Campbell Soup (CPB) Receives Daily News Sentiment Score of 0.08
Media headlines about Campbell Soup (NYSE:CPB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Campbell Soup earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.0210826496505 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Campbell Soup (CPB) Tops Q2 EPS by 19c, Beats on Revenues (streetinsider.com)
- CORPORATE REPORT: Coca-Cola; Kraft Heinz; Deere; Campbell Soup; McClatchy – Sarasota Herald-Tribune (heraldtribune.com)
- Chart of the Day: Is Campbell Soup in a Death Spiral? – TheStreet.com (thestreet.com)
- Campbell’s Spat With Walmart Over Soup Is Hurting Sales (fortune.com)
- Campbell Soup Posting Notable Loss In Late-Day Trading (nasdaq.com)
Several research firms have issued reports on CPB. Wolfe Research began coverage on Campbell Soup in a report on Friday, January 26th. They set a “market perform” rating on the stock. UBS Group reduced their price objective on Campbell Soup from $42.00 to $41.00 and set a “sell” rating on the stock in a report on Wednesday, November 22nd. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Piper Jaffray Companies set a $49.00 price objective on Campbell Soup and gave the stock a “hold” rating in a report on Tuesday, November 28th. Finally, Citigroup reaffirmed a “neutral” rating and set a $54.00 price objective (up previously from $50.00) on shares of Campbell Soup in a report on Wednesday, December 20th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $50.08.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Friday, February 16th. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.19. The company 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%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. analysts predict that Campbell Soup will post 2.95 EPS for the current year.
Campbell Soup declared that its board has authorized a share buyback 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 leadership believes its stock is undervalued.
In related news, Director Randall W. Larrimore sold 2,242 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.69, for a total value of $109,162.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Carolan sold 6,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total transaction of $312,975.00. Following the completion of the sale, the insider now owns 41,506 shares of the company’s stock, valued at approximately $1,998,513.90. The disclosure for this sale can be found here. In the last three months, insiders sold 15,284 shares of company stock worth $741,399. 37.20% of the stock is currently owned by company insiders.
About Campbell Soup
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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