News coverage about Campbell Soup Company (NYSE:CPB) has been trending somewhat positive this week, Alpha One Sentiment reports. Alpha One, a division of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Campbell Soup Company earned a coverage optimism score of 0.09 on Alpha One’s scale. Alpha One also assigned news coverage about the company an impact score of 89 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Alpha One’s rankings:
Shares of Campbell Soup Company (NYSE:CPB) traded up 0.28% during trading on Friday, hitting $57.40. The company’s stock had a trading volume of 680,081 shares. The stock has a market cap of $17.47 billion, a PE ratio of 35.76 and a beta of 0.46. Campbell Soup Company has a one year low of $52.59 and a one year high of $67.89. The company has a 50-day moving average price of $57.22 and a 200-day moving average price of $58.37.
Campbell Soup Company (NYSE:CPB) last posted its quarterly earnings data on Friday, February 17th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company earned $2.17 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. Equities analysts predict that Campbell Soup Company will post $3.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Wednesday, April 12th were given a $0.35 dividend. The ex-dividend date was Monday, April 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.44%. Campbell Soup Company’s payout ratio is currently 66.04%.
A number of equities analysts have issued reports on the company. Wells Fargo & Co reiterated a “market perform” rating on shares of Campbell Soup Company in a research report on Monday, February 27th. Stifel Nicolaus increased their price target on Campbell Soup Company from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, January 23rd. Zacks Investment Research upgraded Campbell Soup Company from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, January 10th. Royal Bank of Canada increased their price target on Campbell Soup Company from $60.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 15th. Finally, Deutsche Bank AG assumed coverage on Campbell Soup Company in a research report on Wednesday, February 15th. They set a “hold” rating and a $65.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $60.17.
In other news, Director Bennett Dorrance acquired 915,766 shares of the firm’s stock in a transaction on Thursday, March 30th. The stock was bought at an average cost of $57.34 per share, with a total value of $52,510,022.44. Following the transaction, the director now directly owns 24,978 shares in the company, valued at approximately $1,432,238.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 37.30% of the company’s stock.
About Campbell Soup Company
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.