Campbell Soup's profit drops 4.8% on weak demand

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Investors wait Campbell Soup Company (NYSE:CPB) to report on May, 19. its quarterly earnings Wall Street analysts expect $0.64 earnings per share, down $0.01 or 1.54 % from last year's $0.65 same quarter earnings. The business's quarterly revenue was down.9% compared to the same quarter previous year. Delta Asset Mngmt Ltd Liability Company Tn accumulated 150 shares or 0% of the stock.

Sales for the period to the end of April fell to $1.85bn from $1.87bn in the year ago period. During the same quarter in the prior year, the business earned $0.87 earnings per share. Chevy Chase Holdings Inc has invested 0.05% in Campbell Soup Company (NYSE:CPB). This is the current Zacks consensus EPS which was calculated at the time of writing.

Campbell Soup Company shares fell over 5% in premarket trading Friday following the report. The company noted that its broth business has been pressured by private-label alternatives, which have grown market share in the overall soup category. Stifel Nicolaus maintained Campbell Soup Company (NYSE:CPB) on Monday, January 23 with "Hold" rating. Company's distance from 20 day simple moving average is -0.72% and distance from 50-Day simple moving average is -0.70%.

Shares of Campbell Soup Company (NYSE:CPB) traded down 0.82% during trading on Thursday, reaching $56.94.

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Campbell Soup Company (NYSE:CPB) last posted its quarterly earnings results on Friday, February 17th. Waldron Lp who had been investing in Campbell Soup Co for a number of months, seems to be bullish on the $17.36 billion market cap company.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The ex-dividend date of this dividend was Monday, April 10th.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by BBNS and is the property of of BBNS. If you are accessing this article on another domain, it was copied illegally and reposted in violation of USA & global copyright and trademark legislation. The original version of this story can be read at https://transcriptdaily.com/2017/05/18/boston-family-office-llc-acquires-1025-shares-of-campbell-soup-company-cpb.html. Analyst's mean target price for DE is $109.70 while analysts mean recommendation is 2.60.

Check back later for our full write up on Campbell Soup's earnings report! RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) rating on Thursday, February 18. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. Deutsche Bank initiated Campbell Soup Company (NYSE:CPB) rating on Wednesday, February 15. The stock was bought at an average price of $57.34 per share, for a total transaction of $52,510,022.44. Following the acquisition, the director now directly owns 24,978 shares of the company's stock, valued at $1,432,238.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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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.

The company said it continued to face product constraints in its Campbell fresh unit, following last year's voluntary recall of Protein Plus beverages. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

On Friday, Morrison said the company has shifted from trying to sell Shake Downs in retailers like supermarkets to offering them in school systems.

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