Campbell Soup Target of Unusually High Options Trading (CPB)

Campbell Soup (NYSE:CPB) saw unusually large options trading activity on Wednesday. Investors bought 5,925 put options on the stock. This is an increase of 1,268% compared to the average volume of 433 put options.

In related news, SVP Carlos Barroso sold 4,300 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $48.86, for a total transaction of $210,098.00. Following the sale, the senior vice president now owns 29,119 shares in the company, valued at approximately $1,422,754.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Carolan sold 6,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $48.15, for a total transaction of $312,975.00. Following the sale, the insider now owns 41,506 shares in the company, valued at approximately $1,998,513.90. The disclosure for this sale can be found here. Insiders have sold 15,284 shares of company stock worth $741,399 over the last ninety days. Insiders own 37.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CPB. First Personal Financial Services raised its stake in shares of Campbell Soup by 180.9% during the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after acquiring an additional 1,724 shares during the last quarter. Cordasco Financial Network bought a new position in shares of Campbell Soup during the fourth quarter valued at $144,000. Meeder Asset Management Inc. bought a new position in shares of Campbell Soup during the third quarter valued at $175,000. Victory Capital Management Inc. raised its stake in shares of Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after acquiring an additional 213 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its stake in shares of Campbell Soup by 6.3% during the second quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock valued at $201,000 after acquiring an additional 227 shares during the last quarter. 46.05% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on CPB. Royal Bank of Canada reiterated a “hold” rating and set a $53.00 price target (down previously from $55.00) on shares of Campbell Soup in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. reiterated a “hold” rating and set a $50.00 price target on shares of Campbell Soup in a research report on Friday, December 15th. Credit Suisse Group set a $41.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Citigroup upgraded shares of Campbell Soup from a “neutral” rating to a “buy” rating and increased their price target for the stock from $45.51 to $57.00 in a research report on Tuesday. Finally, Piper Jaffray Companies set a $50.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Campbell Soup has a consensus rating of “Hold” and a consensus target price of $50.08.

Shares of Campbell Soup (NYSE:CPB) opened at $47.39 on Friday. Campbell Soup has a 52-week low of $44.99 and a 52-week high of $64.23. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39. The firm has a market cap of $14,250.00, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 3.69 and a beta of 0.39.

Campbell Soup (NYSE:CPB) last issued its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business earned $1.00 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. equities research analysts expect that Campbell Soup will post 2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, January 9th. Campbell Soup’s payout ratio is currently 48.95%.

Campbell Soup declared that its board has initiated a stock buyback plan on Monday, December 18th that allows the company to buyback shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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Campbell Soup Company Profile

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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