Insider Selling: Campbell Soup (CPB) Insider Sells 6,500 Shares of Stock

Campbell Soup (NYSE:CPB) insider Edward Carolan sold 6,500 shares of Campbell Soup stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total value of $312,975.00. Following the completion of the transaction, the insider now owns 41,506 shares in the company, valued at approximately $1,998,513.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Campbell Soup (NYSE CPB) traded down $0.24 during trading on Friday, hitting $45.51. The company had a trading volume of 2,164,729 shares, compared to its average volume of 2,231,170. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39. Campbell Soup has a 12-month low of $44.99 and a 12-month high of $64.23. The firm has a market capitalization of $13,752.77, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 3.60 and a beta of 0.39.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the firm earned $1.00 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. analysts expect that Campbell Soup will post 2.95 EPS for the current fiscal year.

Campbell Soup announced that its board has approved a share buyback program on Monday, December 18th that permits the company to buyback shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, January 9th. Campbell Soup’s dividend payout ratio (DPR) is 48.95%.

Several institutional investors have recently added to or reduced their stakes in the stock. Hexavest Inc. lifted its holdings in shares of Campbell Soup by 15,248.8% during the fourth quarter. Hexavest Inc. now owns 733,675 shares of the company’s stock worth $35,297,000 after purchasing an additional 728,895 shares during the period. Adams Asset Advisors LLC acquired a new position in Campbell Soup in the fourth quarter valued at approximately $6,503,000. AXA lifted its holdings in Campbell Soup by 2,043.4% in the third quarter. AXA now owns 620,342 shares of the company’s stock valued at $29,044,000 after acquiring an additional 591,400 shares during the period. Robinson Value Management Ltd. lifted its holdings in Campbell Soup by 8.0% in the third quarter. Robinson Value Management Ltd. now owns 22,073 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,630 shares during the period. Finally, Americafirst Capital Management LLC acquired a new position in Campbell Soup in the third quarter valued at approximately $618,000. 46.04% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on CPB shares. Royal Bank of Canada set a $56.00 target price on Campbell Soup and gave the company a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group set a $41.00 target price on Campbell Soup and gave the company a “sell” rating in a research note on Friday, November 24th. Piper Jaffray Companies set a $50.00 target price on Campbell Soup and gave the company a “hold” rating in a research note on Wednesday, October 11th. UBS Group cut their target price on Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a research note on Thursday, November 9th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $50.00 price target on shares of Campbell Soup in a research note on Friday, December 15th. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.83.

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About Campbell Soup

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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