Campbell Soup's Profit Drops 4.8%

Campbell Soup's Profit Drops 4.8%

Going toward to the 50-day, we can see that shares are now trading 0.08% off of that figure.

Analysts await Campbell Soup Company (NASDAQ:CPB) to report earnings on May, 19 for the fiscal quarter ending April 2017. Commerce Bank increased its position in shares of Campbell Soup Company by 28.1% in the first quarter. The firm exchanged a volume of 1.68 million shares at hands.

TRADEMARK VIOLATION WARNING: "Campbell Soup Company (CPB) Receives Daily Media Impact Rating of 0.46" was posted by Chaffey Breeze and is the property of of Chaffey Breeze. Waldron Lp bought 3.69M shares as the company's stock 0.00%.

Among 12 analysts covering Campbell Soup (NYSE:CPB), 1 have Buy rating, 6 Sell and 5 Hold. Company's distance from 20 day simple moving average is -0.72% and distance from 50-Day simple moving average is -0.70%.

Campbell Soup Company is a food company, which makes and markets food products.

Campbell Soup Co. reported earnings fell in its fiscal third quarter, missing Wall Street expectations in what its CEO called "a hard environment".

Earnings, adjusted for non-recurring costs, came to 59 cents per share, while the average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

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 business's revenue was down.9% compared to the same quarter a year ago. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 35.48 and a beta of 0.46.

The company said it expects its full-year sales to be flat to down 1 percent compared with its prior forecast of flat to up 1 percent.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. This represents a $1.40 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, April 10th. JP Morgan upgraded Campbell Soup Company (NYSE:CPB) on Tuesday, January 19 to "Overweight" rating. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and worldwide copyright and trademark law. IFP Advisors Inc increased its stake in Campbell Soup Company by 2.3% in the first quarter.

Several research analysts have issued reports on CPB shares. Campbell Soup Company's Wall Street analysts see -29.67 % negative EPS growth, taking into account the $0.91 EPS reproted in the previous quarter, The stock increased 0.53% or $0.3 during the last trading session, reaching $57.41. Finemark Bank & Trust Tru owns 0.08% invested in Campbell Soup Company (NYSE:CPB) for 15,655 shares. Stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 10 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) on Thursday, February 18 with "Sector Perform" rating. Finally, Deutsche Bank AG started coverage on Campbell Soup Company in a research report on Wednesday, February 15th. Stifel Nicolaus boosted their target price on shares of Campbell Soup Company from $56.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, January 23rd. Shares for $52.51M were bought by DORRANCE BENNETT. Following the completion of the transaction, the director now directly owns 24,978 shares of the company's stock, valued at approximately $1,432,238.52. RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) on Friday, September 2 with "Sector Perform" rating. Further, weak organic sales across the Americas Simple Meals and Beverages and Campbell Fresh segments could only be partly compensated by improved results at the company's Global Biscuits and Snacks segment.

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