Campbell Soup (CPB) Earns Media Sentiment Rating of 0.12
News stories about Campbell Soup (NYSE:CPB) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. 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 0.12 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.4555543196522 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Campbell Soup (CPB) Names Francisco Fraga as Chief Technology & Information Officer (streetinsider.com)
- Campbell Soup names Fraga to lead global IT functions (seekingalpha.com)
- After hours buzz: AIG, CPB & more (cnbc.com)
- Campbell Soup Co. (CPB) Is Heading Higher After Francisco Fraga Appointment (rttnews.com)
- Campbell Appoints Francisco Fraga Chief Technology and Information Officer (finance.yahoo.com)
Campbell Soup (CPB) opened at 45.51 on Tuesday. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 15.75 and a beta of 0.36. The stock’s 50 day moving average is $48.09 and its 200 day moving average is $53.48. Campbell Soup has a 12-month low of $45.00 and a 12-month high of $64.23.
Campbell Soup (NYSE:CPB) last posted its earnings results on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company earned $0.46 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Equities analysts predict that Campbell Soup will post $3.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.40 dividend on an annualized basis and a yield of 3.08%. Campbell Soup’s payout ratio is 48.44%.
Several analysts have commented on the stock. Credit Suisse Group set a $47.00 price objective on shares of Campbell Soup and gave the stock a “sell” rating in a report on Sunday, July 23rd. J P Morgan Chase & Co reiterated a “neutral” rating and set a $55.00 target price (down from $60.00) on shares of Campbell Soup in a report on Wednesday, June 28th. Piper Jaffray Companies reiterated a “neutral” rating and set a $50.00 target price (down from $56.00) on shares of Campbell Soup in a report on Monday, September 11th. Barclays PLC reiterated a “sell” rating on shares of Campbell Soup in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a report on Tuesday, July 18th. 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 company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.00.
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In other news, insider Luca Mignini bought 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was bought at an average price of $46.47 per share, with a total value of $199,821.00. Following the completion of the transaction, the insider now directly owns 88,178 shares of the company’s stock, valued at approximately $4,097,631.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 37.30% of the company’s stock.
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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