Campbell Soup Company Stock Sinks on Q1 Earnings Miss

The value of the investment in (CPB) went from $781,000,000 to $1,179,000,000 a change of 51.0% quarter to quarter. First Quadrant Ltd Partnership Ca reported 431,588 shares or 0.45% of all its holdings. "This was a hard quarter, particularly for our United States soup business". The value of the investment in Campbell Soup Company decreased from $18,037,000 to $15,511,000 a change of $2,526,000 quarter to quarter. First Personal Financial Services boosted its holdings in shares of Campbell Soup by 180.9% during the 3rd quarter. Armistice Capital, LLC reduced its position by shedding 184,000 shares a decrease of 38.3% from 06/30/2017 to 09/30/2017. Over the past month the firm's stock is 15.69%, 12.38% for the last quarter, 24.21% for the past six-months and 12.38% for the previous year. Finally, Victory Capital Management Inc. increased its stake in shares of Campbell Soup by 6.1% in the second quarter. Along with these its last twelve month performance is stands at -7.93% while moved -14.09% for the past six months according to Finviz reported data.

For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments. The company has its outstanding shares of 292.07M.

Equity analyst Piper Jaffray Companies updated its forecast on CPB with a rating of "Hold" and projecting a price target of $50.00.

US stocks are opening higher Tuesday as most industries, including technology and health care companies, start the day with solid gains. The company P/S (price to Sales) ratio is 1.85, P/B (price to Book) ratio is 9.21, while its P/C (price to Cash) ratio stands at 45.71.

Campbell Soup Company (NYSE:CPB) inched up 0.42% to close at $49.93.

On September 3 the stock rating was downgraded from "Underperform" to "Market Perform" by Royal Bank Of Canada. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.50 as current ratio and on the opponent side the debt to equity ratio was 0.89 and long-term debt to equity ratio also remained 0.82.

Campbell's portion of money left over from revenue, or gross margins, fell 2.4 percent in the quarter on higher supply chain expenses and cost of carrots. It says that it is now expecting earnings per share for the year to range from $2.95 to $3.02. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.02%. The stock has "Overweight" rating by JP Morgan on Tuesday, January 19. Campbell Soup's payout ratio is 48.44%.

Zacks Rank: Currently, Campbell Soup carries a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement. The short interest to Campbell Soup Company's float is 12.45%. The stock declined 7.67% or $3.83 reaching $46.1 per share.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. Credit Suisse Group reiterated a "sell" rating and issued a $43.00 price target (down from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st.

In other Campbell Soup news, insider Luca Mignini acquired 4,300 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. Cantab Capital Partners Llp owns 25,191 shares with a value of $1,179,000,000. Following the transaction, the insider now owns 88,178 shares in the company, valued at approximately $4,097,631.66. The disclosure for this purchase can be found here.

Campbell Soup Company is a food company, which makes and markets food products. The Company's divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh.

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