The stock of Campbell Soup Company (NYSE:CPB) is a huge mover today! About 1.38M shares traded hands. Campbell Soup Company (NYSE:CPB) has declined 18.31% since April 5, 2016 and is downtrending. It has underperformed by 20.26% the S&P500.
The move comes after 8 months positive chart setup for the $17.50B company. It was reported on Nov, 8 by Barchart.com. We have $85.07 PT which if reached, will make NYSE:CPB worth $9.28 billion more.
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 stock has “Sell” rating given by UBS on Friday, September 2. The firm has “Sector Perform” rating given on Friday, September 4 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, September 2 with “Sector Perform”. As per Friday, September 4, the company rating was upgraded by Citigroup. The firm has “Hold” rating given on Thursday, February 18 by Deutsche Bank. The firm has “Hold” rating given on Monday, September 19 by Argus Research. Barclays Capital downgraded Campbell Soup Company (NYSE:CPB) on Friday, January 15 to “Underweight” rating. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, January 19 report. As per Thursday, February 18, the company rating was maintained by RBC Capital Markets. The stock of Campbell Soup Company (NYSE:CPB) has “Sector Perform” rating given on Thursday, July 23 by RBC Capital Markets.
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 fall, 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.
Winton Ltd reported 92,733 shares or 0.1% of all its holdings. Finance Corporation reported 794 shares or 0.03% of all its holdings. Blackrock Japan holds 0.06% or 268,236 shares in its portfolio. Mackenzie Financial Corporation has invested 0% of its portfolio in Campbell Soup Company (NYSE:CPB). Commonwealth National Bank Of accumulated 20,886 shares or 0.02% of the stock. The Florida-based Aviance Management Ltd Limited Liability Company has invested 0.04% in Campbell Soup Company (NYSE:CPB). The Pennsylvania-based Vantage Ltd Liability Corporation has invested 0% in Campbell Soup Company (NYSE:CPB). Morgan Stanley, a New York-based fund reported 743,744 shares. The Pennsylvania-based Janney Capital Management Limited Liability Corporation has invested 0.01% in Campbell Soup Company (NYSE:CPB). West Oak Capital Limited Liability Corp accumulated 0% or 510 shares. Commonwealth Services Ltd Co holds 0.04% or 513 shares in its portfolio. Blackrock Invest Mgmt Ltd Liability Corp has 378,824 shares for 0.03% of their US portfolio. Cibc Asset Mgmt reported 34,787 shares or 0.02% of all its holdings. First State Bank Of Omaha accumulated 143,000 shares or 0.7% of the stock. Arizona State Retirement Sys has 95,555 shares for 0.09% of their US portfolio.
Insider Transactions: Since September 2, 2016, the stock had 0 insider purchases, and 5 insider sales for $2.10 million net activity. $651,327 worth of Campbell Soup Company (NYSE:CPB) shares were sold by Mignini Luca. Another trade for 1,600 shares valued at $92,288 was sold by Barroso Carlos. Dunn Jeff sold 8,459 shares worth $475,734. O’Shea William J sold $750,620 worth of Campbell Soup Company (NYSE:CPB) on Friday, September 2. $130,443 worth of Campbell Soup Company (NYSE:CPB) was sold by Carolan Edward.
More news for Campbell Soup Company (NYSE:CPB) were recently published by: Bizjournals.com, which released: “Campbell’s investing $32M in San Francisco company set to launch in 2017” on October 25, 2016. Foodbusinessnews.net‘s article titled: “Fresh changes coming to Campbell Soup Co.” and published on October 18, 2016 is yet another important article.
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.
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