Insider Selling: Campbell Soup Company Director Unloads 6,149 Shares of Stock (CPB)
Campbell Soup Company (NYSE:CPB) Director Paul R. Charron sold 6,149 shares of Campbell Soup Company stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $45.57, for a total transaction of $280,209.93. Following the sale, the director now directly owns 18,369 shares in the company, valued at approximately $837,075. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on CPB. Analysts at Zacks reiterated a “neutral” rating on shares of Campbell Soup Company in a research note on Friday. They now have a $47.00 price target on the stock. Separately, 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. Finally, 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. 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. The company has an average rating of “Hold” and an average target price of $41.55.
Shares of Campbell Soup Company (NYSE:CPB) traded down 0.15% during mid-day trading on Tuesday, hitting $45.40. The stock had a trading volume of 1,003,677 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 $44.93 and a 200-day moving average of $43.0. The company has a market cap of $14.256 billion and a P/E ratio of 27.46.
Campbell Soup Company (NYSE:CPB) last issued its quarterly earnings data on Monday, May 19th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Campbell Soup Company will post $2.54 earnings per share for the current fiscal year.
Campbell Soup Company (NYSE:CPB) together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.
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