Campbell Soup (CPB) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Headlines about Campbell Soup (NYSE:CPB) have trended somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Campbell Soup earned a media sentiment score of 1.14 on their scale. InfoTrie also assigned news coverage about the company an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Campbell Soup’s ranking:
- Influential proxy advisory board weighs in on fight over Campbell Soup (msn.com)
- Hedge fund billionaire battles patrician family for Campbell Soup (thestar.com)
- CAMPBELL SOUP SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF … (apnews.com)
- Campbell Soup to release fiscal Q1 numbers November 20 (nasdaq.com)
- Campbell Soup’s Fate Hangs on Duel Between Company Heirs and ‘Interloper’ (nytimes.com)
A number of research analysts recently issued reports on the stock. Wells Fargo & Co set a $42.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a research report on Monday, August 20th. Piper Jaffray Companies set a $35.00 price objective on shares of Campbell Soup and gave the stock a “sell” rating in a report on Tuesday, August 14th. UBS Group set a $33.00 price objective on shares of Campbell Soup and gave the stock a “sell” rating in a report on Friday. Credit Suisse Group set a $36.00 price objective on shares of Campbell Soup and gave the stock a “sell” rating in a report on Friday, August 31st. Finally, Deutsche Bank lowered their price objective on shares of Campbell Soup from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Friday, August 31st. Twelve analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Campbell Soup currently has an average rating of “Sell” and a consensus target price of $39.73.
Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Thursday, August 30th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The business’s revenue was up 33.4% on a year-over-year basis. As a group, equities analysts forecast that Campbell Soup will post 2.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 29th. Stockholders of record on Friday, October 12th were paid 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 3.62%. Campbell Soup’s payout ratio is 48.78%.
In other news, insider Luca Mignini bought 5,494 shares of Campbell Soup stock in a transaction dated Tuesday, October 2nd. The stock was purchased at an average price of $36.41 per share, for a total transaction of $200,036.54. Following the purchase, the insider now directly owns 112,990 shares in the company, valued at approximately $4,113,965.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 37.20% of the company’s stock.
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Campbell Soup Company Profile
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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