the former fund manager holds about 1.89% shares in the company for having 5.68 million shares of worth $253.36 million while later fund manager owns 4.45 million shares of worth $198.48 million as of Mar 30, 2022, which makes it owner of about 1.48% of company’s outstanding stock.

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