Campbell Soup Company Director Sells $850,361 in Stock (CPB)
Campbell Soup Company (NYSE:CPB) Director Charles R. Perrin unloaded 18,450 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $46.09, for a total transaction of $850,360.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Campbell Soup Company (NYSE:CPB) traded down 0.06% during mid-day trading on Friday, hitting $46.34. 612,240 shares of the company’s stock traded hands. Campbell Soup Company has a one year low of $38.30 and a one year high of $48.08. The stock’s 50-day moving average is $45.05 and its 200-day moving average is $43.12. The company has a market cap of $14.551 billion and a price-to-earnings ratio of 28.00.
Campbell Soup Company (NYSE:CPB) last posted its quarterly earnings results 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. Analysts expect that Campbell Soup Company will post $2.54 EPS for the current fiscal year.
CPB has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Campbell Soup Company in a research note on Friday, May 30th. 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 analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.55.
Campbell Soup Company (NYSE:CPB) together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.
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