Worldwide

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 https://www.chaffeybreeze.com/2017/07/10/fny-managed-accounts-llc-takes-position-in-campbell-soup-company-cpb-updated.html. 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 company.in 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.



Like this

Latest


15 September 2017
ShangriLa is online casino with guarantee of won money pay outs
Shangri La proposes games for any taste A large selection of slot games allows anyone to choose a game for any discerning taste. This is the best place to spend your free time with pleasure, stress relief, relax and forget about the daily problems.

13 September 2017
Top Bookmakers Name Odds-On Favourites for 2017-2018 NBA Championship Success
As a result, the Warriors won the championship for a fifth time, taking back the title that they last won as recently as 2015. The two teams have met in the final for three consecutive years, with the Cavs picking up the title just once, in 2016.

10 July 2017
CME divests Croatia, Slovenia operations for €230m
The portfolio includes terrestrial TV channels Nova TV, Doma TV, POP TV and Kanal A, as well as several cable TV channels. Croatia and Slovenia are the two smallest markets for CME , whose largest operations are in Czech Republic and Romania.

10 July 2017
Vivo V5s Energetic Blue variant launched exclusively on Flipkart for INR 17990
Connectivity options are Wi-Fi 802.11 a/b/g/n, Bluetooth 4.0, 3.5mm audio jack, MicroUSB 2.0, and Global Positioning System . The smartphone maker now launches a new colour of its recently announced smartphone - Vivo V5S called - the Energetic Blue.

10 July 2017
Man United target wants to leave Monaco this summer
United have focused their efforts on signing a striker as the priority, with a £75million fee reportedly agreed with Everton. It is also claimed in the same report that Fabinho is a transfer target for Arsenal this summer.

10 July 2017
US Threatens Trade With China As North Korea Tests New Missiles
Trump did, however, win a concession in the final summit communique on the need to promote what he calls "fair" trade. Trump returned to Washington on Saturday evening after the conclusion of the annual G-20 meetings.

10 July 2017
Dollar topped ¥114, hitting a two-month high in Tokyo
The Australian dollar, which is sensitive to Chinese economic data, was largely unaffected by the headlines. The Shanghai Composite was off by 0.17 percent and the Shenzhen Composite slid 0.231 percent.

10 July 2017
Carter Jr. Named to 2017 Bednarik Award Watch List
Semifinalists for the Bednarik Award will be announced October 30, 2017, while the three finalists will be unveiledNov. 20, 2017. Watch list season is officially upon us, so be prepared to see a few Virginia Tech players floated around on watch lists.

10 July 2017
JK Rowling reveals she's written a fairy tale that's hidden in an
Rowling gave no additional details about the story, aside from the fact that it was written on fabric. If we had to guess, this story is going off the dress and over to the printer before long.

10 July 2017
Google Silently Adds 'Panic Detection Mode' To Protect Users Against Rogue Apps
Stil developers are going through its codes with a hope to make some changes that will be helpful for app and services. Mostly, malware enters Android devices through malicious apps, even the ones downloaded from Google's own Play Store.



Recommended