November 28, 2016 - By Adrian Mccoy
The financial firm have set TP of $60.00 on Campbell Soup Company (NYSE:CPB) shares. This is 4.24% from the last close price. In a note revealed to clients and investors on Monday, 28 November, RBC Capital Markets reaffirmed their Sector Perform rating on shares of CPB.
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 $55.40 average target is -3.64% below today’s ($57.49) stock price. Campbell Soup has been the topic of 20 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by UBS given on Friday, September 2. The stock of Campbell Soup Company (NYSE:CPB) has “Sector Perform” rating given on Friday, September 4 by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, September 2. JP Morgan upgraded Campbell Soup Company (NYSE:CPB) on Tuesday, January 19 to “Overweight” rating. The firm has “Buy” rating given on Tuesday, December 1 by Argus Research. The stock of Campbell Soup Company (NYSE:CPB) earned “Hold” rating by Argus Research on Monday, September 19. The company was maintained on Wednesday, November 25 by Credit Suisse. On Friday, September 2 the stock rating was maintained by Citigroup with “Neutral”. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, November 23 report. UBS initiated it with “Sell” rating and $52 target price in Wednesday, February 24 report.
About 1.43M shares traded hands. 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.
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.10, from 1.05 in 2016Q1. The ratio fall, 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.
Pinebridge Invs Limited Partnership accumulated 0.02% or 6,726 shares. Perkins Coie Trust has 500 shares for 0.02% of their US portfolio. The Indiana-based First Merchants Corp has invested 0.14% in Campbell Soup Company (NYSE:CPB). Delta Lloyd Nv has 18,113 shares for 0.04% of their US portfolio. Commerzbank Aktiengesellschaft Fi has 50,582 shares for 0.02% of their US portfolio. Blair William And Il holds 0.02% or 38,963 shares in its portfolio. Hightower Advsrs Llc reported 39,500 shares or 0.03% of all its holdings. Brown Advisory has invested 0.08% of its portfolio in Campbell Soup Company (NYSE:CPB). Savings Bank reported 8,167 shares or 0.01% of all its holdings. Robeco Institutional Asset Management Bv has 0.54% invested in the company for 1.06M shares. Franklin has invested 0% of its portfolio in Campbell Soup Company (NYSE:CPB). Central Fincl Bank And Trust holds 0.1% or 5,040 shares in its portfolio. Blackrock Ltd Liability Co, a Delaware-based fund reported 235,383 shares. Nuveen Asset Management Lc holds 0% of its portfolio in Campbell Soup Company (NYSE:CPB) for 11,534 shares. Dai Ichi Life Insur, a Japan-based fund reported 36,995 shares.
Insider Transactions: Since September 2, 2016, the stock had 0 insider purchases, and 5 sales for $2.10 million net activity. Barroso Carlos sold $92,288 worth of stock or 1,600 shares. Mignini Luca also sold $651,327 worth of Campbell Soup Company (NYSE:CPB) shares. Shares for $750,620 were sold by O’Shea William J on Friday, September 2. Another trade for 8,459 shares valued at $475,734 was sold by Dunn Jeff. 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 $17.90 billion. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. It has a 27.07 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: Wsj.com, which released: “Campbell Soup Profit Higher Despite Weak Demand” on November 22, 2016. Prnewswire.com‘s article titled: “Technical Reports on Consumer Goods Stocks — Flowers Foods, ConAgra Brands …” and published on November 28, 2016 is yet another important article.
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By Adrian Mccoy