Campbell Soup Makes a Cold Dish for Growth-Hungry Investors

NEW YORK (TheStreet) -– With shares down more than 6% over the past two months, investors are hungry for any news that will heat up Campbell Soup (CPB) stock. They didn't get it last week and probably won't for some time.

There are better -- and cheaper -- food-related companies worth your investment, starting with General Mills (GIS) .

Campbell's, known for its cans of soups, Pepperidge Farm snacks, V8 products and Spaghettios missed revenue estimates, which sent the shares lower by another 2.5% the day after the earnings report.

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With the stock at $43.50, Campbell shares are up close to 3% for the past 52 weeks but less than 1% on the year to date, trailing the 7.75% gain in the S&P 500, according to CNN Money. Campbell shares can get even colder unless management figures out a way to get the company out of the flat revenue range where it has been for the past decade.

These shares are not cheap. The stock is trading at a trailing price-to-earnings ratio of more than 26. This is one point higher than the industry average P/E of 25, according to Yahoo! Finance.

Shareholders can do well if management can grow the company's core business and deliver on new products. Margins seem to be under pressure. The 2015 guidance suggests revenue growth of just 2% on the high range.

Investors, consider parking your money elsewhere.

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