CPB Stock Summary and Trading Ideas (Campbell Soup Company | NYSE:CPB)

Over the past 150-plus years, Campbell Soup has evolved into a leading packaged food manufacturer in North America, with a portfolio that extends beyond its iconic red-and-white labeled canned soup. In fiscal 2023, snacks accounted for half of its revenue (50%), followed by soup (29%), other simple meals (13%), and beverages (8%). Outside its namesake, its brands include Pepperidge Farm, Goldfish, Snyder's of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and recently acquired Rao's (closed in March 2024). Nearly 90% of its revenue results from the US and the remainder from Canada and Latin America.

Campbell Soup Company trades on the NYSE stock market under the symbol CPB.

As of April 24, 2024, CPB stock price climbed to $45.54 with 3,276,164 million shares trading.

CPB has a beta of 0.05, meaning it tends to be less sensitive to market movements. CPB has a correlation of 0.00 to the broad based SPY ETF.

CPB has a market cap of $13.58 billion. This is considered a Large Cap stock.

Last quarter Campbell Soup Company reported $2 billion in Revenue and $.80 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.03.

In the last 3 years, CPB stock traded as high as $57.78 and as low as $37.94.

The top ETF exchange traded funds that CPB belongs to (by Net Assets): MOAT, VTI, VOO, VO, RSP.

CPB has underperformed the market in the last year with a return of -12.4%, while the SPY ETF gained +24.2%. In the last 3 month period, CPB fell short of the market, returning +3.8%, while SPY returned +4.6%. However, in the most recent 2 weeks CPB has outperformed the stock market by returning +2.5%, while SPY returned -2.7%.

CPB support price is $44.40 and resistance is $45.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CPB stock will trade within this expected range on the day.