Campbell Soup Company SVP Irene Chang Britt Sells 9,906 Shares (CPB)
Campbell Soup Company (NYSE:CPB) SVP Irene Chang Britt sold 9,906 shares of the stock on the open market in a transaction dated Friday, May 23rd. The stock was sold at an average price of $44.02, for a total value of $436,062.12. Following the sale, the senior vice president now directly owns 109,889 shares in the company, valued at approximately $4,837,314. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Campbell Soup Company (NYSE:CPB) traded up 1.45% on Tuesday, hitting $44.70. The stock had a trading volume of 1,032,117 shares. Campbell Soup Company has a 52-week low of $38.30 and a 52-week high of $48.08. The stock has a 50-day moving average of $44.86 and a 200-day moving average of $42.9. The company has a market cap of $14.036 billion and a P/E ratio of 26.61.
Campbell Soup Company (NYSE:CPB) last issued its quarterly earnings data on Monday, May 19th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.03. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter last year, the company posted $0.62 earnings per share. Campbell Soup Company’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that Campbell Soup Company will post $2.54 earnings per share for the current fiscal year.
CPB has been the subject of a number of recent research reports. Analysts at Morgan Stanley downgraded shares of Campbell Soup Company to an “underweight” rating in a research note on Tuesday, May 20th. They now have a $38.00 price target on the stock, up previously from $2.60. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Campbell Soup Company in a research note on Tuesday, May 20th. They now have a $45.00 price target on the stock, up previously from $43.00. Finally, analysts at Credit Suisse downgraded shares of Campbell Soup Company from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 20th. They now have a $42.00 price target on the stock, up previously from $41.00. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Campbell Soup Company has an average rating of “Hold” and an average price target of $41.45.
Campbell Soup Company (NYSE:CPB) together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.
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