Campbell Soup Company (CPB) Shares Bought by Commerce Bank

Reuters

Susquehanna Group Incorporated Llp invested in 8,700 shares or 0% of the stock. Sell-side analysts have also provided a consensus recommendation of 3.30 on company shares. TD Asset Management Inc. boosted its position in Campbell Soup Company by 164.0% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company's stock worth $142,000 after buying an additional 55 shares during the last quarter. Over the past year Company's shares have been trading in the range of $51.96 and $66.54. Mitsubishi UFJ Kokusai Asset Management Co. Credit Suisse maintained Campbell Soup Company (NYSE:CPB) rating on Wednesday, November 23. The Jarislowsky Fraser Ltd holds 2.00 million shares with $138.16 million value, up from 1.99 million last quarter. Following last close company's stock, is -17.63% below their SMA 50 and -48.40% below the 52-week high. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Campbell Soup Company during the third quarter worth $381,000.

Campbell Soup, however, raised its adjusted profit forecast for the year to $3.04-$3.09 per share from $3.00-$3.09 per share. The firm exchanged a volume of 1.68 million shares at hands. The current share price indicates that stock is -14.42% away from its one year high and is moving 9.58% ahead of its 52-week low. The company has a market cap of $16.84 billion, a PE ratio of 34.47 and a beta of 0.46. Alliancebernstein L P reported 0.13% in Campbell Soup Company (NYSE:CPB). Ronald Blue Limited Liability Corporation has invested 0.08% in Campbell Soup Company (NYSE:CPB).

The Camden-based food products company said reported earnings came in at $298 million for Q3. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. The business's revenue for the quarter was down 1.4% compared to the same quarter previous year.

Campbell lowered its guidance, predicting sales for the year will be between flat and down 1%, compared to a prior forecast of between 0% and a gain of 1%.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 12,000 shares or 0.03% of all its holdings.

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Campbell ended the quarter with cash and cash equivalents of $1,790 million, long-term debt of $2,270 million and total shareholders' equity of $1,490 million. The ex-dividend date of this dividend was Monday, April 10th.

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Several equities analysts have recently weighed in on the company. Wells Fargo & Co reaffirmed a "market perform" rating on shares of Campbell Soup Company in a report on Monday, February 27th. Finally, Zacks Investment Research downgraded shares of Campbell Soup Company from a "buy" rating to a "hold" rating in a report on Tuesday, February 14th. Campbell Soup had 27 analyst reports since July 23, 2015 according to SRatingsIntel. On Thursday, February 18 the stock rating was maintained by RBC Capital Markets with "Sector Perform". RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) on Thursday, February 18 with "Sector Perform" rating. The company presently has a consensus rating of "Hold" and a consensus target price of $60.17. The rating was downgraded by Bernstein to "Underperform" on Tuesday, March 21. The company's 50 day moving average is $57.14 and its 200-day moving average is $58.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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.

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