Traders Buy Campbell Soup (CPB) on Weakness

Traders purchased 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 equities 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 research analysts have recently issued reports on the company. Piper Jaffray Companies set a $49.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, November 28th. UBS lowered their price objective on Campbell Soup from $42.00 to $41.00 and set a “sell” rating for the company in a research report on Wednesday, November 22nd. Morgan Stanley lowered their price objective on Campbell Soup from $47.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, October 13th. Royal Bank Of Canada lowered their price objective on Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating for the company in a research report on Friday, September 1st. Finally, Credit Suisse Group set a $41.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Seven investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.91.

The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.42 and a current ratio of 0.77. The company has a market cap of $14,975.34, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 3.79 and a beta of 0.40.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, January 9th. Campbell Soup’s dividend payout ratio is presently 48.95%.

In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $46.46, for a total transaction of $107,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luca Mignini acquired 4,300 shares of Campbell Soup stock in a transaction on Wednesday, September 27th. The shares were bought at an average cost of $46.47 per share, with a total value of $199,821.00. Following the completion of the purchase, the insider now owns 88,178 shares in the company, valued at $4,097,631.66. The disclosure for this purchase can be found here. 37.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Management Group Inc. ADV raised its stake in Campbell Soup by 0.3% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 6,119 shares of the company’s stock valued at $319,000 after acquiring an additional 21 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Campbell Soup by 1.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock valued at $240,000 after acquiring an additional 70 shares during the last quarter. MML Investors Services LLC raised its stake in Campbell Soup by 1.7% during the 2nd quarter. MML Investors Services LLC now owns 6,517 shares of the company’s stock valued at $340,000 after acquiring an additional 112 shares during the last quarter. Wesbanco Bank Inc. raised its stake in Campbell Soup by 1.5% during the 2nd quarter. Wesbanco Bank Inc. now owns 7,915 shares of the company’s stock valued at $413,000 after acquiring an additional 120 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in Campbell Soup by 1.2% during the 2nd quarter. Moors & Cabot Inc. now owns 12,250 shares of the company’s stock worth $640,000 after purchasing an additional 150 shares during the period. 46.33% of the stock is owned by hedge funds and other institutional investors.

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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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