Campbell Soup Company (CPB) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 60 from a previous price target of $63 . RBC Capital Mkts advised their Clients and Investors in a research report released on Feb 21, 2017.
Based on several research reports , Company shares were Reiterated by RBC Capital Mkts on Feb 15, 2017 to “Sector Perform”, Firm has raised the Price Target to $ 63 from a previous price target of $60 .Deutsche Bank Initiated Campbell Soup Company on Feb 15, 2017 to “Hold”, Price Target of the shares are set at $65.Company shares were Reiterated by Stifel on Jan 23, 2017 to “Hold”, Firm has raised the Price Target to $ 62 from a previous price target of $56 .Company shares were Reiterated by RBC Capital Mkts on Nov 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 60 from a previous price target of $58 .
On the company’s financial health, Campbell Soup Company reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 17, 2017. Analyst had a consensus of $0.88. The company had revenue of $2171.00 million for the quarter, compared to analysts expectations of $2224.68 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.
Several company insiders have filed Insider transactions , on Jan 5, 2017, Carlos Barroso (Senior Vice President) sold 9,130 shares at $60.92 per share price. According to the SEC, on Nov 28, 2016, Tracey Thomas Travis (director) sold 2,771 shares at $57.04 per share price. On Oct 4, 2016, Edward Carolan (Senior Vice President) sold 2,400 shares at $54.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Campbell Soup Company closed down -4.07 points or -6.51% at $58.48 with 61,22,699 shares getting traded on Friday. Post opening the session at $59, the shares hit an intraday low of $57.55 and an intraday high of $60.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.