Campbell Soup (CPB) Stock Price Down 1.5% on Disappointing Earnings

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The stock of Campbell Soup Company (NYSE:CPB) has "Hold" rating given on Wednesday, October 25 by RBC Capital Markets. Insiders own 37.20% of the company's stock.

Several equities research analysts have recently weighed in on the stock. Motco raised its position in Campbell Soup by 301.9% during the second quarter. The stock had previously closed at $45.84. Confluence Wealth Management LLC increased its stake in shares of Campbell Soup Company by 6.5% in the first quarter. Asset Management One Limited has invested 0.05% in Campbell Soup Company (NYSE:CPB). Gabalex Capital Management LLC's holdings in Campbell Soup Company were worth $4,293,000 at the end of the most recent quarter. APG Asset Management N.V. now owns 3,545,569 shares of the company's stock valued at $166,004,000 after purchasing an additional 1,192,900 shares during the period. About shares traded. Campbell Soup Company (NYSE:CPB) has declined 12.82% since November 24, 2016 and is downtrending. However, the stock is trading at -27.18% versus recent highs ($64.23). The current P/E ration is 15.86 and forward P/E of 14.48 indicates where the company may be headed. Their 52-Week High and Low are noted here.

Robecosam Ag increased its stake in Campbell Soup Co (CPB) by 7.43% based on its latest 2017Q2 regulatory filing with the SEC. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.05). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. It fall, as 40 investors sold Campbell Soup Company shares while 169 reduced holdings. Equities analysts expect that Campbell Soup Company will post $3.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 9th.

It is also important to look at Campbell Soup Company's dividend yield and EPS because you want to ensure you are stretching your dollar effectively. Campbell Soup's payout ratio is now 48.95%. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of US and worldwide copyright law. If you are viewing this piece on another site, it was copied illegally and republished in violation of USA & worldwide copyright & trademark law. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/11/24/campbell-soup-company-cpb-shares-bought-by-meag-munich-ergo-kapitalanlagegesellschaft-mbh.html.

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In other news, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction on Friday, October 6th. The shares were purchased at an average price of $57.34 per share, with a total value of $52,510,022.44. (NASDAQ:PLUG) by 1.28% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The stock was acquired at an average cost of $46.47 per share, with a total value of $199,821.00. Following the acquisition, the insider now owns 88,178 shares in the company, valued at $4,097,631.66. The disclosure for this sale can be found here.

"(Data shows that) at both Wal-Mart and Kroger, Campbell is losing share to Mills, which has been advertising its Progresso innovation and discounting heavily", ConsumerEdge Research analyst Jonathan Feeney said, citing data from ConsumerEdge Insight.

Campbell Soup Company (CPB) formed multiple bottom with $43.50 target or 7.00% below today's $46.77 share price.

The financial firm has just set a target price per share of $42 on Campbell Soup (NYSE:CPB) shares. Barclays PLC reissued a "sell" rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Citigroup maintained Campbell Soup Company (NYSE:CPB) on Friday, September 2 with "Neutral" rating. Seven investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Campbell Soup Company has an average rating of "Hold" and a consensus price target of $60.17. The segment includes the products, such as Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans and dinner sauces; Plum food and snacks; V8 juices and beverages, and Campbell's tomato juice.

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