What Next for Campbell Soup Company Stock After Today’s Bullish Options Activity?


 What Next for Campbell Soup Company Stock After Today's Bullish Options Activity?

In today’s session Campbell Soup Company (CPB) registered an unusually high (1,603) 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 1,603 contracts traded and 14584 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CPB161118C00055000 closed last at: $1.15 or 11.5% down. About 1.61M shares traded hands. Campbell Soup Company (NYSE:CPB) has declined 15.68% since March 15, 2016 and is downtrending. It has underperformed by 21.16% 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. Campbell Soup has been the topic of 19 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Thursday, February 18 by Deutsche Bank. The stock of Campbell Soup Company (NYSE:CPB) has “Overweight” rating given on Tuesday, January 19 by JP Morgan. The stock of Campbell Soup Company (NYSE:CPB) earned “Hold” rating by Deutsche Bank on Friday, August 26. The firm has “Sector Perform” rating given on Thursday, July 23 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 4. The company was downgraded on Friday, January 15 by Barclays Capital. The rating was upgraded by Argus Research on Tuesday, December 1 to “Buy”. RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) rating on Friday, September 2. RBC Capital Markets has “Sector Perform” rating and $58 price target. The rating was maintained by RBC Capital Markets on Thursday, February 18 with “Sector Perform”. As per Friday, September 2, the company rating was maintained by UBS.

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 is 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.
The California-based Schwab Charles Investment Mgmt Incorporated has invested 0.05% in Campbell Soup Company (NYSE:CPB). Pictet Asset owns 155,606 shares or 0.04% of their US portfolio. Glenmede Na holds 0.32% or 791,941 shares in its portfolio. Pinnacle Assoc Ltd accumulated 0.01% or 6,074 shares. Qs Investors Ltd Llc has 0.18% invested in the company for 319,686 shares. Scotia Cap accumulated 0.05% or 37,527 shares. Mycio Wealth accumulated 9,820 shares or 0.11% of the stock. Moreover, Ubs Asset Mngmt Americas has 0.08% invested in Campbell Soup Company (NYSE:CPB) for 1.05M shares. Deere & Com, a Illinois-based fund reported 13,910 shares. Tortoise Mgmt Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Destination Wealth Mgmt accumulated 29,778 shares or 0.16% of the stock. Conning Inc last reported 0.01% of its portfolio in the stock. Valley National Advisers Inc last reported 48,140 shares in the company. C M Bidwell Assoc Limited holds 4,565 shares or 0.08% of its portfolio. Telemus Capital has 0.08% invested in the company for 9,235 shares.

Insider Transactions: Since September 2, 2016, the stock had 0 insider buys, and 5 sales for $2.10 million net activity. Dunn Jeff sold 8,459 shares worth $475,734. The insider Carolan Edward sold 2,400 shares worth $130,443. $651,327 worth of Campbell Soup Company (NYSE:CPB) was sold by Mignini Luca on Tuesday, September 6. Another trade for 1,600 shares valued at $92,288 was sold by Barroso Carlos. O’Shea William J sold $750,620 worth of stock or 13,000 shares.

Campbell Soup Company is a food company, which makes and markets food products. The company has a market cap of $16.59 billion. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. It has a 30.26 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 important recent Campbell Soup Company (NYSE:CPB) news were published by: Bizjournals.com which released: “New leader for Campbell’s ‘fresh’ division” on October 18, 2016, also Wsj.com published article titled: “How Campbell Soup and Panera See Shifting Consumer Tastes”, Nasdaq.com published: “Campbell Soup Company (CPB) Ex-Dividend Date Scheduled for October 07, 2016” on October 06, 2016. More interesting news about Campbell Soup Company (NYSE:CPB) was released by: Bizjournals.com and their article: “Campbell’s employees leave previous roles to launch ‘startup within a large …” with publication date: September 28, 2016.

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