Media stories about Campbell Soup (NYSE:CPB) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Campbell Soup earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.7947386662323 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Campbell Soup (NYSE CPB) traded up $1.14 during midday trading on Friday, hitting $47.39. The company had a trading volume of 2,480,000 shares, compared to its average volume of 2,500,000. Campbell Soup has a fifty-two week low of $44.99 and a fifty-two week high of $64.23. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The firm has a market cap of $14,250.00, a PE ratio of 16.57, a PEG ratio of 3.69 and a beta of 0.39.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.05). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $1.00 EPS. sell-side analysts predict that Campbell Soup will post 2.95 earnings per share for the current fiscal year.
Campbell Soup declared that its board has approved a stock repurchase plan on Monday, December 18th that permits the company to repurchase shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Several equities analysts recently weighed in on the company. Citigroup raised Campbell Soup from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $45.51 to $57.00 in a research report on Tuesday. Royal Bank of Canada reissued a “hold” rating and set a $53.00 price objective (down previously from $55.00) on shares of Campbell Soup in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. reissued a “hold” rating and set a $50.00 price objective on shares of Campbell Soup in a research report on Friday, December 15th. Piper Jaffray Companies set a $49.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Finally, Credit Suisse Group set a $41.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Campbell Soup presently has a consensus rating of “Hold” and an average target price of $50.08.
In other Campbell Soup news, insider Edward Carolan sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $48.15, for a total value of $312,975.00. Following the completion of the transaction, the insider now owns 41,506 shares of the company’s stock, valued at approximately $1,998,513.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Randall W. Larrimore sold 2,242 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $48.69, for a total value of $109,162.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,284 shares of company stock valued at $741,399. Insiders own 37.20% of the company’s stock.
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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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