Campbell Soup (CPB) Earning Somewhat Favorable News Coverage, Study Shows
Media headlines about Campbell Soup (NYSE:CPB) have been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Campbell Soup earned a coverage optimism score of 1.44 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Campbell Soup’s analysis:
- Activist investor tries new tactic in Campbell Soup fight (kpax.com)
- Loeb no longer wants to replace everyone on Campbell Soup board (bizjournals.com)
- SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Campbell Soup Company of Class Action Lawsuit and Upcoming Deadline – CPB (feeds.benzinga.com)
- UPDATE 2-Campbell Soup offers to add two Third Point nominees to board (feeds.reuters.com)
- Campbell Issues Letter to Shareholders on Its Commitment to Board Refreshment (marketwatch.com)
Shares of CPB traded up $0.77 during mid-day trading on Friday, hitting $38.97. The stock had a trading volume of 2,639,468 shares, compared to its average volume of 3,225,047. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.65 and a beta of 0.13. The company has a current ratio of 0.64, a quick ratio of 0.31 and a debt-to-equity ratio of 5.83. Campbell Soup has a fifty-two week low of $32.63 and a fifty-two week high of $51.07.
The company also recently announced a quarterly dividend, which was paid on Monday, October 29th. Stockholders of record on Friday, October 12th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.59%. Campbell Soup’s payout ratio is 48.78%.
A number of brokerages have weighed in on CPB. Wells Fargo & Co set a $42.00 price objective on Campbell Soup and gave the company a “hold” rating in a research note on Monday, August 20th. Piper Jaffray Companies set a $35.00 price objective on Campbell Soup and gave the company a “sell” rating in a research note on Tuesday, August 14th. UBS Group set a $30.00 price objective on Campbell Soup and gave the company a “sell” rating in a research note on Thursday, August 23rd. Gabelli restated a “buy” rating on shares of Campbell Soup in a research note on Monday, July 16th. Finally, Credit Suisse Group set a $36.00 price objective on Campbell Soup and gave the company a “sell” rating in a research note on Friday, August 31st. Twelve equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Sell” and an average price target of $39.87.
In other news, insider Luca Mignini bought 5,494 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The stock was bought at an average price of $36.41 per share, for a total transaction of $200,036.54. Following the transaction, the insider now owns 112,990 shares in the company, valued at $4,113,965.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 37.20% of the stock is currently owned by company insiders.
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About Campbell Soup
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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