Campbell Soup Company Director Sells $4,617,000 in Stock (CPB)
Campbell Soup Company (NYSE:CPB) Director Charlotte C. Weber sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $46.17, for a total transaction of $4,617,000.00. Following the transaction, the director now directly owns 77,465 shares of the company’s stock, valued at approximately $3,576,559. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CPB shares. 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 issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.55.
Campbell Soup Company (NYSE:CPB) traded down 0.46% on Tuesday, hitting $45.65. 1,293,800 shares of the company’s stock traded hands. Campbell Soup Company has a 52 week low of $38.30 and a 52 week high of $48.08. The stock’s 50-day moving average is $45.13 and its 200-day moving average is $43.24. The company has a market cap of $14.330 billion and a P/E ratio of 27.69.
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. 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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