Somewhat Positive News Coverage Somewhat Unlikely to Affect Campbell Soup (CPB) Share Price
Headlines about Campbell Soup (NYSE:CPB) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news 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 coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.3760422271326 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities analysts have recently commented on CPB shares. Royal Bank Of Canada set a $56.00 target price on Campbell Soup and gave the company a “hold” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $50.00 price target on Campbell Soup and gave the company a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank reiterated a “hold” rating and issued a $51.00 price target (down from $58.00) on shares of Campbell Soup in a research note on Friday, September 1st. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Goldman Sachs Group cut their target price on Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Sunday, September 3rd. Seven analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $49.91.
Shares of Campbell Soup (CPB) traded down $0.33 on Friday, hitting $48.95. The stock had a trading volume of 1,595,236 shares, compared to its average volume of 3,166,995. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.42 and a current ratio of 0.77. The firm has a market cap of $14,710.89, a P/E ratio of 16.65, a PEG ratio of 3.72 and a beta of 0.40. Campbell Soup has a 12 month low of $44.99 and a 12 month high of $64.23.
Campbell Soup (NYSE:CPB) last issued its earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis. equities research analysts predict that Campbell Soup will post 2.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 annualized dividend and a yield of 2.86%. Campbell Soup’s payout ratio is 48.95%.
In other news, insider Luca Mignini bought 4,300 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were purchased at an average price of $46.47 per share, with a total value of $199,821.00. Following the transaction, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction that occurred on Friday, October 6th. The stock was 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 company 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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