Campbell Soup Company woos consumers with more plant-based products

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In the latest earnings report the EPS was $2.89 with 300.53M shares now outstanding. Schwab Charles Investment Management Inc. now owns 850,980 shares of the company's stock valued at $44,379,000 after acquiring an additional 236,417 shares during the last quarter.

Campbell Soup Company (NYSE:CPB) closed its last session at $49.93. Campbell Soup's revenue for the quarter was down 1.9% compared to the same quarter last year. research analysts predict that Campbell Soup Company will post 3.07 EPS for the current fiscal year.

Campbell earned 92 cents per share before one-time items on revenue of $2.16 billion in the first quarter ended October 29.

The company also said delays in finalizing an agreement with a key customer over a promotional program would deepen its soup sales losses in the United States in the first half of the year.

On average, analysts polled by Thomson Reuters expect earnings of $3.05 per share on sales of $7.88 billion for the year.

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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.

Campbell Soup said revenue during the quarter declined 2% to $2.16 billion, narrowly missing analysts who forecast $2.17 billion. The value of the investment in Campbell Soup Company decreased from $18,037,000 to $15,511,000 decreasing 14.0% since the last quarter.

The bad news for CPB stock starts today with earnings per share of 92 cents. Further, the firm has debt to equity ratio of 2.16, sometimes it remain same with long term debt to equity ratio. According to their observations and findings, the stock could provide a high EPS of $1/share and a low EPS of $0.92/share. September 11 investment analysts at Piper Jaffray Companies held the stock rating at "Neutral" with a current price target of $50.00. Zacks Investment Research upgraded Campbell Soup from a "sell" rating to a "hold" rating in a report on Tuesday, August 29th. Morgan Stanley lowered the price target on October 13 changing the price objective from $47.00 to $46.00 and stated a "Underweight" rating. Goldman Sachs Group, Inc. The company has an average rating of Hold and an average price target of $50.45. If you are reading this report on another publication, it was illegally stolen and republished in violation of USA & worldwide copyright legislation. The acquisition was disclosed in a filing with the SEC, which is available at this link. The shares were purchased at an average cost of $46.47 per share, for a total transaction of $199,821.00. The disclosure for this purchase can be found here.

Campbell Soup and other packaged food manufacturers have faced an exodus of consumers fleeing processed foods in favor of more natural, organic and better-for-you items with a list of recognizable ingredients.

Revenue from its Americas Simple Meals and Beverages unit dipped 5% on the back of lower soup and V8 beverage demand. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.