Traders Buy Campbell Soup (CPB) on Weakness

Traders bought shares of Campbell Soup Company (NYSE:CPB) on weakness during trading on Thursday. $30.45 million flowed into the stock on the tick-up and $15.36 million flowed out of the stock on the tick-down, for a money net flow of $15.09 million into the stock. Of all companies tracked, Campbell Soup had the 29th highest net in-flow for the day. Campbell Soup traded down ($0.91) for the day and closed at $49.28

Several equities research analysts recently issued reports on the stock. Piper Jaffray Companies set a $49.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a research note on Tuesday, November 28th. Credit Suisse Group set a $41.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research note on Friday, November 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $53.00 price objective (down previously from $55.00) on shares of Campbell Soup in a research note on Wednesday, November 22nd. UBS reduced their price objective on shares of Campbell Soup from $42.00 to $41.00 and set a “sell” rating for the company in a research note on Wednesday, November 22nd. Finally, Morgan Stanley reduced their price objective on shares of Campbell Soup from $47.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, October 13th. Seven research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.91.

The company has a market capitalization of $14,810.04, a PE ratio of 16.76, a price-to-earnings-growth ratio of 3.74 and a beta of 0.40. The company has a quick ratio of 0.42, a current ratio of 0.77 and a debt-to-equity ratio of 1.34.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.05). The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. research analysts anticipate that Campbell Soup Company will post 2.96 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s dividend payout ratio is 48.95%.

In other news, insider Luca Mignini bought 4,300 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was purchased at an average price of $46.47 per share, with a total value of $199,821.00. Following the transaction, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Berkshire Asset Management LLC PA increased its stake in Campbell Soup by 45.3% in the third quarter. Berkshire Asset Management LLC PA now owns 12,036 shares of the company’s stock valued at $564,000 after acquiring an additional 3,750 shares during the period. Manning & Napier Advisors LLC increased its stake in Campbell Soup by 3.2% in the third quarter. Manning & Napier Advisors LLC now owns 1,201,707 shares of the company’s stock valued at $56,262,000 after acquiring an additional 37,577 shares during the period. Northern Capital Management LLC increased its stake in Campbell Soup by 235.8% in the third quarter. Northern Capital Management LLC now owns 73,810 shares of the company’s stock valued at $3,456,000 after acquiring an additional 51,830 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Campbell Soup by 6.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 133,937 shares of the company’s stock valued at $6,984,000 after acquiring an additional 8,119 shares during the period. Finally, First Trust Advisors LP increased its stake in Campbell Soup by 15.7% in the third quarter. First Trust Advisors LP now owns 431,245 shares of the company’s stock valued at $20,191,000 after acquiring an additional 58,407 shares during the period. Institutional investors own 46.33% of the company’s stock.

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Campbell Soup Company Profile

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

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