Traders Sell Shares of Campbell Soup Co. (CPB) on Strength (CPB)
Traders sold shares of Campbell Soup Co. (NYSE:CPB) on strength during trading on Wednesday. $10.76 million flowed into the stock on the tick-up and $26.65 million flowed out of the stock on the tick-down, for a money net flow of $15.89 million out of the stock. Of all equities tracked, Campbell Soup had the 0th highest net out-flow for the day. Campbell Soup traded up $0.28 for the day and closed at $60.73
Several equities analysts recently issued reports on the company. Goldman Sachs Group Inc. restated a “neutral” rating and set a $68.00 price target (up from $62.00) on shares of Campbell Soup in a research note on Friday, July 15th. Zacks Investment Research lowered Campbell Soup from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Credit Suisse Group AG restated a “sell” rating and set a $60.00 price target on shares of Campbell Soup in a research note on Thursday, July 28th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 price target on shares of Campbell Soup in a research note on Monday, May 23rd. Five equities research 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. Campbell Soup currently has a consensus rating of “Hold” and a consensus target price of $58.74.
The firm has a market cap of $18.74 billion and a price-to-earnings ratio of 27.53. The company has a 50-day moving average of $63.03 and a 200 day moving average of $62.62.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 11th were paid a $0.312 dividend. The ex-dividend date was Thursday, July 7th. This represents a $1.25 dividend on an annualized basis and a yield of 2.05%.
A number of hedge funds recently modified their holdings of the stock. Mutual of America Capital Management LLC raised its stake in shares of Campbell Soup by 0.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 20,181 shares of the company’s stock worth $1,061,000 after buying an additional 79 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Campbell Soup by 13.9% in the fourth quarter. Victory Capital Management Inc. now owns 23,845 shares of the company’s stock worth $1,253,000 after buying an additional 2,919 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Campbell Soup by 0.3% in the fourth quarter. Utah Retirement Systems now owns 31,185 shares of the company’s stock worth $1,639,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Campbell Soup by 66.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 119,262 shares of the company’s stock worth $6,267,000 after buying an additional 47,691 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Campbell Soup by 32.7% in the fourth quarter. Wells Fargo & Company MN now owns 324,728 shares of the company’s stock worth $17,064,000 after buying an additional 80,028 shares in the last quarter.
Campbell Soup Company manufactures and markets food products. The Company’s segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces.
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