Favorable Media Coverage Somewhat Unlikely to Affect Campbell Soup (CPB) Stock Price
Headlines about Campbell Soup (NYSE:CPB) have been trending positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Campbell Soup earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.0932591962751 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Campbell Soup (CPB) Receives Daily Coverage Optimism Score of 0.23 (famososartistas.com)
- Campbell Soup (NYSE:CPB) Earns Daily News Sentiment Rating of 0.23 (ismboard.com)
- See what the IHS Markit Score report has to say about Campbell Soup Co. (finance.yahoo.com)
- Barclays PLC Reaffirms Sell Rating for Campbell Soup Company (CPB) – ExpressNewsline (expressnewsline.com)
- 15 Ways Food Companies Try to Convince You Their Packaged Products Are ‘Natural’ (finance.yahoo.com)
Shares of Campbell Soup (NYSE CPB) traded up 0.08% on Thursday, hitting $53.25. 1,290,232 shares of the stock traded hands. Campbell Soup has a 52 week low of $50.62 and a 52 week high of $64.23. The stock has a 50 day moving average price of $52.42 and a 200-day moving average price of $57.04. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 33.62 and a beta of 0.34.
Campbell Soup (NYSE:CPB) last released its earnings results on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Campbell Soup had a net margin of 6.17% and a return on equity of 59.83%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts forecast that Campbell Soup will post $3.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 13th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, July 11th. Campbell Soup’s payout ratio is currently 88.05%.
Several equities research analysts recently issued reports on CPB shares. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research note on Wednesday, June 28th. Credit Suisse Group set a $50.00 target price on shares of Campbell Soup and gave the company a “sell” rating in a research note on Friday, July 7th. BidaskClub downgraded shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a research note on Tuesday, July 18th. Finally, Morgan Stanley cut their target price on shares of Campbell Soup from $55.00 to $52.00 and set an “underweight” rating for the company in a research note on Tuesday, July 18th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $57.24.
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Campbell Soup Company Profile
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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