Could Campbell Soup Company (CPB) Crash Even More? The Stock Just Made 1 Year Low

March 21, 2018 - By Peter Erickson

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.01, from 0.99 in 2017Q2. It fall, as 49 investors sold Campbell Soup Company shares while 153 reduced holdings. 49 funds opened positions while 148 raised stakes. 137.50 million shares or 3.69% more from 132.61 million shares in 2017Q2 were reported.
Amp Invsts Limited reported 172,431 shares. D E Shaw And Inc holds 121,164 shares. 4,525 were accumulated by Ameritas Invest Prtnrs. Goldman Sachs reported 0.01% in Campbell Soup Company (NYSE:CPB). Royal Comml Bank Of Canada reported 264,984 shares or 0.01% of all its holdings. Schwab Charles Mngmt Inc invested 0.04% in Campbell Soup Company (NYSE:CPB). First Quadrant Limited Partnership Ca, a California-based fund reported 573,655 shares. Qs Investors Ltd Company has 0.03% invested in Campbell Soup Company (NYSE:CPB). Nikko Asset Management Americas owns 2,300 shares or 0.01% of their US portfolio. Gateway Investment Advisers Limited has 12,285 shares. Pggm Invests reported 672,272 shares. Boston Family Office Ltd Liability Co reported 0.16% in Campbell Soup Company (NYSE:CPB). City Hldgs Company has 16,520 shares for 0.26% of their portfolio. 18,028 were accumulated by Dynamic Capital Mgmt Limited. The Switzerland-based Lombard Odier Asset Mgmt (Switzerland) has invested 0.52% in Campbell Soup Company (NYSE:CPB).

Since October 6, 2017, it had 1 insider purchase, and 2 sales for $219,670 activity. Another trade for 4,400 shares valued at $200,351 was made by Mignini Luca on Wednesday, February 21. $312,975 worth of Campbell Soup Company (NYSE:CPB) was sold by Carolan Edward.

The stock of Campbell Soup Company (NYSE:CPB) hit a new 52-week low and has $39.38 target or 6.00 % below today’s $41.89 share price. The 6 months bearish chart indicates high risk for the $12.59B company. The 1-year low was reported on Mar, 21 by If the $39.38 price target is reached, the company will be worth $755.52M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.85% or $1.23 during the last trading session, reaching $41.89. About 2.19M shares traded. Campbell Soup Company (NYSE:CPB) has declined 12.82% since March 21, 2017 and is downtrending. It has underperformed by 29.52% the S&P500.

Analysts await Campbell Soup Company (NYSE:CPB) to report earnings on May, 18. They expect $0.62 earnings per share, up 5.08 % or $0.03 from last year’s $0.59 per share. CPB’s profit will be $186.37 million for 16.89 P/E if the $0.62 EPS becomes a reality. After $1.00 actual earnings per share reported by Campbell Soup Company for the previous quarter, Wall Street now forecasts -38.00 % negative EPS growth.

Campbell Soup Company (NYSE:CPB) Ratings Coverage

Among 16 analysts covering Campbell Soup (NYSE:CPB), 2 have Buy rating, 7 Sell and 7 Hold. Therefore 13% are positive. Campbell Soup had 57 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Campbell Soup Company (NYSE:CPB) has “Hold” rating given on Thursday, August 31 by Stifel Nicolaus. The company was downgraded on Friday, January 15 by Barclays Capital. RBC Capital Markets maintained it with “Sector Perform” rating and $60 target in Tuesday, February 21 report. The stock has “Hold” rating by RBC Capital Markets on Wednesday, February 14. The rating was maintained by Credit Suisse with “Underperform” on Friday, September 1. The rating was maintained by RBC Capital Markets on Monday, November 28 with “Sector Perform”. The firm earned “Sell” rating on Wednesday, February 24 by UBS. The rating was maintained by Citigroup with “Neutral” on Friday, September 2. The stock of Campbell Soup Company (NYSE:CPB) has “Sector Perform” rating given on Friday, September 4 by RBC Capital Markets. The stock has “Hold” rating by Stifel Nicolaus on Monday, January 23.

More notable recent Campbell Soup Company (NYSE:CPB) news were published by: which released: “Wilbur Ross needs another prop, Campbell says tariffs will make soup cans more …” on March 02, 2018, also with their article: “FuelCell Energy Announces New Five-Megawatt Project with Campbell Soup Company” published on March 01, 2018, published: “Campbell Soup: Buyers To Step In?” on March 13, 2018. More interesting news about Campbell Soup Company (NYSE:CPB) were released by: and their article: “Mark Alexander, President of Americas Simple Meals and Beverages, to Leave …” published on March 19, 2018 as well as‘s news article titled: “Alexander to leave the Campbell Soup Co.” with publication date: March 20, 2018.

Campbell Soup Company, together with its subsidiaries, makes and markets food and beverage products. The company has market cap of $12.59 billion. It operates through three divisions: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. It has a 12.07 P/E ratio. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell??s condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell??s gravies, pastas, beans, and dinner sauces; Swanson canned poultry; Plum food and snacks; V8 juices and beverages; and Campbell??s tomato juices.

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