Beutel, Goodman & Co. Ltd. has recently announced that it has increased stake in Campbell Soup Co. (NYSE:CPB) by 0.03%. After grabbing 5.28 million shares, the institutional investor is now in possession of 1555.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 1.77% having worth around $228.09 million. Moreover, Invesco Capital Management LLC increased its share by 0.34 million to have a control over 4.65 million shares. And Geode Capital Management LLC raised its holdings to 29846.0 shares by acquiring 4.52 million shares or 1.52% of the stake.
Campbell Soup Co. (CPB) concluded trading on Wednesday at a closing price of $44.12, with 3.03 million shares of worth about $133.48 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.65% during that period and On Wednesday, January 24 the price saw a loss of about -0.29%. Currently the company’s common shares owned by public are about 298.00M shares, out of which, 196.78M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 50 times over the past 12 months. They bought 596,431 shares in 36 of the transactions. In 14 selling transactions, insiders dumped 306,792 shares.
VanEck Morningstar Wide Moat ETF, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Campbell Soup Co. VanEck Morningstar Wide Moat ETF is currently holding 6.92 million shares of worth totaling $299.22 million. The company recently came buying 17632.0 shares which brought its stake up to 2.32% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 4641.0 shares, after which its hold over company’s outstanding shares expand to 2.04%, leaving 6.07 million shares with the mutual fund that have a worth of about $262.26 million. Vanguard 500 Index Fund, after selling 4.8 million shares, have now control over 1.61% of the stake in the company. It holds 1865.0 shares of worth $207.4 million.
However, the stock later moved at a day high price of 44.58, or with a loss of -0.29%. Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of 3.16%. Year-to-date (YTD), CPB shares are showing a performance of 2.06% which decreased to -14.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.94 but also hit the highest price of $56.04 during that period. The average intraday trading volume for Campbell Soup Co. shares is 2.83 million. The stock is currently trading 1.11% above its 20-day simple moving average (SMA20), while that difference is up 3.66% for SMA50 and it goes to -2.35% lower than SMA200.
Beutel, Goodman & Co. Ltd. acquired 5.28 million shares of Campbell Soup Co. having value of about $228.09 million. Data submitted at the U.S SEC by Beutel, Goodman & Co. Ltd. revealed that the firm now holds 1555.0 shares in the company valued at close to $68606.6, or have control over 0.03% stake in the company. Campbell Soup Co. (NYSE: CPB) currently have 298.00M outstanding shares and institutions hold larger chunk of about 53.70% of that. Holding of mutual funds in the company is about 30.21% while other institutional holders and individual stake holders have control over 61.08% and 23.69% of the stake respectively.
The stock has a current market capitalization of $13.15B and its 3Y-monthly beta is at 0.24. PE ratio of stock for trailing 12 months is 16.65, while it has posted earnings per share of $2.65 in the same period. Its PEG reads 3.27 and has Quick Ratio of 0.39 while making debt-to-equity ratio of 1.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CPB, volatility over the week remained 1.70% while standing at 1.70% over the month.
Analysts are in expectations that Campbell Soup Co. (CPB) stock would likely to be making an EPS of $0.77 in the current quarter, while forecast for next quarter EPS is $0.75 and it is $3.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.73 which is $0.82 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.8 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.29% while it is estimated to increase by 5.43% in next year. EPS is likely to shrink at an annualized rate of 5.09% for next 5-years, compared to annual growth of 26.96% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on December 12, 2023 offering an Equal weight rating for the stock and assigned a target price of $47 to it.
