In today’s session Campbell Soup Company (CPB) registered an unusually high (430) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CPB increase. With 430 contracts traded and 6794 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CPB161118C00057500 closed last at: $0.4 or 33.3% up. About 225,065 shares traded hands. Campbell Soup Company (NYSE:CPB) has declined 14.27% since March 11, 2016 and is downtrending. It has underperformed by 19.73% the S&P500.
Campbell Soup Company (NYSE:CPB) Ratings Coverage
Out of 10 analysts covering Campbell Soup (NYSE:CPB), 1 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 10% are positive. $65 is the highest target while $46 is the lowest. The $55.60 average target is 1.40% above today’s ($54.83) stock price. Campbell Soup has been the topic of 19 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Argus Research on Monday, September 19. The stock of Campbell Soup Company (NYSE:CPB) earned “Sector Perform” rating by RBC Capital Markets on Thursday, July 23. On Friday, September 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Thursday, February 18 by RBC Capital Markets. UBS maintained the shares of CPB in a report on Friday, September 2 with “Sell” rating. On Friday, September 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was upgraded on Tuesday, December 1 by Argus Research. The stock of Campbell Soup Company (NYSE:CPB) earned “Underperform” rating by Credit Suisse on Wednesday, November 25. Deutsche Bank maintained the shares of CPB in a report on Friday, August 26 with “Hold” rating. Citigroup maintained the stock with “Neutral” rating in Friday, September 2 report.
According to Zacks Investment Research, “Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. The company operates in three business segments: Soup and Sauces, Biscuits and Confectionery, and Away From Home.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.15, from 1.2 in 2016Q1. The ratio turned negative, as 48 funds sold all Campbell Soup Company shares owned while 170 reduced positions. 39 funds bought stakes while 189 increased positions. They now own 133.90 million shares or 0.46% more from 133.29 million shares in 2016Q1.
Moreover, Retirement Of Alabama has 0.04% invested in Campbell Soup Company (NYSE:CPB) for 91,412 shares. West Oak Cap Llc has 0% invested in the company for 510 shares. Cubist Systematic Strategies Limited Liability Co accumulated 6,709 shares or 0.03% of the stock. Fire Gp reported 10,000 shares or 0.27% of all its holdings. Jane Street Group Limited Co has 60,707 shares for 0.02% of their US portfolio. Pittenger And Anderson, a Nebraska-based fund reported 29,030 shares. Reilly Fincl Advsr Ltd Llc accumulated 0% or 200 shares. Livforsakringsbolaget Skandia Omsesidigt reported 20,793 shares or 0.06% of all its holdings. Johnson Fincl Group holds 0.02% or 2,127 shares in its portfolio. Pioneer Investment Management Incorporated last reported 0.51% of its portfolio in the stock. has invested 0.03% of its portfolio in Campbell Soup Company (NYSE:CPB). Invesco last reported 0.22% of its portfolio in the stock. Amica Mutual, a Rhode Island-based fund reported 14,928 shares. Aperio Grp Limited Company has 141,637 shares for 0.07% of their US portfolio. Fiera has 0% invested in the company for 8,625 shares.
Insider Transactions: Since September 2, 2016, the stock had 0 insider buys, and 5 insider sales for $2.10 million net activity. Carolan Edward sold 2,400 shares worth $130,443. Barroso Carlos sold $92,288 worth of stock. Shares for $475,734 were sold by Dunn Jeff on Thursday, September 8. $651,327 worth of Campbell Soup Company (NYSE:CPB) shares were sold by Mignini Luca. $750,620 worth of Campbell Soup Company (NYSE:CPB) was sold by O’Shea William J on Friday, September 2.
Campbell Soup Company is a food company, which makes and markets food products. The company has a market cap of $17.02 billion. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. It has a 30.4 P/E ratio. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
CPB Company Profile
Campbell Soup Company, incorporated on November 23, 1922, is a food company. The Firm is a maker and marketer of food products. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Firm makes a range of products from soups and simple meals to snacks and healthy beverages. The Company’s brands include Campbell’s, Garden Fresh Gourmet, Goldfish, Milano, Pace, Pepperidge Farm, Plum Organics, Prego, SpaghettiOs, Swanson and V8 Beverages.
More news for Campbell Soup Company (NYSE:CPB) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Campbell Soup, Interdigital and Hewlett Packard Enterprise” on October 05, 2016. Bizjournals.com‘s article titled: “Campbell’s employees leave previous roles to launch ‘startup within a large …” and published on September 28, 2016 is yet another important article.
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