Campbell Soup misses profit, sales estimates; trims sales forecast

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Van ECK Associates Corp now owns 2,918 shares of the company's stock worth $176,000 after buying an additional 543 shares during the period. IFP Advisors Inc boosted its stake in Campbell Soup Company by 2.3% in the first quarter. Chicago Equity Partners LLC increased its position in shares of Campbell Soup Company by 0.4% in the third quarter.

Shares of the company have shown an EPS growth of -4.30% in the last 5 years. The stock has performed -1.21% over the last seven days, -0.59% over the last thirty, and -8.40% over the last three months. Credit Suisse maintained Campbell Soup Company (NYSE:CPB) rating on Wednesday, November 23.

Campbell Soup, however, raised its adjusted profit forecast for the year to $3.04-$3.09 per share from $3.00-$3.09 per share. The stock's 50-day moving average is $57.12 and its 200-day moving average is $58.62. The stock decreased 0.52% or $0.05 on May 18, reaching $9.61.

Campbell Soup Company is a food company, which makes and markets food products.

CAMDEN, N.J. (AP) — Campbell Soup Co. said its quarterly sales fell and cited the pressures facing the broader packaged food industry. Keybank National Association Oh reported 0.01% of its portfolio in Campbell Soup Company (NYSE:CPB). The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. During the same period past year, the firm posted $0.65 earnings per share. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Analysts forecast that Campbell Soup Company will post $3.06 EPS for the current fiscal year. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 12,000 shares or 0.03% of all its holdings. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.45%.

On 11/17/2016 announced a quarterly dividend of $0.35 2.58% with an ex dividend date of 1/9/2017 which will be payable on 1/11/2017. Campbell Soup Company's dividend payout ratio is presently 66.04%. If you are reading this story on another website, it was illegally copied and reposted in violation of USA and worldwide copyright and trademark laws. The legal version of this piece of content can be read at https://sportsperspectives.com/2017/05/19/retirement-systems-of-alabama-lowers-position-in-campbell-soup-company-cpb-updated.html. That's still in-line with the $3.06 per share that analysts are expecting. Wells Fargo & Co restated a "market perform" rating on shares of Campbell Soup Company in a report on Monday, February 27th. Deutsche Bank AG assumed coverage on shares of Campbell Soup Company in a research note on Wednesday, February 15th. The firm has "Sector Perform" rating given on Thursday, July 23 by RBC Capital Markets. Commerce Bank increased its position in shares of Campbell Soup Company by 28.1% in the first quarter.

Among 6 analysts covering Atlas Copco AB (OTCMKTS:ATLKY), 3 have Buy rating, 1 Sell and 2 Hold. The stock now has a consensus rating of "Hold" and a consensus price target of $60.17. Tdam USA Inc. now owns 13,446 shares of the company's stock worth $770,000 after buying an additional 340 shares during the last quarter. Meanwhile the stock weekly performance was subdued at -1.21%, which was down for the month at -0.59%. Susquehanna Group Incorporated Llp invested in 8,700 shares or 0% of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. TD Asset Management Inc. now owns 207,544 shares of the company's stock worth $11,880,000 after buying an additional 128,937 shares during the last quarter.

As consumers gravitate away from processed foods and toward snacks and high-protein, all-natural products, Campbell and other food manufacturers have seen sales of their flagship products struggle.

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