Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Campbell Soup fell $0.57 (-1.4%) to $38.80 on heavy volume. Throughout the day, 2,975,685 shares of Campbell Soup exchanged hands as compared to its average daily volume of 1,820,500 shares. The stock ranged in price between $38.68-$39.23 after having opened the day at $39.08 as compared to the previous trading day's close of $39.37. Other companies within the Food & Beverage industry that declined today were:
), down 10.7%,
), down 4.6%,
), down 3.8% and
), down 3.4%.
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Campbell Soup Company, together with its subsidiaries, manufactures and markets branded convenience food products. It operates through U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages; and Bolthouse and Foodservice segments. Campbell Soup has a market cap of $12.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 11.5% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Campbell Soup a buy, 3 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Campbell Soup Ratings Report.
On the positive front,
), up 7.1%,
), up 3.3%,
), up 3.1% and
), up 2.9%.
- Use our food & beverage section to find industry-relevant news.
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) while those bearish on the food & beverage industry could consider
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