Somewhat Positive News Coverage Somewhat Unlikely to Impact Campbell Soup (CPB) Stock Price

News articles about Campbell Soup (NYSE:CPB) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Campbell Soup earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9515538998414 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s rankings:

Several research analysts have recently commented on the company. Royal Bank of Canada set a $56.00 target price on Campbell Soup and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group set a $41.00 target price on Campbell Soup and gave the stock a “sell” rating in a research note on Friday, November 24th. Piper Jaffray Companies set a $50.00 price target on Campbell Soup and gave the company a “hold” rating in a research note on Wednesday, October 11th. UBS Group reduced their price target on Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a research note on Thursday, November 9th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $50.00 price target on shares of Campbell Soup in a research note on Friday, December 15th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $49.83.

Campbell Soup (NYSE CPB) opened at $45.51 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.39 and a debt-to-equity ratio of 1.34. Campbell Soup has a fifty-two week low of $44.99 and a fifty-two week high of $64.23. The company has a market capitalization of $13,680.62, a price-to-earnings ratio of 15.48, a PEG ratio of 3.58 and a beta of 0.39.

Campbell Soup (NYSE:CPB) last issued its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company earned $1.00 EPS. Campbell Soup’s revenue for the quarter was down 1.9% on a year-over-year basis. 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 initiated a share repurchase program on Monday, December 18th that permits the company to repurchase shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 3.08%. Campbell Soup’s payout ratio is presently 48.95%.

In related news, Director Randall W. Larrimore sold 2,242 shares of the company’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $48.69, for a total transaction of $109,162.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Carolan sold 6,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total value of $312,975.00. Following the sale, the insider now owns 41,506 shares in the company, valued at approximately $1,998,513.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,284 shares of company stock valued at $741,399. Insiders own 37.20% of the company’s stock.

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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.

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

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