Campbell Soup's profit drops 4.8 pct

Gladys Abbott
May 20, 2017

VMware Inc had 81 analyst reports since July 22, 2015 according to SRatingsIntel.

01/15/2016 - Campbell Soup Company was downgraded to "underweight" by analysts at Barclays. The firm has "Neutral" rating given on Wednesday, October 21 by Mizuho. The rating was upgraded by Societe Generale to "Buy" on Tuesday, January 10. Pivotal Research maintained the stock with "Buy" rating in Friday, May 6 report. The rating was maintained by Deutsche Bank on Thursday, February 18 with "Hold". The firm has "Hold" rating given on Wednesday, April 19 by Vertical Research. (NYSE:VMW) rating on Wednesday, October 21.

Net sales declined to $1.85 billion from $1.87 billion.

On 1/4/2017 Carlos Barroso, Insider, sold 9,130 with an average share price of $60.92 per share and the total transaction amounting to $556,199.60. $158,058 worth of stock was sold by TRAVIS TRACEY THOMAS on Wednesday, November 23.

Investors sentiment decreased to 0.84 in Q4 2016. Its up 0.13, from 0.96 in 2016Q3.

Campbell Soup Company (NYSE:CPB) early Friday posted worse than expected fiscal third quartr earnings results, as margins fell amid rising costs.

Several research analysts have issued reports on CPB shares.

Boyar Asset Management Inc decreased Campbell Soup Co (CPB) stake by 18.49% reported in 2016Q4 SEC filing. After $0.91 actual EPS reported by Campbell Soup Company for the previous quarter, Wall Street now forecasts -29.67% negative EPS growth.

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Several other hedge funds and other institutional investors have also made changes to their positions in the company. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 12,000 shares or 0.03% of all its holdings.

Campbell, however, raised its adjusted profit forecast for the year to I$3.04-$3.09 per share from $3.00-$3.09 per share. The stock was trading on above-average volume. Public Sector Pension Inv Board accumulated 0.03% or 42,762 shares. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.64 by $0.05. Brown Advisory reported 0.08% of its portfolio in Campbell Soup Company (NYSE:CPB). Assetmark Incorporated holds 338 shares or 0% of its portfolio. Blackrock Advsrs Lc has 279,359 shares.

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

Among 20 analysts covering Comcast Corporation (NASDAQ:CMCSA), 17 have Buy rating, 0 Sell and 3 Hold. Therefore 8% are positive. The firm has "Overweight" rating by JP Morgan given on Tuesday, January 19. Stifel Nicolaus lifted their target price on shares of Campbell Soup Company from $56.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, January 23rd.

11/23/2016 - Campbell Soup Company had its "underperform" rating reiterated by analysts at Credit Suisse.

02/17/2017 - Campbell Soup Company had its "market perform" rating reiterated by analysts at Wells Fargo. The firm has "Hold" rating by Deutsche Bank given on Friday, August 26. For Campbell Soup Company (NYSE:CPB), Stochastic %D value stayed at 37.57% for the last 9 days. Finally, Zacks Investment Research downgraded shares of Campbell Soup Company from a "buy" rating to a "hold" rating in a report on Tuesday, February 14th. The company now has an average rating of "Hold" and an average price target of $60.17. TD Asset Management Inc. boosted its position in Campbell Soup Company by 164.0% in the first quarter. The firm earned "Buy" rating on Tuesday, December 1 by Argus Research.

As consumers gravitate away from processed foods and toward snacks and high-protein, all-natural products, Campbell and other food manufacturers have seen sales of their flagship products struggle. The company has a market cap of $16.84 billion, a PE ratio of 34.47 and a beta of 0.46. Campbell blamed the drop in the fresh unit on ongoing production issues stemming from a recall of some of its Bolthouse Farm beverages last year, and said it expects to be back to full production by its next fiscal year.

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