Monthly Stock Report: Campbell Soup Company (CPB)
Publication Date: September 22, 2024
Company Overview
Campbell Soup Company (CPB), established in 1869 and headquartered in Camden, New Jersey, is a notable player in the packaged foods industry. The company operates through its Meals & Beverages and Snacks segments, offering a diverse range of food and beverage products, including well-known items like Campbell’s condensed soups, Swanson broth, and Pepperidge Farm snacks. With a strong presence in both retail and foodservice markets, Campbell Soup exemplifies stability within the Consumer Staples sector, driven by consistent consumer demand.
Financial Performance
Campbell Soup Company reported total revenue of approximately $9.64 billion, reflecting its substantial market presence amid a challenging economic landscape. The current stock price stands at $51.21, with analysts projecting a target high of $57.00 and a mean price of $50.72. The stock’s performance indicates a holding recommendation due to the potential for moderate upside while acknowledging the cautious market conditions. Notably, 298,105,984 shares are outstanding, with approximately 8.68% of shares held short, suggesting moderate bearish sentiment without overwhelming negative pressure from investors.
Stock Analysis
The stock’s current trading price is positioned above its fifty-day moving average of $49.10, hinting at potential bullish momentum. Over the past year, CPB has experienced a trading range with a high of $52.81 and a low of $37.94, underscoring its volatility and resilience. With a mean recommendation of 2.8 from analysts, equating to a “hold” rating, investors are encouraged to maintain their positions as the stock is poised to remain stable within the projected price range. The company’s strong revenue and market resilience underscore the potential for continued growth, especially given its proximity to historical highs.
| Metric | Value |
|---|---|
| Market Cap | $15.3b |
| Total Debt | $7.5b |
| Total Cash | $108.0m |
| Shares Outstanding | 298.1m |
| Float Shares | 190.9m |
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