Headlines about Campbell Soup Company (NYSE:CPB) have trended somewhat positive on Friday, according to Alpha One Sentiment. Alpha One, a service of Accern, identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Campbell Soup Company earned a news impact score of 0.17 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 86 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Alpha One Sentiment’s scoring:
- Campbell Soup Company Ranked Among Top 5 Best Corporate Citizens (businesswire.com)
- Winter Is Over, but Campbell Soup Is Still Attractive (finance.yahoo.com)
- CORRECTING and REPLACING Campbell Soup Company Ranked Among Top 5 Best Corporate Citizens (finance.yahoo.com)
- Passive Negligence – The Soaring Popularity Of “Cover Your Eyes & Buy” Investing (thebitcoinnews.com)
- Passive Negligence Part II (talkmarkets.com)
Campbell Soup Company (NYSE:CPB) traded down 0.02% during trading on Friday, reaching $57.49. The company’s stock had a trading volume of 93,743 shares. The company has a market capitalization of $17.50 billion, a P/E ratio of 35.82 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 company’s 50-day moving average is $57.81 and its 200-day moving average is $58.12.
Campbell Soup Company (NYSE:CPB) last announced its quarterly earnings data on Friday, February 17th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Equities analysts anticipate that Campbell Soup Company will post $3.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Wednesday, April 12th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.43%. Campbell Soup Company’s dividend payout ratio (DPR) is 66.04%.
A number of brokerages have weighed in on CPB. Stifel Nicolaus raised their price objective on Campbell Soup Company from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, January 23rd. Zacks Investment Research lowered Campbell Soup Company from a “buy” rating to a “hold” rating in a report on Tuesday, February 14th. Royal Bank of Canada decreased their price objective on Campbell Soup Company from $63.00 to $60.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 21st. Deutsche Bank AG began coverage on Campbell Soup Company in a report on Wednesday, February 15th. They issued a “hold” rating and a $65.00 price objective on the stock. Finally, Sanford C. Bernstein lowered Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 price objective on the stock. in a report on Tuesday, March 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $60.17.
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In other news, Director Bennett Dorrance acquired 915,766 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The shares were acquired at an average cost of $57.34 per share, with a total value of $52,510,022.44. Following the completion of the purchase, the director now directly owns 24,978 shares of the company’s stock, valued at approximately $1,432,238.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 37.30% of the company’s stock.
Campbell Soup Company 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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