Shares are trading at $51.65 barely below the 50 day moving average of $56.39 and slightly below the 200 day moving average of $58.74. The 50 day moving average was down by -9.021% and the 200 day average was down $-7.43. (NYSE:CPB) shares saw heavy trading volume with 2,252K shares changing hands by the end of trading on Wednesday. Trading volume was up 13.01% over the stocks average daily volume.
There has been some buying and selling insider activity on Campbell Soup Company (NYSE:CPB) recently. Director Bennett Dorrance bought 915,766 shares at an average price of $57.34 on Thu the 30th. Dorrance now owns $79,510,110 of stock as recorded in a recent Form 4 SEC filing. Carlos Barroso, Sr VP sold $556,200 worth of shares at an average price of $60.92 on January 4th. That brings the Sr VP’s holdings to $2,118,432 per an SEC filing yesterday.
Sr VP Carlos Barroso let go of 1,000 shares at an average price of $60.31 on Wed the 21st. That brings Barroso’s holdings to $2,036,066 as reported to the SEC.
Here are a few other firms who have also updated their positions. As of quarter end Gateway Investment Advisers LLC had disposed of a total of 130 shares trimming its position 1.0%. The value of the investment in Campbell Soup Company decreased from $730,000 to $658,000 a change of 9.9% since the last quarter. As of the end of the quarter Gw&k Investment Management, LLC had bought 527 shares growing its stake by 3.1%. The value of the investment in (CPB) went from $958,000 to $900,000 decreasing 6.1% for the reporting period.
Marshwinds Advisory Co downsized its ownership by shedding 1 shares a decrease of 0.0% as of 06/30/2017. Marshwinds Advisory Co now controls 6,350 shares valued at $331,000. The total value of its holdings decreased 9.1%. Central Bank & Trust Co reduced its stake by selling 81 shares a decrease of 40.5% from 03/31/2017 to 06/30/2017. Central Bank & Trust Co now holds 119 shares worth $6,000. The value of the position overall is down by 45.5%.
July 7 investment analysts at Credit Suisse held the stock rating at “Underperform” but moved down the price target to $50.00 from $55.00. On May 25, 2017 PiperJaffray released its first research report on the stock by announcing an initial rating of “Neutral”.
On November 23 Credit Suisse made no change to the stock rating of “Underperform” and lowered the price expectation from $57.00 to $55.00. On September 19, 2016 the stock rating was set at “Hold” by Argus Research down from the previous “Buy” rating.
September 2 investment analysts at Citigroup held the company rating at “Neutral” but raised the price expectation from $50.00 to $63.00. August 26 investment analysts at Deutsche Bank left the stock rating at “Hold” and moved up the price target to $61.00 from $57.00.
The company is up since yesterday’s close of $51.11. Campbell Soup Company also recently announced a dividend for shareholders which will be paid on Monday the 31st of July 2017. The dividend payment will be $0.350 per share for the quarter which comes to $1.40 on an annualized basis. This dividend amount will represent a yeild of $2.71. The ex-dividend date will be Monday the 10th of April 2017.
The most current P/E ratio is 32.390 and market capitalization is 15.55B. As of the last earnings report the EPS was $1.58 and is expected to be $3.05 for the current year with 303,065,000 shares outstanding. Analysts expect next quarter’s EPS to be $1.05 with next year’s EPS projected to be $3.20.
Campbell Soup Company, launched on November 23, 1922, is a food company. The Company is a manufacturer and marketer of food products. The Business’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Company makes a range of products from soups and simple meals to snacks and healthy beverages. The Business’s brands include Campbell’s, Garden Fresh Gourmet, Goldfish, Milano, Pace, Pepperidge Farm, Plum Organics, Prego, SpaghettiOs, Swanson and V8 Beverages..Advertisement