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Nov 26, 2022

Campbell Soup (CPB, $53.04) meets fiscal Q4 earnings expectations; signs 12-year green energy deal

Campbell Soup Company reported fiscal Q4 earnings in line with expectations.

For the three months ending September 1st, the food company’s earnings came in at $0.56 per share, matching the consensus. The figure is above the year-ago quarter’s $0.55 per share.

 Revenue of $1.99 billion was slightly higher than the year-ago quarter’s $1.98 billion.

Earlier in the week,  Campbell Soup entered into a 12-year renewable power purchase agreement with Enel North America, effective July 2023. In a move to go greener, Campbell Soup will purchase  electricity from Enel’s Seven Cowboy wind turbine project, reducing its Scope 2 GHG emissions. Campbell intends to lower its combined Scope 1 and 2 GHG emissions 42% by 2030.

Related Ticker: CPB

Momentum Indicator for CPB turns positive, indicating new upward trend

CPB saw its Momentum Indicator move above the 0 level on February 28, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 103 similar instances where the indicator turned positive. In of the 103 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CPB's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The 50-day moving average for CPB moved above the 200-day moving average on February 22, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CPB advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

CPB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 204 cases where CPB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Moving Average Convergence Divergence Histogram (MACD) for CPB turned negative on February 05, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

CPB moved below its 50-day moving average on February 08, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CPB crossed bearishly below the 50-day moving average on February 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CPB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.347) is normal, around the industry mean (8.249). P/E Ratio (15.966) is within average values for comparable stocks, (31.322). Projected Growth (PEG Ratio) (1.545) is also within normal values, averaging (2.705). Dividend Yield (0.035) settles around the average of (0.034) among similar stocks. P/S Ratio (1.362) is also within normal values, averaging (28.007).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CPB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Mondelez International (NASDAQ:MDLZ), Kraft Heinz Company (The) (NASDAQ:KHC), General Mills (NYSE:GIS), Campbell Soup Company (NYSE:CPB), Beyond Meat (NASDAQ:BYND).

Industry description

A specialty/candy manufacturer specializes in one or more of the following: chocolate, candies, pasta, condiments, seasonings, among other items. Hershey Company, McCormick & Company and J.M. Smucker Company are some of the major firms in this segment. Demand for this industry’s products comes from both institutions/restaurants as well as households.

Market Cap

The average market capitalization across the Food: Specialty/Candy Industry is 7.95B. The market cap for tickers in the group ranges from 6.25K to 327.81B. NSRGY holds the highest valuation in this group at 327.81B. The lowest valued company is OGGFF at 6.25K.

High and low price notable news

The average weekly price growth across all stocks in the Food: Specialty/Candy Industry was -0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 46%. SMFL experienced the highest price growth at 49%, while SRKE experienced the biggest fall at -66%.

Volume

The average weekly volume growth across all stocks in the Food: Specialty/Candy Industry was -33%. For the same stocks of the Industry, the average monthly volume growth was -12% and the average quarterly volume growth was -10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 64
Price Growth Rating: 50
SMR Rating: 70
Profit Risk Rating: 78
Seasonality Score: -24 (-100 ... +100)
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CPBDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of convenience food products, such as soups and sauces, pasta, broths, vegetable-beverages, cookies and biscuits

Industry FoodSpecialtyCandy

Profile
Fundamentals
Details
Industry
Food Major Diversified
Address
1 Campbell Place
Phone
+1 856 342-4800
Employees
14500
Web
https://www.campbellsoupcompany.com
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CPB and

Correlation & Price change

A.I.dvisor indicates that over the last year, CPB has been closely correlated with GIS. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if CPB jumps, then GIS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CPB
1D Price
Change %
CPB100%
-0.26%
GIS - CPB
71%
Closely correlated
+0.17%
CAG - CPB
67%
Closely correlated
+0.57%
KHC - CPB
64%
Loosely correlated
-0.74%
SJM - CPB
60%
Loosely correlated
-0.68%
K - CPB
57%
Loosely correlated
+0.86%
More
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