Investors Sell Campbell Soup Company (NYSE:CPB) on Strength (NYSE:CPB)
Traders sold shares of Campbell Soup Company (NYSE:CPB) on strength during trading on Thursday. $8.44 million flowed into the stock on the tick-up and $22.66 million flowed out of the stock on the tick-down, for a money net flow of $14.22 million out of the stock. Of all companies tracked, Campbell Soup had the 13th highest net out-flow for the day. Campbell Soup traded up $0.04 for the day and closed at $53.25
Several research firms recently commented on CPB. Barclays PLC reiterated a “sell” rating on shares of Campbell Soup in a research note on Tuesday, July 25th. Credit Suisse Group set a $47.00 price target on Campbell Soup and gave the stock a “sell” rating in a research note on Sunday, July 23rd. Zacks Investment Research lowered Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $60.00 price target on Campbell Soup and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Finally, Morgan Stanley dropped their price target on Campbell Soup from $55.00 to $52.00 and set an “underweight” rating for the company in a research note on Tuesday, July 18th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.24.
The firm has a 50 day moving average of $52.42 and a 200 day moving average of $57.04. The company has a market capitalization of $16.14 billion, a P/E ratio of 33.62 and a beta of 0.34.
Campbell Soup (NYSE:CPB) last posted its earnings results on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Campbell Soup had a net margin of 6.17% and a return on equity of 59.83%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business earned $0.65 earnings per share. Campbell Soup’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts expect that Campbell Soup Company will post $3.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 13th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, July 11th. This represents a $1.40 annualized dividend and a yield of 2.63%. Campbell Soup’s dividend payout ratio (DPR) is currently 88.05%.
A number of institutional investors have recently bought and sold shares of CPB. BlackRock Inc. raised its position in Campbell Soup by 2,522.6% in the first quarter. BlackRock Inc. now owns 14,676,936 shares of the company’s stock valued at $840,105,000 after buying an additional 14,117,312 shares during the period. Waldron LP raised its position in Campbell Soup by 9,981.3% in the first quarter. Waldron LP now owns 3,730,196 shares of the company’s stock valued at $225,418,000 after buying an additional 3,693,195 shares during the period. Schroder Investment Management Group raised its position in Campbell Soup by 97.2% in the first quarter. Schroder Investment Management Group now owns 2,917,189 shares of the company’s stock valued at $166,601,000 after buying an additional 1,438,025 shares during the period. Alliancebernstein L.P. raised its position in Campbell Soup by 33.3% in the first quarter. Alliancebernstein L.P. now owns 3,333,547 shares of the company’s stock valued at $190,812,000 after buying an additional 833,687 shares during the period. Finally, LSV Asset Management bought a new position in Campbell Soup during the second quarter valued at $35,597,000. Institutional investors own 43.84% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/10/investors-sell-campbell-soup-company-nysecpb-on-strength-nysecpb.html.
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.
Receive News & Ratings for Campbell Soup Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Company and related companies with MarketBeat.com's FREE daily email newsletter.