Campbell Soup (NYSE:CPB) EVP Craig Slavtcheff Sells 13,110 Shares

Campbell Soup (NYSE:CPB – Get Rating) EVP Craig Slavtcheff sold 13,110 shares of the company’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $47.00, for a total value of $616,170.00. Following the completion of the transaction, the executive vice president now directly owns 32,242 shares in the company, valued at approximately $1,515,374. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Campbell Soup stock traded up $0.43 during midday trading on Thursday, reaching $47.40. The company’s stock had a trading volume of 2,255,651 shares, compared to its average volume of 2,696,970. The stock’s 50-day simple moving average is $47.29 and its 200-day simple moving average is $45.15. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.69 and a quick ratio of 0.30. Campbell Soup has a 52-week low of $39.76 and a 52-week high of $51.94. The stock has a market capitalization of $14.25 billion, a P/E ratio of 15.01, a PEG ratio of 10.33 and a beta of 0.40.

Campbell Soup (NYSE:CPB – Get Rating) last released its quarterly earnings results on Wednesday, June 8th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Campbell Soup had a return on equity of 26.07% and a net margin of 11.23%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the business posted $0.57 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Campbell Soup will post 2.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Thursday, July 7th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, July 6th. Campbell Soup’s payout ratio is 47.28%.

Institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust grew its holdings in 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 acquiring an additional 358 shares during the period. Core Wealth Advisors Inc. acquired a new stake in Campbell Soup during the fourth quarter worth about $29,000. M&R Capital Management Inc. acquired a new stake in Campbell Soup during the first quarter worth about $44,000. Benjamin Edwards Inc. grew its holdings in Campbell Soup by 101.5% during the first quarter. Benjamin Edwards Inc. now owns 1,080 shares of the company’s stock worth $48,000 after acquiring an additional 544 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in Campbell Soup in the fourth quarter valued at approximately $61,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Campbell Soup from $47.00 to $49.00 in a research report on Thursday, June 9th. Credit Suisse Group increased their price target on Campbell Soup to $46.00 in a research report on Thursday, June 9th. StockNews.com raised Campbell Soup from a “hold” rating to a “buy” rating in a research report on Saturday, May 14th. UBS Group increased their price target on Campbell Soup to $43.00 in a research report on Thursday, June 9th. Finally, Stifel Nicolaus increased their price target on Campbell Soup from $46.00 to $48.00 in a research report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $46.10.

About Campbell Soup (Get Rating)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products 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.

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