Campbell Soup Company (NYSE:CPB) announced its earnings results on Thursday. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03, Bloomberg Earnings reports. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a return on equity of 59.83% and a net margin of 6.17%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. Campbell Soup updated its FY18 guidance to $3.04 to $3.11 EPS.

Campbell Soup (NYSE CPB) opened at 46.20 on Friday. The company’s 50-day moving average is $52.48 and its 200 day moving average is $55.91. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 29.17 and a beta of 0.34. Campbell Soup has a 1-year low of $46.20 and a 1-year high of $64.23.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Motco boosted its stake in shares of Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after buying an additional 1,600 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Campbell Soup by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock valued at $142,000 after buying an additional 55 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Campbell Soup by 19.2% in the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after buying an additional 408 shares during the last quarter. Mercer Capital Advisers Inc. boosted its stake in shares of Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Campbell Soup by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after buying an additional 204 shares during the last quarter. 43.91% of the stock is owned by institutional investors.

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A number of equities research analysts recently issued reports on the stock. Barclays PLC reiterated a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Wells Fargo & Company reiterated a “market perform” rating and set a $58.00 target price (down previously from $62.50) on shares of Campbell Soup in a research report on Tuesday, May 23rd. Piper Jaffray Companies assumed coverage on shares of Campbell Soup in a research report on Wednesday, May 24th. They set a “neutral” rating and a $59.00 target price for the company. Finally, Credit Suisse Group reiterated a “sell” rating on shares of Campbell Soup in a research report on Wednesday, May 24th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.24.

About Campbell Soup

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

Earnings History for Campbell Soup (NYSE:CPB)

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