Citigroup Maintains Campbell Soup Company to Neutral with Price Target $63.00

Brokerage firm Citigroup Maintains its rating on Campbell Soup Company(NYSE:CPB). In a research note issued to the investors, the brokerage major Lowers the price-target to $63.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 2, 2016.

Campbell Soup Company (CPB) shares turned negative on Thursdays trading session with the shares closing down -3.81 points or -6.27% at a volume of 79,31,620. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $58.45. The peak price level was also seen at $58.45 while the days lowest was $56.67. Finally the shares closed at $56.91. The 52-week high of the shares is $67.89 while the 52-week low is $46.07. According to the latest information available, the market cap of the company is $17,565 M.

Campbell Soup Company(CPB) last announced its earnings results on May 20, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.87B. Analysts had an estimated revenue of $1.91B. Earnings per share were $0.65. Analysts had estimated an EPS of $0.64.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Edward Carolan (Senior Vice President) sold 5,000 shares at $61.93 per share price.Also, On Mar 1, 2016, Mark R. Alexander (Senior Vice President) sold 90,509 shares at $61.94 per share price.On Mar 1, 2016, Charles R Perrin (director) sold 5,457 shares at $61.85 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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