November 28, 2016 - By Louis Casey
An insider Tracey Travis who is director of Campbell Soup Co made a sale of 2,771 shares of the public firm having a total value of $158,058 U.S. Dollars based on an average price of $57.0 per each share. And, It’s sure Tracey’s stocks unloading isn’t going to stay unnoticed as she right now is owning 11,625 shares – ( 0.00% of Campbell Soup Co’s Market Cap ). Published November 28, 2016, you can find out more about the deal by accessing the following original 4F filing here.
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 -3.24% below today’s ($57.46) stock price. Campbell Soup has been the topic of 21 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded the shares of CPB in a report on Friday, January 15 to “Underweight” rating. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, January 19. UBS maintained the stock with “Sell” rating in Friday, September 2 report. The stock of Campbell Soup Company (NYSE:CPB) earned “Sell” rating by UBS on Wednesday, February 24. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, November 23 report. The company was maintained on Wednesday, November 25 by Credit Suisse. RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) on Friday, September 2 with “Sector Perform” rating. The stock of Campbell Soup Company (NYSE:CPB) earned “Sector Perform” rating by RBC Capital Markets on Thursday, July 23. Deutsche Bank maintained Campbell Soup Company (NYSE:CPB) on Thursday, February 18 with “Hold” rating. The firm earned “Neutral” rating on Friday, September 4 by Citigroup.
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.10, from 1.05 in 2016Q1. The ratio dropped, 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.
Blackrock Institutional Trust Company Na accumulated 5.62M shares or 0.06% of the stock. Conning Inc last reported 0.01% of its portfolio in the stock. Private Advisor Lc accumulated 0.02% or 7,843 shares. Legg Mason Asset Management (Japan) Ltd accumulated 0.93% or 13,000 shares. Cypress Cap last reported 57,937 shares in the company. Arcadia Inv Mgmt Corp Mi has 0.02% invested in the company for 960 shares. Liberty Mutual Asset Mgmt owns 12,102 shares or 0.03% of their US portfolio. Advisor Prtnrs Limited Com, a California-based fund reported 6,884 shares. Clarivest Asset Management Ltd Liability holds 1.25% of its portfolio in Campbell Soup Company (NYSE:CPB) for 630,720 shares. Bnp Paribas Arbitrage Sa reported 252,977 shares or 0.08% of all its holdings. Credit Agricole S A last reported 0.08% of its portfolio in the stock. Mycio Wealth Prtnrs Ltd Llc last reported 9,820 shares in the company. Geode Cap Limited Liability Company owns 1.98 million shares or 0.07% of their US portfolio. Ent Financial Services last reported 794 shares in the company. Fayez Sarofim And has 0% invested in the company for 9,100 shares.
Insider Transactions: Since September 2, 2016, the stock had 0 insider buys, and 5 sales for $2.10 million net activity. The insider Mignini Luca sold $651,327. The insider Carolan Edward sold 2,400 shares worth $130,443. 8,459 shares with value of $475,734 were sold by Dunn Jeff on Thursday, September 8. 13,000 shares were sold by O’Shea William J, worth $750,620. Barroso Carlos sold 1,600 shares worth $92,288.
About 2.52M shares traded hands or 14.55% up from the average. Campbell Soup Company (NYSE:CPB) has declined 5.77% since April 25, 2016 and is downtrending. It has underperformed by 11.78% the S&P500.
Campbell Soup Company is a food company, which makes and markets food products. The company has a market cap of $17.86 billion. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. It has a 27.01 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.”
Another recent and important Campbell Soup Company (NYSE:CPB) news was published by Businessinsider.com which published an article titled: “How the former CEO of Campbell Soup used a skill taught in kindergarten to ..” on November 23, 2016.
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.
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By Louis Casey