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Campbell Soup's profit drops 4.8 pct

19 May 2017

Retirement Systems of Alabama's holdings in Campbell Soup Company were worth $5,352,000 at the end of the most recent quarter.

Campbell Soup Company announced its recent quarter financial results after the market close on 17/02/2017, crushing consensus estimates with both its revenue and earnings.

Deere & Company (NYSE:DE) reported a bigger-than-expected quarterly profit, as sales rose for the first time in more than three years on improving demand for its farm. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.88 by $0.03. Tdam USA Inc. increased its position in shares of Campbell Soup Company by 2.6% in the first quarter. Shareholders of record on Wednesday, April 12th were issued a dividend of $0.35 per share. UBS initiated the shares of CPB in report on Wednesday, February 24 with "Sell" rating. Barroso Carlos had sold 1,000 shares worth $60,311.

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Several other hedge funds and other institutional investors have also made changes to their positions in the company.

Campbell, however, raised its adjusted profit forecast for the year to I$3.04-$3.09 per share from $3.00-$3.09 per share. $56's average target is -2.46% below currents $57.41 stock price. Finally, Sullivan Bruyette Speros & Blaney LLC bought a new stake in Campbell Soup Company during the fourth quarter worth approximately $205,000.

Analysts await Texas Pacific Land Trust (NYSE:TPL) to report earnings on July, 27. Art Advisors Limited Liability Company has 0.12% invested in Campbell Soup Company (NYSE:CPB) for 32,300 shares. Therefore 8% are positive.

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Investors sentiment decreased to 0.84 in Q4 2016. Cypress Group has 0.45% invested in Campbell Soup Company (NYSE:CPB). A rating of 4 or 5 would indicate a consensus Sell. Cornerstone Cap Management Ltd Liability Corporation invested in 0.21% or 451,331 shares. Next Fincl Gru holds 0% or 584 shares in its portfolio. The firm earned "Neutral" rating on Monday, January 25 by Credit Suisse. Central National Bank & Trust & accumulated 0.06% or 3,788 shares. Campbell Soup Company (NYSE:CPB) has risen 6.00% since April 17, 2017 and is uptrending. It has a 50.3 P/E ratio. Twin Tree Mngmt LP invested 0.02% of its portfolio in Campbell Soup Company (NYSE:CPB). RBC Capital Markets has "Sector Perform" rating and $62 target. Wells Fargo & Co reissued a "market perform" rating on shares of Campbell Soup Company in a report on Monday, February 27th. The firm has a market capitalization of $17.49 billion, a PE ratio of 35.81 and a beta of 0.46. Keybank National Association Oh reported 0.01% of its portfolio in Campbell Soup Company (NYSE:CPB). Exxonmobil Investment Management Tx, a Texas-based fund reported 44,847 shares. Bernstein downgraded the shares of CPB in report on Tuesday, March 21 to "Underperform" rating. The institutional investor owned 93,508 shares of the company's stock after selling 1,012 shares during the period. Argus Research upgraded Campbell Soup Company (NYSE:CPB) on Tuesday, December 1 to "Buy" rating.

COPYRIGHT VIOLATION WARNING: "Campbell Soup Company (CPB) Shares Bought by Vicus Capital" was posted by BBNS and is the sole property of of BBNS. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

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Campbell Soup's profit drops 4.8 pct