Campbell Soup Company (NYSE:CPB) posted its earnings results on Thursday. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03, Bloomberg Earnings reports. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. Campbell Soup’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. Campbell Soup updated its FY18 guidance to $3.04 to $3.11 EPS.

Campbell Soup (NYSE:CPB) traded down 1.73% during midday trading on Friday, hitting $45.40. The stock had a trading volume of 5,639,465 shares. The company’s 50-day moving average price is $52.32 and its 200 day moving average price is $55.78. The company has a market capitalization of $13.76 billion, a PE ratio of 28.66 and a beta of 0.36. Campbell Soup has a 52 week low of $45.29 and a 52 week high of $64.23.

CPB has been the subject of several research analyst reports. Credit Suisse Group reiterated a “sell” rating on shares of Campbell Soup in a research report on Wednesday, May 24th. Zacks Investment Research downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Deutsche Bank AG reiterated a “hold” rating and issued a $51.00 price objective (down previously from $58.00) on shares of Campbell Soup in a research report on Friday. BidaskClub downgraded Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $47.00 price objective (down previously from $52.00) on shares of Campbell Soup in a research report on Friday. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Campbell Soup currently has a consensus rating of “Hold” and an average target price of $54.96.

Large investors have recently modified their holdings of the company. Motco boosted its stake in shares of Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after buying an additional 1,600 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Campbell Soup by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock valued at $142,000 after buying an additional 55 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Campbell Soup by 19.2% in the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after buying an additional 408 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Campbell Soup by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after buying an additional 204 shares in the last quarter. Finally, Mercer Capital Advisers Inc. boosted its stake in shares of Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares in the last quarter. Institutional investors own 43.91% of the company’s stock.

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Campbell Soup Company Profile

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include 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 channel businesses.

Earnings History for Campbell Soup (NYSE:CPB)

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