Short Interest Change: Campbell Soup Company (NYSE:CPB) Reports Decline in Sellers; Strong Momentum for Longs

November 30, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Change: Campbell Soup Company (NYSE:CPB) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Campbell Soup Company (NYSE:CPB) registered a decrease of 11.75% in short interest. CPB’s total short interest was 9.37 million shares in November as published by FINRA. Its down 11.75% from 10.61 million shares, reported previously. With 1.76M shares average volume, it will take short sellers 5 days to cover their CPB’s short positions. The short interest to Campbell Soup Company’s float is 4.86%. The stock closed at $57.65 during the last session. It is down 6.47% since April 27, 2016 and is downtrending. It has underperformed by 11.70% the S&P500.

Campbell Soup Company is a food company, which makes and markets food products. The company has a market cap of $17.82 billion. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. It has a 27.14 P/E ratio. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. 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.
Amica Mutual Insurance Com has 0.1% invested in the company for 14,928 shares. Blackrock Invest Management Ltd Liability holds 0.03% of its portfolio in Campbell Soup Company (NYSE:CPB) for 378,824 shares. California State Teachers Retirement System has 394,674 shares for 0.06% of their US portfolio. Robeco Institutional Asset Mgmt Bv has 1.06M shares for 0.54% of their US portfolio. Fdx Advsrs holds 12,778 shares or 0.04% of its portfolio. Essex Invest Mgmt Ltd Liability last reported 0.12% of its portfolio in the stock. First Personal Fin Svcs last reported 53 shares in the company. Sg Americas Securities Ltd Liability reported 72,005 shares or 0.03% of all its holdings. Keybank Natl Association Oh last reported 0.01% of its portfolio in the stock. Calvert Management owns 14,616 shares or 0.05% of their US portfolio. Korea has 0.07% invested in the company for 185,700 shares. Da Davidson And accumulated 0.01% or 3,005 shares. Moreover, Mitsubishi Ufj Securities has 0.01% invested in Campbell Soup Company (NYSE:CPB) for 120 shares. Federated Invsts Pa reported 636,417 shares or 0.12% of all its holdings. Savings Bank Of New York Mellon reported 4.34M shares or 0.09% of all its holdings.

Insider Transactions: Since September 2, 2016, the stock had 0 insider purchases, and 7 selling transactions for $2.43 million net activity. $130,443 worth of Campbell Soup Company (NYSE:CPB) shares were sold by Carolan Edward. The insider O’Shea William J sold $750,620. 3,000 shares were sold by Barroso Carlos, worth $172,681. On Tuesday, September 6 Mignini Luca sold $651,327 worth of the stock or 11,255 shares. $158,058 worth of Campbell Soup Company (NYSE:CPB) shares were sold by TRAVIS TRACEY THOMAS. Dunn Jeff sold $475,734 worth of stock or 8,459 shares.

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 21 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Tuesday, December 1 the stock rating was upgraded by Argus Research to “Buy”. The firm earned “Sector Perform” rating on Friday, September 4 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, November 28 report. The firm has “Hold” rating given on Friday, August 26 by Deutsche Bank. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 18. UBS initiated Campbell Soup Company (NYSE:CPB) on Wednesday, February 24 with “Sell” rating. On Monday, September 19 the stock rating was downgraded by Argus Research to “Hold”. The firm has “Sell” rating by UBS given on Friday, September 2. The firm has “Underperform” rating given on Wednesday, November 23 by Credit Suisse. Deutsche Bank maintained Campbell Soup Company (NYSE:CPB) on Thursday, February 18 with “Hold” rating.

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.

Another recent and important Campbell Soup Company (NYSE:CPB) news was published by Businessinsider.com which published an article titled: “How the former CEO of Campbell Soup used a skill taught in kindergarten to …” on November 23, 2016.

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By Linda Rogers

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