Campbell Soup Company (CPB) was Downgraded by Argus to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Argus advised their investors in a research report released on Sep 19, 2016.
Many Wall Street Analysts have commented on Campbell Soup Company. Campbell Soup Company was Downgraded by Argus to ” Hold” on Sep 19, 2016. Shares were Reiterated by UBS on Sep 2, 2016 to “Sell” and Lowered the Price Target to $ 51 from a previous price target of $52 .Shares were Reiterated by RBC Capital Mkts on Sep 2, 2016 to “Sector Perform” and Lowered the Price Target to $ 58 from a previous price target of $62 .
On the company’s financial health, Campbell Soup Company reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Sep 1, 2016. Analyst had a consensus of $0.50. The company had revenue of $1687.00 million for the quarter, compared to analysts expectations of $1694.54 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.
Campbell Soup Company closed down -0.4 points or -0.72% at $55.38 with 3,821,813 shares getting traded on Friday. Post opening the session at $55.58, the shares hit an intraday low of $55.06 and an intraday high of $55.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on Sep 1, 2016, Campbell Soup Company announced a cash dividend of $0.3500. The company’s management has announced Oct 10, 2016 as the ex-dividend date and fixed the record date on Oct 12, 2016. The payable date has been fixed on Oct 31, 2016.
In a different news, on Sep 9, 2016, Jeff Dunn (Senior Vice President) sold 8,459 shares at $56.24 per share price. According to the SEC, on Sep 6, 2016, Luca Mignini (Senior Vice President) sold 11,255 shares at $57.87 per share price. On Sep 6, 2016, Carlos Barroso (Senior Vice President) sold 1,600 shares at $57.68 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.