Media stories about Campbell Soup (NYSE:CPB) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Campbell Soup earned a news impact score of 0.08 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.0210826496505 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
Campbell Soup (NYSE:CPB) traded down $1.53 during mid-day trading on Friday, hitting $46.17. The stock had a trading volume of 7,060,102 shares, compared to its average volume of 2,530,000. Campbell Soup has a 52 week low of $43.50 and a 52 week high of $60.49. The company has a market cap of $13,880.00, a price-to-earnings ratio of 15.04, a P/E/G ratio of 3.75 and a beta of 0.32. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.39 and a current ratio of 0.77.
Campbell Soup (NYSE:CPB) last announced its earnings results on Friday, February 16th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. Campbell Soup’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. research analysts expect that Campbell Soup will post 2.95 earnings per share for the current fiscal year.
Campbell Soup declared that its Board of Directors has approved a stock repurchase program on Monday, December 18th that allows the company to repurchase outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Monday, November 20th. Citigroup reiterated a “neutral” rating and issued a $54.00 price objective (up from $50.00) on shares of Campbell Soup in a research note on Wednesday, December 20th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $50.00 price objective on shares of Campbell Soup in a research note on Friday, December 15th. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Wolfe Research assumed coverage on Campbell Soup in a research note on Friday, January 26th. They issued a “market perform” rating on the stock. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Campbell Soup presently has an average rating of “Hold” and an average target price of $50.08.
In other news, SVP Carlos Barroso sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $48.86, for a total value of $210,098.00. Following the transaction, the senior vice president now directly owns 29,119 shares of the company’s stock, valued at approximately $1,422,754.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Carolan sold 6,500 shares of the business’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 directly owns 41,506 shares in the company, valued at $1,998,513.90. The disclosure for this sale can be found here. Insiders sold a total of 15,284 shares of company stock worth $741,399 over the last three months. 37.20% of the stock is owned by company insiders.
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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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