Campbell Soup Target of Unusually Large Options Trading (CPB)
Shares of Campbell Soup (NYSE:CPB) saw some unusual options trading on Friday. Traders acquired 3,428 put options on the stock, ARN reports. This is an increase of approximately 136% compared to the average volume of 1,451 put options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Campbell Soup in a research note to investors on Friday, December 27th. They now have a $39.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Campbell Soup in a research note to investors on Tuesday, December 3rd. They now have a $40.00 price target on the stock, down previously from $45.00. Finally, analysts at RBC Capital initiated coverage on shares of Campbell Soup in a research note to investors on Tuesday, November 26th. They set a “sector perform” rating and a $41.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Campbell Soup currently has an average rating of “Hold” and an average target price of $41.00.
Shares of Campbell Soup (NYSE:CPB) traded down 1.44% during mid-day trading on Friday, hitting $42.42. 2,342,658 shares of the company’s stock traded hands. Campbell Soup has a one year low of $34.84 and a one year high of $48.83. The stock’s 50-day moving average is $41.13 and its 200-day moving average is $43.21. The company has a market cap of $13.363 billion and a P/E ratio of 35.48.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.87 by $0.21. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Monday, January 27th. Investors of record on Tuesday, January 7th will be paid a dividend of 0.312 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, January 3rd.
Campbell Soup Company (NYSE:CPB), together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.
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