Campbell Soup Remains Firmly Negative After Initial Sell-Off


Campbell Soup Company's beta is 0.39 whilst the stock has an average true range (ATR) of 1.19. 57 funds opened positions while 150 raised stakes. Armistice Capital, LLC now owns 296,000 shares with a value of $13,859,000. Fund holds 14,542 shares. Northwestern Mutual Wealth Mngmt has 4,605 shares.

Campbell Soup Company (CPB) ended its last session at $49.93 by Surging 0.42%. Motco holds 0.01% or 2,130 shares. MAGELLAN ASSET MANAGEMENT LTD also announced decreased position in eBay Inc.

But despite efforts to redefine Campbell as more than just a soup maker, the company has struggled to grow its fresh offerings as fast as it initially projected.

However, Campbell Soup shares fell 7.7% after the company cut its full-year profits forecast as its first quarter revenues fell short of expectations. Campbell Soup's dividend payout ratio is now 48.44%. Campbell Soup Company has a fifty-two week low of $44.99 and a fifty-two week high of $64.23. Mitsubishi Ufj Banking Corp invested in 0.04% or 419,911 shares. First Personal Financial Services now owns 2,677 shares of the company's stock worth $125,000 after buying an additional 1,724 shares in the last quarter. CPB's total short interest was 23.57 million shares in November as published by FINRA.

And Hormel, which owns Skippy and the SPAM brand of canned meat, rose 5 percent Tuesday after reporting surprisingly strong sales. According to their observations and findings, the stock could provide a high EPS of $1/share and a low EPS of $0.92/share. The short interest to Campbell Soup Company's float is 12.45%.

Campbell Soup Company is a global food company headquartered in Camden, N.J., with annual sales of approximately $8 billion. It has underperformed by 29.52% the S&P500. What's behind these moves from the company known for its iconic chicken noodle and other soups? The company has market cap of $15.01 billion.

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"The 2% decline in organic sales was largely due to the performance of our Americas Simple Meals and Beverages division, where U.S. soup sales declined by 9%". It has a 17.28 P/E ratio.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. Therefore 7% are positive. Zacks Investment Research upgraded Campbell Soup from a "sell" rating to a "hold" rating in a report on Tuesday, August 29th. Also, Director Charles R. Perrin sold 2,304 shares of the firm's stock in a transaction that occurred on Friday, October 6th.

On September 3 the stock rating was downgraded from "Underperform" to "Market Perform" by Royal Bank Of Canada. The company was downgraded on Friday, January 15 by Barclays Capital.

Market capitalization is the total market value of all of a company's outstanding shares. The firm has "Sell" rating given on Thursday, May 25 by Credit Suisse.

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