Campbell Soup (NYSE:CPB) insider Luca Mignini bought 4,400 shares of Campbell Soup stock in a transaction on Wednesday, February 21st. The stock was acquired at an average cost of $45.53 per share, for a total transaction of $200,332.00. Following the acquisition, the insider now owns 87,814 shares in the company, valued at approximately $3,998,171.42. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Campbell Soup (CPB) traded up $0.16 during midday trading on Friday, hitting $44.12. The company had a trading volume of 2,462,813 shares, compared to its average volume of 3,162,778. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.39 and a current ratio of 0.64. Campbell Soup has a 12 month low of $42.82 and a 12 month high of $59.94. The firm has a market cap of $13,214.68, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 3.12 and a beta of 0.32.
Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Friday, February 16th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.19. Campbell Soup had a return on equity of 54.10% and a net margin of 13.41%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the business posted $0.91 EPS. Campbell Soup’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts anticipate that Campbell Soup will post 3.1 EPS for the current year.
Campbell Soup announced that its board has authorized a stock buyback plan on Monday, December 18th that permits the company to buyback outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Personal Financial Services boosted its holdings in shares of Campbell Soup by 180.9% during the 3rd quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after acquiring an additional 1,724 shares in the last quarter. Cordasco Financial Network acquired a new stake in shares of Campbell Soup during the 4th quarter valued at $144,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Campbell Soup by 199.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,998 shares of the company’s stock valued at $144,000 after acquiring an additional 1,998 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at $175,000. Finally, Confluence Wealth Management LLC acquired a new stake in shares of Campbell Soup during the 4th quarter valued at $207,000. 49.17% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on CPB shares. UBS Group reduced their target price on Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a report on Thursday, November 9th. Citigroup reaffirmed a “neutral” rating and issued a $54.00 target price (up previously from $50.00) on shares of Campbell Soup in a report on Wednesday, December 20th. Royal Bank of Canada reduced their target price on Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating on the stock in a report on Monday, November 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $48.00 target price (down previously from $50.00) on shares of Campbell Soup in a report on Tuesday. Finally, Piper Jaffray Companies set a $49.00 target price on Campbell Soup and gave the company a “hold” rating in a report on Tuesday, November 28th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $49.36.
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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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