Camden-based Campbell Soup misses Wall Street forecasts

Paterniano Del Favero
Mag 20, 2017

Campbell Soup Company earned a news sentiment score of 0.33 on Alpha One's scale. Over the last 12 months, CPB's stock price has declined $6.53, or -10.29%.

Campbell's Soup released their quarterly earnings decline and sinking sales figures Friday, and warned that the company's 2017 sales figures could take a dive as a result. It has by 0.00% the S&P500. Security Natl Trust Com reported 0.01% stake. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. The 14-day ADX for Campbell Soup Co (CPB) is 18.19. Company's distance from 20 day simple moving average is -0.72% and distance from 50-Day simple moving average is -0.70%. The fund owned 80,575 shares of the company's stock after buying an additional 30,357 shares during the period.

Campbell Soup Company is a food company, which manufactures and markets food products. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses. Its down 0.11, from 0.95 in 2016Q3. It fall, as 59 investors sold Campbell Soup Company shares while 176 reduced holdings. Ronald Blue Limited Liability Corporation has invested 0.08% in Campbell Soup Company (NYSE:CPB). Pictet Asset Mngmt owns 153,985 shares. Aqr Mgmt Ltd holds 0.15% or 1.82 million shares. 1,678,616 shares of the company's stock were exchanged. RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) rating on Thursday, February 18. Mutual Of America Mgmt Limited Co invested in 0.03% or 23,463 shares. Campbell Soup Company (NYSE:CPB) presently has a 10 month price index of 0.87335.

The company said it expects its full-year sales to be flat to down 1 percent compared with its prior forecast of flat to up 1 percent. Strs Ohio holds 47,786 shares. Texas Permanent School Fund, a Texas-based fund reported 58,041 shares.

07/12/2016 - Campbell Soup Company had its "neutral" rating reiterated by analysts at Goldman Sachs. The firm's price-to-sales ratio was noted 2.20 in contrast with an overall industry average of 1.87. Therefore 8% are positive.

Campbell Soup said decline in revenues reflected higher promotional spending. RBC Capital Markets has "Sector Perform" rating and $50 target.

01/15/2016 - Campbell Soup Company was downgraded to "underweight" by analysts at Barclays. Deutsche Bank AG assumed coverage on shares of Campbell Soup Company in a report on Wednesday, February 15th. Stifel Nicolaus maintained Campbell Soup Company (NYSE:CPB) on Monday, January 23 with "Hold" rating.

In other Campbell Soup Company news, Director Bennett Dorrance bought 915,766 shares of Campbell Soup Company stock in a transaction dated Thursday, March 30th. The firm has "Hold" rating by Argus Research given on Monday, September 19. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Campbell Soup Company were worth $4,612,000 as of its most recent filing with the SEC.

Since November 23, 2016, it had 1 buying transaction, and 4 insider sales for $51.56 million activity. Barroso Carlos had sold 1,000 shares worth $60,311. Commerce Bank now owns 9,418 shares of the company's stock worth $540,000 after buying an additional 2,065 shares during the last quarter. TRAVIS TRACEY THOMAS sold $158,058 worth of stock. The firm has "Sell" rating by Goldman Sachs given on Tuesday, January 5. Comcast Corporation had 41 analyst reports since July 27, 2015 according to SRatingsIntel. Among which 5 performing investment advisory and research functions. Pivotal Research maintained the stock with "Buy" rating in Friday, May 6 report.

Campbell Soup Co. stock fell almost 2 percent to $55.81 in mid-morning trading. The firm has "Underperform" rating by Credit Suisse given on Wednesday, November 23.

Douglass Winthrop Advisors Llc decreased Keycorp Inc New (NYSE:KEY) stake by 100,000 shares to 396,521 valued at $7.24 million in 2016Q4. (NYSE:VMW) for 221,543 shares. Its up 0.08, from 0.88 in 2016Q3. Twin Tree L P has 42,005 shares for 0.02% of their portfolio. Shareholders of record on Wednesday, April 12th were issued a $0.35 dividend. 3,161 are held by Patten And Patten Incorporated Tn. Central National Bank & Trust & accumulated 0.06% or 3,788 shares. The 6 month volatility is 16.369500, and the 3 month is spotted at 17.859000. Argent Communication has invested 0.66% in Comcast Corporation (NASDAQ:CMCSA). Next Fincl Group Inc Inc holds 584 shares.

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