Campbell Soup Buy Shouldn't Bowl Over Investors

Campbell Soup Buy Shouldn't Bowl Over Investors”

Campbell Soup Company (NYSE:CPB) plans to acquire Tualatin, Ore. -based organic soup company Pacific Foods for $700 million.

It is the fifth acquisition in as many years for the New Jersey-based company: it follows deals for Bolthouse Farms in 2012, organic baby food producer Plum in 2013, and fresh salsa and hummus maker Garden Fresh Gourmet in 2015. Gabelli Funds Ltd Co has invested 0.16% in Campbell Soup Company (NYSE:CPB).

The company said the move was its best bet for continuing to grow its business in soup, broth and plant-based beverages.

Campbell Soup Company (NYSE:CPB) traded down 0.35% during mid-day trading on Monday, reaching $51.40. Shareholders of record on Thursday, July 13th will be given a dividend of $0.35 per share. The company has a consensus rating of "Hold" and a consensus price target of $59.18. Over the last week of the month, it was -0.79%, -8.85% over the last quarter, and -15.35% for the past six months. The legal version of this story can be accessed at Research analysts expect Campbell Soup Company to earn $3.22 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 43.5%. It has a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, July 11th.

The firm's $50/share target price for Campbell represents a 15.5x forward P/E on its 2018 EPS and a valuation discount of 15% to food peers compared to 8% historically. Campbell Soup Company's revenue was down.9% compared to the same quarter previous year.

ILLEGAL ACTIVITY WARNING: "Janus Capital Management LLC Lowers Stake in Campbell Soup Company (NYSE:CPB)" was originally published by BBNS and is the property of of BBNS. Dimensional Fund Advisors LP raised its position in shares of Campbell Soup Company by 3.1% in the fourth quarter. If you are accessing this article on another publication, it was illegally copied and reposted in violation of US and worldwide trademark & copyright laws. Sanford C. Bernstein downgraded Campbell Soup Company from a "market perform" rating to an "underperform" rating and set a $54.00 price objective for the a research report on Tuesday, March 21st. BidaskClub lowered shares of Campbell Soup Company from a "sell" rating to a "strong sell" rating in a research report on Saturday, June 24th.

We are lowering our target price on Campbell Soup to $50 from $53 to reflect lower valuation multiples across the packaged-foods space. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock.

Campbell's will invest to expand research and development, marketing, and distribution of the Pacific Foods products, the press release said. Pacific will fold into the Americas Simple Meals division under Mark Alexander and Campbell will provide immediate engineering, logistics, and back office support to reduce costs.

Post closing, Campbell Soup said that Pacific Foods will become part of its Americas Simple Meals and Beverages division, which includes Campbell's soup, simple meals and shelf-stable beverage units in the US, Canada and Latin America.

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