News headlines about Campbell Soup Company (NYSE:CPB) have trended positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a service of Accern, identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Campbell Soup Company earned a media sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also assigned news articles about the company an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted AlphaOne’s analysis:
- Campbell Soup : Mm-Mm, Not So Good! Campbell Soup Sales Miss Targets (4-traders.com)
- Campbell Soup Co. (CPB) Has Fallen To A 6-Month Low After Q3 Report (rttnews.com)
- Campbell Soup’s (CPB) CEO Denise Morrison on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Campbell Soup Company (NASDAQ:CPB) To Report Earnings (getyourxbacknow.com)
- Campbell Soup misses Wall Street forecasts, cuts sales outlook (usatoday.com)
Several equities research analysts recently commented on CPB shares. Sanford C. Bernstein lowered Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 target price on the stock. in a research report on Tuesday, March 21st. Royal Bank of Canada restated a “sector perform” rating and set a $60.00 target price (down previously from $63.00) on shares of Campbell Soup Company in a research report on Tuesday, February 21st. Deutsche Bank AG started coverage on Campbell Soup Company in a research report on Wednesday, February 15th. They set a “hold” rating and a $65.00 target price on the stock. Zacks Investment Research lowered Campbell Soup Company from a “buy” rating to a “hold” rating in a research report on Wednesday, February 22nd. Finally, Wells Fargo & Co restated a “market perform” rating on shares of Campbell Soup Company in a research report on Monday, February 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $60.17.
Campbell Soup Company (NYSE:CPB) traded down 2.04% on Friday, hitting $55.78. The stock had a trading volume of 3,140,768 shares. The company has a market cap of $16.98 billion, a P/E ratio of 34.75 and a beta of 0.46. Campbell Soup Company has a 1-year low of $52.58 and a 1-year high of $67.89. The stock has a 50 day moving average price of $57.12 and a 200 day moving average price of $58.62.
Campbell Soup Company (NYSE:CPB) last issued its quarterly earnings results on Friday, May 19th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.05. Campbell Soup Company had a return on equity of 58.62% and a net margin of 8.30%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts expect that Campbell Soup Company will post $3.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Wednesday, April 12th were given a $0.35 dividend. The ex-dividend date was Monday, April 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.46%. Campbell Soup Company’s dividend payout ratio is currently 66.04%.
In related news, Director Bennett Dorrance purchased 915,766 shares of the company’s stock in a transaction dated Thursday, March 30th. The shares were purchased at an average cost of $57.34 per share, with a total value of $52,510,022.44. Following the transaction, the director now directly owns 24,978 shares in the company, valued at approximately $1,432,238.52. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 37.30% of the company’s stock.
About Campbell Soup Company
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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