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Campbell Soup's profit drops 4.8% on weak demand

19 Mai 2017

During the same period in the prior year, the company posted $0.87 EPS.

If we look at stock performance in last active day trading, we see that stock has moved shed -0.58% to end the day at $70.45. It has by 0.00% the S&P500. This year-to-date, the company's shares have decreased $3.53, or -5.84%. The Jarislowsky Fraser Ltd holds 2.00 million shares with $138.16 million value, up from 1.99 million last quarter. Campbell Soup Co now has $17.38B valuation. Recently, the stock has been noticed trading -18.96% away from the 20-day moving average. The stock traded at a volume of 2.58 million shares. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The company has a market cap of $16.84 billion, a PE ratio of 34.47 and a beta of 0.46. It has a 50.3 P/E ratio. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses. Investors of record on Wednesday, April 12th were given a dividend of $0.35 per share. Its up 0.13, from 0.96 in 2016Q3.

Several research analysts have issued reports on CPB shares. The stock of Campbell Soup Company (NYSE:CPB) earned "Neutral" rating by Citigroup on Friday, September 2. First Midwest Bancshares Division owns 3,481 shares. Janney Montgomery Scott Limited Liability Company stated it has 0.02% in Campbell Soup Company (NYSE:CPB). During the same period in the previous year, the firm posted $0.87 earnings per share. Tdam USA Inc. increased its position in shares of Campbell Soup Company by 2.6% in the first quarter. The company noted that its broth business has been pressured by private-label alternatives, which have grown market share in the overall soup category. Strs Ohio holds 47,786 shares. Soros Fund Limited Liability Company invested in 0.01% or 5,800 shares. Bnp Paribas Arbitrage Sa holds 0.08% of its portfolio in VMware, Inc. (NYSE:VMW). Passport Capital Ltd Company has invested 0.11% in VMware, Inc. Analysts on average had expected $1.87 billion. Therefore 8% are positive. Campbell Soup Company has a 1-year low of $52.58 and a 1-year high of $67.89. The stock's current RSI reading is at 50.07. The firm has "Sector Perform" rating given on Tuesday, February 21 by RBC Capital Markets. As per Thursday, July 23, the company rating was maintained by RBC Capital Markets. As per Wednesday, February 24, the company rating was initiated by UBS. On Thursday, February 18 the stock rating was maintained by Deutsche Bank with "Hold". The firm earned "Neutral" rating on Monday, January 25 by Credit Suisse. RBC Capital Markets has "Sector Perform" rating and $58 target.

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Revenues: Campbell Soup generated total sales of $1,853 million were down 1% year over year and missed the Zacks Consensus Estimate of $1,870 million. The insider Barroso Carlos sold $556,180. Shares for $52.51M were bought by DORRANCE BENNETT. $158,058 worth of stock was sold by TRAVIS TRACEY THOMAS on Wednesday, November 23. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Therefore 85% are positive. On Monday, August 3 the stock rating was upgraded by JP Morgan to "Overweight". Sanford C. Bernstein lowered Campbell Soup Company from a "market perform" rating to an "underperform" rating and set a $54.00 price objective on the stock.in a research note on Tuesday, March 21st. (NYSE:VMW) rating on Wednesday, October 21. Krysler P. Kevan also sold $582,987 worth of VMware, Inc. Airl. Co. Dl 1 (NYSE:LUV) stake by 236,129 shares and now owns 72,331 shares.

Investors sentiment decreased to 1.03 in 2016 Q4. Its down 0.11, from 0.95 in 2016Q3. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/05/18/campbell-soup-company-cpb-shares-bought-by-commerce-bank.html. 34 funds opened positions while 61 raised stakes. Ray Gerald L & Associate owns 10,853 shares or 0.1% of their U.S. portfolio. Institutional investors own 42.81% of the company's stock. 3,161 are held by Patten And Patten Incorporated Tn. (NASDAQ:BUFF) plummeted -0.81% to $23.13. Kcg Holdg Inc reported 0.02% in Oil States International, Inc. Clinton Group Inc accumulated 49,586 shares.

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Campbell Soup's profit drops 4.8% on weak demand