News articles about Campbell Soup (NYSE:CPB) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Campbell Soup earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.1886496795778 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- NxStage Medical, Inc. (NASDAQ:NXTM) Experiences Heavier than Usual Trading Volume (vothemes.com)
- Campbell Soup (CPB) Receives Daily Coverage Optimism Score of 0.23 (famososartistas.com)
- Campbell Soup (NYSE:CPB) Earns Daily News Sentiment Rating of 0.23 (ismboard.com)
- See what the IHS Markit Score report has to say about Campbell Soup Co. (finance.yahoo.com)
- Barclays PLC Reaffirms Sell Rating for Campbell Soup Company (CPB) – ExpressNewsline (expressnewsline.com)
Shares of Campbell Soup (CPB) traded up 0.68% on Friday, reaching $53.61. The company’s stock had a trading volume of 1,480,518 shares. The stock has a market capitalization of $16.25 billion, a P/E ratio of 33.84 and a beta of 0.34. The company has a 50 day moving average of $52.41 and a 200 day moving average of $56.97. Campbell Soup has a 1-year low of $50.62 and a 1-year high of $64.23.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.05. Campbell Soup had a return on equity of 59.83% and a net margin of 6.17%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm earned $0.65 EPS. Campbell Soup’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts expect that Campbell Soup will post $3.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 13th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.61%. Campbell Soup’s dividend payout ratio is currently 88.05%.
Several equities analysts recently weighed in on the stock. Barclays PLC reiterated a “sell” rating on shares of Campbell Soup in a report on Tuesday, July 25th. Credit Suisse Group set a $47.00 price objective on shares of Campbell Soup and gave the stock a “sell” rating in a research note on Sunday, July 23rd. Zacks Investment Research cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $60.00 price objective on shares of Campbell Soup and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Finally, Morgan Stanley dropped their price objective on shares of Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.24.
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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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