Campbell Soup (CPB) Tops Q2 Earnings, Keeps FY17 Guidance

Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. Aviva PLC's holdings in Campbell Soup Company were worth $8,307,000 as of its most recent filing with the SEC.

There are 2 sell ratings, 9 hold ratings on the stock. Zacks Investment Research upgraded shares of Campbell Soup Company from a "hold" rating to a "buy" rating and set a $65.00 target price for the company in a report on Wednesday, November 30th. Royal Bank Of Canada raised their price target on shares of Campbell Soup Company from $60.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday. Now the stock is holding a "Buy" rating from 5 equity analysts. The stock was down 3.1% to $60.61 in pre-market trading today.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in Campbell Soup Company (CPB) stock has proven to be much more bearish. The stock stands 2.40% above the average-price of 50 days and -0.68% compared with the SMA 20. The stock has a market capitalization of $19.48 billion, a PE ratio of 29.82 and a beta of 0.46.

Campbell Soup Company (NYSE:CPB) early Friday posted mixed fiscal second quarter results and maintained its full-year outlook, as it deals with a tough combination of lower sales volume and higher promotional spending.

In terms of earnings per share, 10 analysts have a 1.05 EPS mean target for the quarter ending Oct-17, for the quarter ending Jan-17, 13 analysts have a 0.88 EPS mean target and for the quarter ending Jan-17 there are 16 estimates of 3.08 EPS.

Campbell Soup Company (NYSE:CPB) is now showing its ROA (Return on Assets) of 8.3%. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.05. During the same period in the previous year, the firm earned $0.95 EPS. Also, earnings improved on a year-over-year basis.

This piece of content was first published by [[site]] and is the sole property of of [[site]]. If you are accessing this report on another website, it was illegally copied and republished in violation of US and worldwide copyright & trademark legislation. The correct version of this piece of content can be viewed at [[permalink]].

In other news, SVP Carlos Barroso sold 1,000 shares of the business's stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $60.92, for a total value of $556,199.60. Van ECK Associates Corp now owns 2,918 shares of the company's stock valued at $176,000 after buying an additional 543 shares during the period.

Want to see what other hedge funds are holding CPB?

The company said revenue fell 1 percent in the Americas simple meals and beverages unit, Campbell's largest segment, which includes its namesake soup brand and Prego pasta sauces. The stock now shows its YTD (Year to Date) performance of 4.04 percent while its Weekly performance value is -2.02%. Based in USA, Campbell Soup Company has a market cap of 19379.24. Thus the company showed an Earnings Surprise of 5.3 Percent. The stock traded at a volume of 1.89 million shares.

(Copyright © 2015. All Rights Reserved.)

Tiffany Trump Thanks Whoopi Goldberg for Defending Her Against Fashion 'Bullies'
You're the ultimate mean girls . "I do not know what will happen, but I will come and sit with you". Photos of 23-year-old Trump sitting next to several empty seats quickly spread on social media.

Toronto Raptors trade for Orlando Magic PF Serge Ibaka
Ross, 26, is averaging 10.4 points through 54 games in his fifth season in Toronto. He has three years remaining on his current deal at a total of $31 million.

Cisco Systems, Inc. (NASDAQ:CSCO) Closed last trading session at $32.82
Moore holds 523,332 (0.01% of shares outstanding) and Ms Kelly Anne Kramer holds 428,527 (0.0085% of shares outstanding). Cisco Systems, Inc . (NASDAQ: CSCO ) closed up +0.34 points or 1.06% at $32.31 with 31.44 mln shares exchanging hands.

National Football League warns Seahawks for not listing Richard Sherman on injury report
However, the Colts were not punished past year for not revealing that quarterback Andrew Luck had been playing with broken ribs. In 10 of those weeks, he missed practice time, but the Seahawks listed the reason as "non-injury related".

UN Syria talks to follow agenda set by UN resolution: envoy
Turkey, Russia and Iran on Thursday agreed to set up a joint commission to supervise the Syria truce. Kazakhstan says it has postponed talks aimed at firming up a Syrian cease-fire by one day.

Satyarthi's Nobel prize replica recovered
The Nobel laureate hoped for the recovery of its citation too and appealed to the public to inform the police if it is found. They had had also struck at two other flats in Aravalli apartment in Kalkaji, where Satyarathi lives, the same night.

Russian Federation deploys new cruise missiles in violation of treaty
He said that "any non-compliance of Russian Federation with the INF Treaty would be a serious concern for the alliance". The Obama administration expressed its concern over the test of the missile, then known as the SSC-X-8, in 2014 .

Producer Prices Jump 0.6%, Biggest Gain Since September 2012
The DIPP also revised upward inflation estimate for November to 3.38% from the earlier provisional estimate of 3.15%. The WPI for January'17 is significantly higher than the WPI of (-) 1.07% for the corresponding month past year .

Powerful storm begins to move into California
Azusa officials have been distributing sandbags to residents at the City Yard, 809 N. The agency also issued a high wind warning that kicked in at 7 a.m.

Taiwan tour bus crash kills many
The coach is said to have careered towards a barrier at a curve on the road. Authorities are still trying to determine the exact cause of the accident.

Trump travel ban hit by new legal setback
District Court in Alexandria, Virginia. "Maximum power does not mean absolute power", she wrote. The Monday ruling is significant from a legal standpoint because U.S.

Trump is back in Florida for another rally this weekend
But what's especially interesting about this week's rally is that it's apparently not a presidential event. Tickets, though, were still available through Trump's campaign website as of Thursday afternoon.

Trump Administration Increasingly At Odds With US Intelligence Community
The report underscores the narrative that a major rift, even a feud, is on between Trump and the intelligence agencies. But officials reportedly withheld some details about how the intelligence information was gathered.

Trump selects Alexander Acosta as new Labor secretary nominee
He added, "While I won't be serving in the administration, I fully support the president and his highly qualified team". Century Bank, the largest domestically-owned Hispanic community bank in Florida, according to his faculty biography .

Champions League: Bayern Munich thump Arsenal, Real Madrid too good for Napoli
Maurizio Sarri and his Napoli team can take heart from the fact that Madrid do tend to struggle against Italian sides. Real Madrid countered in devastating fashion, with Toni Kroos sweeping home from Ronaldo's excellent layoff.

More News

More News