Campbell Soup Company (CPB) Set to Announce Earnings on Friday


Campbell Soup Company closed down -0.4 points or -0.63% at $63.03 with 13,64,419 shares getting traded on Wednesday.

According to Zacks brokerage recommendations, Campbell Soup Company (NYSE:CPB)'s Buy count is 0 and Strong Buy is 1 while the number of analysts recommending Sell and Strong Sell are 0 and 9, respectively. Tower Research Capital LLC TRC raised its position in shares of Campbell Soup Company by 1,708.4% in the third quarter. Van ECK Associates Corp now owns 2,918 shares of the company's stock valued at $176,000 after buying an additional 543 shares during the last quarter. Bank of Hawaii boosted its stake in shares of Campbell Soup Company by 0.7% in the third quarter. Vicus Capital now owns 3,707 shares of the company's stock valued at $203,000 after buying an additional 12 shares during the last quarter. The $570.32B market cap company, which fluctuated between $835.83 and $842 during the day, now situated 24.88% above its 52 week low of $672.66 and -3.11% away from its one year high of $867. Its last month's stock price volatility remained 1.42% which for the week approaches 1.64. The firm shows the market capitalization of $19.66 Billion. A month ago, analyst EPS consensus estimated earnings of US$0.87 per share. The business earned $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%.

On 6/25/2015 Campbell Soup Company announced a quarterly dividend of $0.31 2.61% with an ex dividend date of 7/9/2015 which will be payable on 8/3/2015. On average, analysts expect that Campbell Soup Co. will post $3.08 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, January 30th. Investors of record on Wednesday, January 11th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. Campbell Soup Company's dividend payout ratio (DPR) is presently 66.04%.

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Deutsche Bank AG began coverage on shares of Campbell Soup Company (NYSE:CPB) in a research report sent to investors on Wednesday.

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CPB has been the topic of several other research reports. Bank of America Corp. reiterated a "neutral" rating on shares of Campbell Soup in a research note on Friday, September 2nd.

The current consensus rating on Campbell Soup Company (NYSE:CPB) is Hold (Score: 1.82) with a consensus target price of $60.17 per share, a potential 4.54% downside. Finally, RBC Capital Markets restated a sector perform rating and set a $60.00 price target (up from $58.00) on shares of Campbell Soup Company in a research report on Monday, November 28th. 2 Analysts have rated it as strong sell. The stock was sold at an average price of $54.35, for a total transaction of $130,440.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The share price has moved forward from its 20 days moving average, trading at a distance of 0.84% and stays 4.08% away from its 50 days moving average. The disclosure for this sale can be found here.

Campbell Soup Company (NYSE:CPB) has insider ownership of 37.30% and institutional ownership of 42.81%.

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Campbell Soup Company is expected* to report earnings on 02/17/2017 before market open. The Company's segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Global Biscuits and Snacks segment provides Pepperidge Farm cookies, crackers, bakery, and frozen products in the United States retail; and Arnott's biscuits in Australia and the Asia Pacific; and Kelsen cookies worldwide, as well as meals and shelf-stable beverages in Australia and the Asia Pacific.

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