Stanley Polomski Sells 8,000 Shares of Campbell Soup (NYSE:CPB) Stock

Campbell Soup (NYSE:CPB) VP Stanley Polomski sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $43.35, for a total value of $346,800.00. Following the completion of the sale, the vice president now owns 33,162 shares in the company, valued at $1,437,572.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Campbell Soup Stock Down 1.0 %

NYSE:CPB opened at $43.05 on Friday. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 3.36 and a beta of 0.34. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.36 and a current ratio of 0.93. The stock’s fifty day moving average price is $43.84 and its two-hundred day moving average price is $49.01. Campbell Soup has a 52-week low of $40.76 and a 52-week high of $57.78.

Campbell Soup (NYSE:CPB) last released its earnings results on Thursday, August 31st. The company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.06 billion. Campbell Soup had a return on equity of 25.14% and a net margin of 9.17%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, analysts anticipate that Campbell Soup will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Campbell Soup from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Monday, August 21st. Morgan Stanley lowered their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 1st. StockNews.com assumed coverage on shares of Campbell Soup in a report on Thursday, August 17th. They set a “hold” rating for the company. TheStreet cut shares of Campbell Soup from a “b-” rating to a “c+” rating in a research note on Thursday, August 24th. Finally, 888 reaffirmed a “maintains” rating on shares of Campbell Soup in a report on Monday, June 26th. Four research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $47.21.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust raised its stake in shares of Campbell Soup by 149.8% during the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after buying an additional 358 shares during the last quarter. Gradient Investments LLC raised its position in shares of Campbell Soup by 77.7% during the 1st quarter. Gradient Investments LLC now owns 519 shares of the company’s stock valued at $29,000 after acquiring an additional 227 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Campbell Soup by 183.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the company’s stock valued at $41,000 after purchasing an additional 582 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Campbell Soup in the 1st quarter worth $43,000. Finally, WealthPlan Investment Management LLC acquired a new stake in shares of Campbell Soup during the first quarter worth $48,000. Institutional investors own 50.73% of the company’s stock.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.