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

loading...
loading...

Latest


27 March 2018
The Growth of Online Gaming and Betting Companies
Even though brick and mortar casinos make offers to gamblers, they do not come anywhere close to what is offered on the wide web. Alternatively, they can be used to learn about the game and the features it comes with as well as the strategies that work best.

15 March 2018
Server Requirements for Mass Mailing
The first means that the error occurred on the receiving side: maybe the client's account was blocked, or something else happened. Running your own email server may sound like a science fiction, and it may seem that it’s impossible to handle such thing.

10 July 2017
Trump pledges to act 'very strongly' on North Korea missile threat
Firing back, North Korea said its July 4 missile test-launch was "the final gate to completing the state nuclear force". Air Force bombers released inert weapons Friday on a training range in South Korea .

10 July 2017
Real Betis midfielder Dani Ceballos to undergo medical for Real Madrid
Real Madrid are saying that there is an agreement with them. "Both clubs are talking, in hours or days we will have news".

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
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
Limited Edition Destiny 2 white PS4 Pro bundle launching on September 6th
While some fans may be disappointed that the game doesn't run at 60fps on the PS4 Pro, Bungie has already commented on the news . The PS4 Pro will offer the best possible console experience on launch day, running the game at a 4K resolution and 30fps.

10 July 2017
Rugby player proposes to boyfriend in crowd at Pride in London
Holding a rainbow flag, the transport police officer is clearly shocked, but says yes immediately. The Kings Cross Steelers, founded in 1995, boasts that it's the "world's first gay rugby club".

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.

10 July 2017
USA U19 men pull away from Germany for 81-59 quarterfinal victory
Team USA routed Spain 96-72 in Cairo, Egypt , on Sunday, giving the Americans the bronze medal at the FIBA U19 World Cup. Italy outscored Canada 12-10 in the final quarter but it mattered little as Canada wrapped up the title in style.