Campbell Soup Company (CPB) reported quarterly earnings results on Friday, May-20-2016. The company said it had a profit of $0.65 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.64. The company posted revenue of $1870.00 million in the period, compared to analysts expectations of $1908.73 million. The company’s revenue was down -1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Many Wall Street Analysts have commented on Campbell Soup Company. Company shares were Upgraded by Goldman on Feb 29, 2016 to ” Neutral”, Firm has raised the Price Target to $ 62 from a previous price target of $50 .
Campbell Soup Company opened for trading at $63.3 and hit $64.13 on the upside on Thursday, eventually ending the session at $63.98, with a gain of 0.80% or 0.51 points. The heightened volatility saw the trading volume jump to 29,70,376 shares. Company has a market cap of $19,779 M.
In a different news, on Mar 7, 2016, Edward Carolan (Senior Vice President) sold 5,000 shares at $61.93 per share price. According to the SEC, on Mar 1, 2016, Mark R. Alexander (Senior Vice President) sold 90,509 shares at $61.94 per share price. On Mar 1, 2016, Charles R Perrin (director) sold 5,457 shares at $61.85 per share price, according to the Form-4 filing with the securities and exchange commission.
Campbell Soup Company manufactures and markets food products. The Company’s segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces and Pace Mexican sauces. Its Global Baking and Snacking segment includes Pepperidge Farm cookies crackers bakery and frozen products in the United States retail. Its International Simple Meals and Beverages segment includes retail business in Canada. Its U.S. Beverages segment includes various products such as V8 juices and beverages and Campbell’s tomato juice. Its Bolthouse and Foodservice segment comprises the Bolthouse Farms carrot products operating segment including fresh carrots juice concentrate and fiber. Its brands include Arnott’s Bolthouse Farms Campbell’s Garden Fresh Gourmet Goldfish Kjeldsens and Pace.