Campbell Soup Company (NYSE:CPB) Director Charles R. Perrin sold 2,304 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Campbell Soup Company (NYSE CPB) traded up 1.60% during mid-day trading on Tuesday, hitting $46.24. The stock had a trading volume of 2,475,163 shares. Campbell Soup Company has a one year low of $45.00 and a one year high of $64.23. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 16.00 and a beta of 0.36. The stock’s 50 day moving average price is $48.09 and its 200 day moving average price is $53.48.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. Analysts forecast that Campbell Soup Company will post $3.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.40 annualized dividend and a yield of 3.08%. Campbell Soup’s payout ratio is currently 48.44%.

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CPB has been the topic of several recent analyst reports. BidaskClub downgraded Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $55.00 price target (down from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th. Credit Suisse Group set a $50.00 price target on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, July 7th. Morgan Stanley dropped their price target on Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada set a $60.00 price target on Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Campbell Soup currently has a consensus rating of “Hold” and an average price target of $51.00.

Large investors have recently added to or reduced their stakes in the stock. Motco lifted its holdings in Campbell Soup by 301.9% during the 2nd quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after purchasing an additional 1,600 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in Campbell Soup by 19.2% during the 1st quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock worth $145,000 after purchasing an additional 408 shares during the last quarter. Mercer Capital Advisers Inc. lifted its holdings in Campbell Soup by 13.6% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock worth $176,000 after purchasing an additional 405 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Campbell Soup by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock worth $179,000 after purchasing an additional 204 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Campbell Soup by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock worth $195,000 after purchasing an additional 213 shares during the last quarter. 44.67% of the stock is owned by institutional investors and hedge funds.

About Campbell Soup

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

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