Bernstein Downgrades Campbell Soup Company to Underperform

Brokerage firm Bernstein Downgrades its rating on Campbell Soup Company(CPB). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Bernstein was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, Deutsche Bank said it Initiates Coverage On Campbell Soup Company, according to a research note issued on Feb 15, 2017. The shares have been rated ‘Hold’ by the firm.

Campbell Soup Company (CPB) shares turned negative on Fridays trading session with the shares closing down -0.16 points or -0.28% at a volume of 14,20,257. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $57.725. The peak price level was also seen at $57.725 while the days lowest was $57.295. Finally the shares closed at $57.44. The 52-week high of the shares is $67.89 while the 52-week low is $52.585. According to the latest information available, the market cap of the company is $17,484 M.

Campbell Soup Company(CPB) last announced its earnings results on Feb 17, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $2.171B. Analysts had an estimated revenue of $2.220B. Earnings per share were $0.91. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On Jan 5, 2017, Carlos Barroso (Senior Vice President) sold 9,130 shares at $60.92 per share price.Also, 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 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.

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