Brokerage firm Argus Research Downgrades its rating on Campbell Soup Company(NYSE:CPB). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Argus Research was issued on Sep 19, 2016.
In a different note, On Sep 12, 2016, CLSA said it Maintains its rating on Campbell Soup Company. In the research note, the firm Lowers the price-target to $64.00 per share. The shares have been rated ‘Perform’ by the firm. On Sep 2, 2016, Citigroup said it Maintains its rating on Campbell Soup Company. In the research note, the firm Lowers the price-target to $67.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, Deutsche Bank said it Maintains its rating on Campbell Soup Company. In the research note, the firm Lowers the price-target to $63.00 per share. The shares have been rated ‘Hold’ by the firm.
Campbell Soup Company (CPB) shares turned negative on Thursdays trading session with the shares closing down -0.31 points or -0.56% at a volume of 15,98,403. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $56.17. The peak price level was also seen at $56.17 while the days lowest was $55.15. Finally the shares closed at $55.39. The 52-week high of the shares is $67.89 while the 52-week low is $47.77. According to the latest information available, the market cap of the company is $17,096 M.
Campbell Soup Company has also declared a cash dividend of $0.3500 on Sep 1, 2016. The shares will quote ex-dividend on Oct 10, 2016 and the record date has been fixed on Oct 12, 2016. The dividend payable date has been fixed on Oct 31, 2016.
Campbell Soup Company(CPB) last announced its earnings results on Sep 1, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.69B. Analysts had an estimated revenue of $1.69B. Earnings per share were $0.46. Analysts had estimated an EPS of $0.50.
Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, Jeff Dunn (Senior Vice President) sold 8,459 shares at $56.24 per share price.Also, On Sep 6, 2016, Luca Mignini (Senior Vice President) sold 11,255 shares at $57.87 per share price.On Sep 6, 2016, Carlos Barroso (Senior Vice President) sold 1,600 shares at $57.68 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.