A Director at Campbell Soup (NYSE: CPB) is Selling Shares

By Carrie Williams

Today, a Director at Campbell Soup (NYSE: CPB), Tracey Thomas Travis, sold shares of CPB for $158.1K.

Following Tracey Thomas Travis’ last CPB Sell transaction on January 07, 2016, the stock climbed by 7.5%. This is Travis’ first Sell trade following 5 Buy transactions.

The company has a one year high of $67.89 and a one year low of $50.54. CPB’s market cap is $17.72B and the company has a P/E ratio of 27.13. Currently, Campbell Soup has an average volume of 2.52M.

Eight different firms, including Barclays and Citigroup, currently also have a Sell rating on the stock. Based on 9 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $58.31, reflecting a -1.6% downside.

The insider sentiment on Campbell Soup has been negative according to 40 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Campbell Soup Co. engages in manufacturing and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service businesses in the U.S., Canada and Latin America. The Global Biscuits and Snacks segment includes Pepperidge Farm cookies, crackers, bakery and frozen products in U.S. retail, Arnott’s biscuits in Australia and Asia Pacific, and Kelsen cookies globally. The Campbell Fresh segment includes Bolthouse Farms fresh carrots, carrot ingredients, refrigerated beverages and refrigerated salad dressings, Garden Fresh Gourmet salsa, hummus, dips and tortilla chips, and the U.S. refrigerated soup business. The company was founded on November 23, 1922 and is headquartered in Camden, NJ.