Media stories about Campbell Soup (NYSE:CPB) have trended somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Campbell Soup earned a news impact score of 0.21 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.1245014689727 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Snacks maker Snyder’s-Lance hires bank after Campbell Soup approach: CNBC (reuters.com)
- Could Campbell Soup’s Earnings Decline in Fiscal 2018? (finance.yahoo.com)
- Campbell Soup eyeing Snyder's-Lance (finance.yahoo.com)
- Snacks company Snyder’s-Lance hires bank to weigh sale after Campbell approach (cnbc.com)
- Campbell Soup Company (NYSE: CPB) – Hot Stock’s Highlights – Alpha Beta Stock (alphabetastock.com)
Several research firms recently weighed in on CPB. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Royal Bank of Canada reduced their price target on shares of Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating for the company in a research report on Monday, November 20th. Piper Jaffray Companies restated a “neutral” rating and set a $50.00 price target (down previously from $56.00) on shares of Campbell Soup in a research report on Monday, September 11th. Credit Suisse Group set a $41.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Finally, Morgan Stanley restated an “underweight” rating and set a $47.00 price target (down previously from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Seven analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Campbell Soup has an average rating of “Hold” and a consensus price target of $49.91.
Campbell Soup (NYSE:CPB) traded down $0.63 during mid-day trading on Thursday, reaching $48.56. 3,117,426 shares of the company’s stock were exchanged, compared to its average volume of 2,027,246. The firm has a market cap of $14,650.00, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 3.78 and a beta of 0.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.42 and a current ratio of 0.77. Campbell Soup has a 12 month low of $44.99 and a 12 month high of $64.23.
Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.05). The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. analysts anticipate that Campbell Soup will post 2.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.88%. Campbell Soup’s payout ratio is 48.95%.
In other Campbell Soup news, insider Luca Mignini acquired 4,300 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was bought at an average price of $46.47 per share, for a total transaction of $199,821.00. Following the acquisition, the insider now owns 88,178 shares in the company, valued at $4,097,631.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Perrin sold 2,304 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by corporate insiders.
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About Campbell Soup
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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