UTZ - Food stocks trade lower after Campbell Soup warns on margins

chee gin tan/E+ via Getty Images Packaged food stocks are weaker on the day after Campbell Soup ([[CPB]] -5.4%) lowered its profit forecast. The biggest takeaway from the update was that Campbell Soup does not expect to pass on all of its cost inflation to consumers. Supply chain issues dating back to the Texas winter storms are still being felt in the food industry. "Price hikes are a 'cold comfort' and expect investors to view food companies with a skeptical eye in the next few quarters," warns J.P. Morgan analyst Ken Goldman on the setup ahead. Notable decliners on the day include Conagra Brands ([[CAG]] -2.9%), General Mills ([[GIS]] -1.8%), Utz Brands ([[UTZ]] -2.1%), Kraft Heinz ([[KHC]] -1.5%) and TreeHouse Foods ([[THS]] -1.2%). The Campbell updates appears to be also tilting sentiment with food suppliers. Chefs' Warehouse ([[CHEF]] -2.3%), US Foods ([[USFD]] -2.0%), Andersons ([[ANDE]] -2.0%), SpartanNash ([[SPTN]] -1.2%) and

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Food stocks trade lower after Campbell Soup warns on margins