Shares of Campbell Soup Company (NYSE:CPB) traded at a new 52-week high today of $51.87. This new high was reached on approximately average trading volume as 1.8 million shares traded hands, while the average 30-day volume is approximately 2 million shares.
With a history that dates back around 150 years, Campbell Soup is now a leading manufacturer and marketer of branded convenience food products, most notably soup. The firm's product assortment includes well-known brands like Campbell's, Pace, Prego, Swanson, V8, and Pepperidge Farm. Following the sale of its international snacking operations, which wrapped in calendar 2019, the firm derives nearly all of its sales from its home turf. Campbell has made a handful of acquisitions to reshape its product mix the past few years, including the tie-up with Snyder's-Lance (completed in March 2018), which enhances its exposure to the faster-growing on-trend snack food aisle, complementing its Pepperidge Farm lineup.
Potential upside of 5.0% exists for Campbell Soup Company, based on a current level of $51.38 and analysts' average consensus price target of $53.96.
In the past 52 weeks, shares of Campbell Soup Company have traded between a low of $39.76 and a high of $51.87 and is now at $51.38, which is 29% above that low price.
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