Campbell Soup (NYSE:CPB) Receiving Somewhat Positive Media Coverage, Analysis Finds

Media stories about Campbell Soup (NYSE:CPB) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Campbell Soup earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.7221482430654 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

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Several brokerages recently issued reports on CPB. Credit Suisse Group restated an “underperform” rating and issued a $40.00 price target on shares of Campbell Soup in a research report on Monday. Wolfe Research initiated coverage on Campbell Soup in a research report on Friday, January 26th. They set a “market perform” rating on the stock. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Goldman Sachs reiterated a “sell” rating and set a $43.00 target price on shares of Campbell Soup in a research report on Friday. Finally, Citigroup reiterated a “neutral” rating and set a $54.00 target price (up previously from $50.00) on shares of Campbell Soup in a research report on Wednesday, December 20th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Campbell Soup currently has an average rating of “Hold” and an average target price of $49.60.

Shares of CPB traded down $0.28 on Tuesday, reaching $42.53. The stock had a trading volume of 2,083,078 shares, compared to its average volume of 2,899,089. The stock has a market cap of $12,760.77, a P/E ratio of 14.16, a P/E/G ratio of 2.42 and a beta of 0.32. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.35. Campbell Soup has a twelve month low of $40.99 and a twelve month high of $59.14.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Friday, February 16th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Campbell Soup had a return on equity of 54.10% and a net margin of 13.41%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The company’s revenue was up .4% compared to the same quarter last year. research analysts expect that Campbell Soup will post 3.1 EPS for the current fiscal year.

Campbell Soup announced that its board has initiated a share repurchase plan on Monday, December 18th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Wednesday, April 11th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Tuesday, April 10th. Campbell Soup’s payout ratio is currently 46.05%.

In related news, insider Luca Mignini bought 4,400 shares of Campbell Soup stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average price of $45.53 per share, with a total value of $200,332.00. Following the purchase, the insider now owns 87,814 shares in the company, valued at $3,998,171.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.20% of the stock is currently owned by corporate insiders.

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Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products. It operates through three segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry; Plum food and snacks; V8 juices and beverages; and Campbell's tomato juices.

Insider Buying and Selling by Quarter for Campbell Soup (NYSE:CPB)

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