In today’s session Campbell Soup Company (CPB) registered an unusually high (265) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CPB increase. With 265 contracts traded and 24334 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CPB170120C00055000 closed last at: $1.7 or 2.9% down. About 777,003 shares traded hands. Campbell Soup Company (NYSE:CPB) has declined 10.36% since April 20, 2016 and is downtrending. It has underperformed by 14.91% 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 has “Overweight” rating given on Tuesday, January 19 by JP Morgan. The firm has “Hold” rating by Argus Research given on Monday, September 19. As per Thursday, July 23, the company rating was maintained by RBC Capital Markets. Argus Research upgraded Campbell Soup Company (NYSE:CPB) rating on Tuesday, December 1. Argus Research has “Buy” rating and $65 price target. The firm earned “Sell” rating on Friday, September 2 by UBS. The stock has “Hold” rating given by Deutsche Bank on Thursday, February 18. UBS initiated the shares of CPB in a report on Wednesday, February 24 with “Sell” rating. Citigroup upgraded Campbell Soup Company (NYSE:CPB) rating on Friday, September 4. Citigroup has “Neutral” rating and $50 price target. Credit Suisse maintained the shares of CPB in a report on Wednesday, November 25 with “Underperform” rating. RBC Capital Markets maintained the stock with “Sector Perform” 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 0.95 in 2016 Q2. Its down 0.10, from 1.05 in 2016Q1. The ratio worsened, 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.
Royal London Asset Limited last reported 0.07% of its portfolio in the stock. Point72 Asset Mgmt Lp reported 297,079 shares or 0.13% of all its holdings. Sequent Asset Management Ltd Limited Liability Company, a Texas-based fund reported 19,839 shares. Parallax Volatility Advisers Ltd Partnership holds 133,415 shares or 0.02% of its portfolio. Umb Comml Bank N A Mo last reported 0.01% of its portfolio in the stock. Bessemer Gru holds 38,342 shares or 0.01% of its portfolio. Zacks Invest, a Illinois-based fund reported 130,431 shares. State Treasurer State Of Michigan accumulated 62,247 shares or 0.03% of the stock. Morgan Stanley accumulated 743,744 shares or 0.02% of the stock. Fjarde Ap holds 0.05% or 33,530 shares in its portfolio. Jefferies Group Limited Company last reported 0.02% of its portfolio in the stock. Profund Advsrs Lc holds 0.02% or 5,109 shares in its portfolio. Retail Bank Of Hawaii holds 0.04% or 5,595 shares in its portfolio. Mckinley Carter Wealth Svcs reported 23,918 shares or 0.83% of all its holdings. Cantab Prtn Ltd Liability Partnership has 0% invested in the company for 26,994 shares.
Insider Transactions: Since September 2, 2016, the stock had 0 buys, and 5 selling transactions for $2.10 million net activity. $475,734 worth of Campbell Soup Company (NYSE:CPB) was sold by Dunn Jeff on Thursday, September 8. 1,600 shares with value of $92,288 were sold by Barroso Carlos on Tuesday, September 6. Carolan Edward sold $130,443 worth of stock or 2,400 shares. The insider O’Shea William J sold $750,620. Mignini Luca had sold 11,255 shares worth $651,327.
Campbell Soup Company is a food company, which makes and markets food products. The company has a market cap of $17.47 billion. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. It has a 31.49 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 recent Campbell Soup Company (NYSE:CPB) news were published by: Wsj.com which released: “Campbell Soup Continues to Work on Fixing Its Fresh Food Business” on November 22, 2016. Also Bizjournals.com published the news titled: “Campbell’s investing $32M in San Francisco company set to launch in 2017” on October 25, 2016. Etfdailynews.com‘s news article titled: “Can Campbell Soup Turn Things Around In Its Next Report?” with publication date: November 14, 2016 was also an interesting one.
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