November 23, 2016 - By Clifton Ray
Credit Suisse currently has a $55.00 TP on the $18.06 billion market cap company or -2.98% downside potential. In analysts report shared with investors on 23 November, Campbell Soup (NYSE:CPB) stock had its Underperform Rating reaffirmed by research professionals at Credit Suisse.
Out of 10 analysts covering Campbell Soup (NYSE:CPB), 1 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 10% are positive. $65 is the highest target while $46 is the lowest. The $55.60 average target is -1.92% below today’s ($56.69) stock price. Campbell Soup has been the topic of 19 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Thursday, February 18 with “Hold”. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, January 19. The stock has “Neutral” rating given by Citigroup on Friday, September 2. The stock has “Hold” rating given by Deutsche Bank on Friday, August 26. On Friday, September 4 the stock rating was upgraded by Citigroup to “Neutral”. RBC Capital Markets maintained the shares of CPB in a report on Thursday, July 23 with “Sector Perform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, February 18 report. RBC Capital Markets maintained it with “Sector Perform” rating and $58 target price in Friday, September 2 report. UBS initiated Campbell Soup Company (NYSE:CPB) rating on Wednesday, February 24. UBS has “Sell” rating and $52 price target. The firm has “Sell” rating given on Friday, September 2 by UBS.
About 1.99 million shares traded hands. Campbell Soup Company (NYSE:CPB) has declined 4.70% since April 21, 2016 and is downtrending. It has underperformed by 10.03% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.10, from 1.05 in 2016Q1. The ratio is negative, as 48 funds sold all Campbell Soup Company shares owned while 170 reduced positions. 39 funds bought stakes while 189 increased positions. They now own 133.90 million shares or 0.46% more from 133.29 million shares in 2016Q1.
Lsv Asset Mgmt last reported 12,587 shares in the company. Guardian Life Insur Of America accumulated 0% or 665 shares. Telemus Capital Ltd Liability Com accumulated 0.08% or 9,235 shares. The Connecticut-based Westport Management has invested 0.02% in Campbell Soup Company (NYSE:CPB). Peoples Services has invested 0.02% of its portfolio in Campbell Soup Company (NYSE:CPB). Credit Agricole S A reported 305,458 shares or 0.08% of all its holdings. Keybank Natl Association Oh accumulated 12,300 shares or 0.01% of the stock. Tci Wealth holds 0% of its portfolio in Campbell Soup Company (NYSE:CPB) for 97 shares. Finemark Bank & has 13,155 shares for 0.1% of their US portfolio. Pioneer Inv Management has 0.51% invested in the company for 2.13 million shares. Mckinley Capital Management Ltd Co Delaware reported 70 shares or 0% of all its holdings. Principal Grp Inc last reported 0.03% of its portfolio in the stock. Fairfield Bush & Communication owns 4,100 shares or 0.09% of their US portfolio. Charter Tru Company has 0.06% invested in the company for 7,885 shares. Fred Alger accumulated 186 shares or 0% of the stock.
Insider Transactions: Since September 2, 2016, the stock had 0 insider purchases, and 5 insider sales for $2.10 million net activity. 1,600 shares were sold by Barroso Carlos, worth $92,288. O’Shea William J sold 13,000 shares worth $750,620. $475,734 worth of Campbell Soup Company (NYSE:CPB) shares were sold by Dunn Jeff. 11,255 shares with value of $651,327 were sold by Mignini Luca on Tuesday, September 6. Carolan Edward also sold $130,443 worth of Campbell Soup Company (NYSE:CPB) on Friday, September 30.
Campbell Soup Company is a food company, which makes and markets food products. The company has a market cap of $18.06 billion. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. It has a 26.69 P/E ratio. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
According to Zacks Investment Research, “Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. The company operates in three business segments: Soup and Sauces, Biscuits and Confectionery, and Away From Home.”
Campbell Soup Company, incorporated on November 23, 1922, is a food company. The Firm is a maker and marketer of food products. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Firm makes a range of products from soups and simple meals to snacks and healthy beverages. The Company’s brands include Campbell’s, Garden Fresh Gourmet, Goldfish, Milano, Pace, Pepperidge Farm, Plum Organics, Prego, SpaghettiOs, Swanson and V8 Beverages.
More news for Campbell Soup Company (NYSE:CPB) were recently published by: Bizjournals.com, which released: “Campbell’s investing $32M in San Francisco company set to launch in 2017” on October 25, 2016. Etfdailynews.com‘s article titled: “Can Campbell Soup Turn Things Around In Its Next Report?” and published on November 14, 2016 is yet another important article.
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By Clifton Ray