campbellsoup
Key Points Campbell Soup Company had a solid quarter but not enough to impress the analysts.The cash flow is strong, and the capital returns are safe for 2023.The stock may already be at the bottom, but investors should wait for the market to confirm it.5 stocks we like better than Campbell SoupCampbell Soup Company (NYSE:CPB) fell more than 6.5% following its Q3 report for no good reason. The company’s results were better than expected, and the guidance was reaffirmed and might be considered cautious. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in you...
ValueWalk
Food and beverage maker Campbell Soup Company (NYSE:CPB) shares are attempting to stage a breakout after bouncing off the $40.00 support level. The grocery stockpiling phenomena of the pandemic may have dissipated, but the demand for groceries have continued to strengthen amid inflationary pressures and supply chain disruption. Logistics pressures stemming from rising freight costs have been passed onto consumers with higher prices which have improved margins for producers and distributors. The Company has stated that second half financial performance is expected to improve as its recent price...
ValueWalk
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