|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||40.48 - 41.05|
|52-week range||32.63 - 54.37|
|PE ratio (TTM)||25.34|
|Earnings date||29 Aug 2018 - 4 Sep 2018|
|Forward dividend & yield||1.40 (3.34%)|
|1y target est||36.15|
Campbell Soup Company (CPB) today announced that it received notice of an unsolicited "mini-tender" offer by Ponos Capital LLC (Ponos Capital) to purchase up to 5,952,381 shares of Campbell capital stock, which represents approximately 1.98% of the common shares outstanding, at a price of $42.00 per share in cash. Please be aware that shareholders are not required to respond to Ponos Capital’s offer. Campbell does not endorse Ponos Capital’s unsolicited mini-tender offer and recommends that Campbell shareholders do not tender their shares in the offer.
As we’ve already seen, J.M. Smucker’s (SJM) bottom line is expected to take a hit from rising interest costs. Retaliatory tariffs imposed by Canada are also expected to hurt the bottom line of packaged food companies, including J.M. Smucker, Campbell Soup (CPB), and Kraft Heinz (KHC). Recently, JPMorgan lowered its earnings estimate for J.M. Smucker, stating that among the major packaged food manufacturers, it’s most vulnerable to the recently imposed Canadian surtax.
Campbell Soup Company (CPB) today announced the appointment of Diego Palmieri as Vice President and Chief Marketing Officer, U.S. Meals & Beverages, effective July 18, 2018. Diego will report to Roberto Leopardi, President, Meals & Beverages. As Chief Marketing Officer, Diego will be responsible for all aspects of marketing and consumer connection in the United States across the division’s portfolio of brands, which includes Campbell’s, Chunky, Well Yes!, Slow Kettle, Swanson, V8, Plum, Pace and Prego.
On July 6, Hain Celestial (HAIN) was trading at a 12-month forward PE (price-to-earnings) ratio of 22.9x. Following its fiscal third-quarter results,1 which were released on May 8, Hain Celestial’s valuation multiple has risen 50.8%.
Recently, J.P. Morgan lowered its EPS estimates for J.M. Smucker (SJM) due to trade war tensions. J.P. Morgan expects Canada’s retaliatory tariffs to hurt J.M. Smucker the most among all food companies. The investment bank now estimates SJM’s EPS to be $8.29 and $8.83 in fiscal 2019 and fiscal 2020, respectively, down from earlier estimates of $8.56 and $9.15.
The pullback in the stocks of packaged food companies has resulted in lower valuations for these companies. The stocks of most food companies are trading well below their historical averages. Despite their valuation multiples, investors haven’t budged due to sales and margin headwinds that are likely to affect the stocks.
In 2017, merger and acquisition deals among consumer goods businesses were up 45 percent from the previous year and reached a 15-year high, according to a survey from OC&C Strategy Consultants.
While convenience is still a high priority, meal-kit companies are adapting to Amazon's possible entrance to the market and offering more ways for consumers to purchase their products.
The stocks of Kraft Heinz (KHC), Campbell Soup (CPB), Tyson Foods (TSN), and J.M. Smucker (SJM) are reeling under pressures from soft demand and higher costs related to commodities and logistics. To add to their woes, retaliatory tariffs imposed by China, Mexico, Canada, and the European Union could further dent their financials. In retaliation to President Trump’s higher tariffs on the imports of certain steel and aluminum products, Canada imposed 10% tariffs on soups, broths, and tomato ketchup and sauces, which could likely affect the financials of Campbell Soup and Kraft Heinz.
Some U.S. food and beverage companies were already hurting before Canada and the EU levied retaliatory tariffs on everything from whiskey to ketchup.
Stocks that moved substantially or traded heavily Tuesday: Campbell Soup Co., up 74 cents to $41.03 The New York Post reported that activist investor Dan Loeb is pushing for the soup maker to consider ...
Campbell Soup is once again the subject of takeover speculation, but keys to the soup kingdom lie in the descendants of the inventor of condensed soup.
The latest on developments in financial markets (all times local): 1:00 p.m. U.S. stocks are closing lower Tuesday as losses in technology companies and banks outweighed gains elsewhere. Health care and ...
McCormick & Company (MKC) reported its Q2 2018 results on June 28 before the market opened. Its revenue rose 19.1% to $1.3 billion. EPS rose 24.4% to $1.02. Revenue and EPS surpassed estimates by 0.84% and 10%, respectively. The stock rose 9.4% after the company reported double-digit earnings and revenue growth and exceeded consensus estimates.
The Dow Jones Industrial Average is set for a higher open on a truncated trading day. •...and ponder an expanded investigation of Facebook (FB). S&P 500 futures have advanced 0.4%, while Dow Jones Industrial Average futures have risen 130 points, or 0.5%.
Farmers and food producers are in the crosshairs of a global trade conflict that shows no signs of ending anytime soon, and things are about to escalate in a big way with new tariffs on soybeans, dairy and pork.
As tit-for-tat tariffs take effect in major global markets, some companies are already raising prices or making business changes to cope with higher costs.
The Board of Directors of Campbell Soup Company today declared a regular quarterly dividend on Campbell’s capital stock of $0.35 per share. The quarterly dividend is payable July 30, 2018 to shareholders of record at the close of business July 13, 2018.
Shares of soup and cereal stocks have been hammered of late, on fears of rising rates and changing consumer tastes. Now, with many of these stocks at multiyear lows, some traders are banking on the calculus that two negatives will make a positive and that many of these troubled companies will look to merge.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to better understand how you can grow your money by investing inRead More...