In a filing, Campbell Soup Company revealed its Executive Vice President Sanzio Anthony unloaded Company’s shares for reported $0.17 million on Oct 03. In the deal valued at $47.35 per share,3,600 shares were sold. As a result of this transaction, Sanzio Anthony now holds 14,445 shares worth roughly $ 0.74 million.
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Then, Ciongoli Adam G. sold 18,321 shares, generating $916,061 in total proceeds. Upon selling the shares at $50.00, the Executive Vice President now owns 111,598 shares.
Before that, Ciongoli Adam G. sold 17,924 shares. Campbell Soup Company shares valued at $896,379 were divested by the Executive Vice President at a price of $50.01 per share. As a result of the transaction, Ciongoli Adam G. now holds 129,919 shares, worth roughly $6.64 million.
UBS initiated its Campbell Soup Company [CPB] rating to a Sell in a research note published on Monday, March 30, 2022; the price target was $42. PT values the company’s stock at a premium of -21.71 to its Monday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Sector perform”. Piper Sandler also remained covering CPB and has decreased its forecast on August 25, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on May 24, 2021. It rated CPB as “a Hold” which previously was an “a Buy”.
Price Performance Review of CPB
On Monday, Campbell Soup Company [NYSE:CPB] saw its stock jump 0.57% to $51.12. On the same session, the stock had its day’s lowest price of $50.57, but rose to a high of $51.50. Over the last five days, the stock has lost -3.38%. Campbell Soup Company shares have risen nearly 17.63% since the year began. Nevertheless, the stocks have risen 25.51% over the past one year. While a 52-week high of $53.28 was reached on 11/01/22, a 52-week low of $39.85 was recorded on 03/10/22. SMA at 50 days reached $49.31, while 200 days put it at $47.35. A total of 2.23 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For CPB Stock
The 24-hour chart illustrates a support level at 50.63, which if violated will result in even more drops to 50.13. On the upside, there is a resistance level at 51.56. A further resistance level may holdings at 51.99. The Relative Strength Index (RSI) on the 14-day chart is 54.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.85%. Stochastics %K at 37.89% indicates the stock is a holding.
How much short interest is there in Campbell Soup Company?
A steep rise in short interest was recorded in Campbell Soup Company stocks on Jul 14, 2022, dropping by -2.65 million shares to a total of 13.75 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 16.4 million shares. There was a decline of -19.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.11% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.95.
Campbell Soup Company [CPB] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 22,610,042 shares, or roughly 7.55% of the outstanding CPB shares. In other words, the investor’s shares have risen by 156,832 from its previous 13-F filing of 22453210.0. Additionally, SSgA Funds Management, Inc. increased 3.50% of its stake after which the total value it holdings stand at $594,131,698, while BlackRock Fund Advisors reduced -1.21% of its stake to hold $508.56 million in the firm. Over the last quarter, Beutel, Goodman & Co. Ltd. sold -499,854 shares of Campbell Soup Company, while Invesco Capital Management LLC sold 286,287 shares. At present, T. Rowe Price Associates, Inc. is holding 5,076,610 shares valued at $239.21 million. Brandywine Trust Co. LLC owned 4,198,268 shares of the company at the time of its most recent 13F filing, worth $197.82 million.
According to FactSet, Campbell Soup Company’s share price will average $48.06 in the next year, based on opinions of analysts polled by the firm. This is down nearly -5.57 percent from its previous closing price of $50.83. Analysts expect Campbell Soup Company stock to reach the higher price of $55.00, while the lowest price estimate is $39.00. However, 19 analysts have rated CPB stock as a Hold in their predictions for 2022. The most recent change occurred on October 19, 2020 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $52 price target.