Campbell Soup Company (CPB) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 58 from a previous price target of $62 . RBC Capital Mkts advised their investors in a research report released on Sep 2, 2016.
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 -3.81 points or -6.27% at $56.91 with 79,31,620 shares getting traded on Thursday. Post opening the session at $57.67, the shares hit an intraday low of $56.67 and an intraday high of $58.45 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.