|Bid||37.20 x 1000|
|Ask||37.21 x 800|
|Day's range||37.00 - 37.85|
|52-week range||32.63 - 54.52|
|PE ratio (TTM)||23.37|
|Earnings date||29 Aug 2018 - 4 Sep 2018|
|Forward dividend & yield||1.40 (3.77%)|
|1y target est||35.43|
I’ve been keeping an eye on Campbell Soup Company (NYSE:CPB) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believeRead More...
L Brands, Campbell Soup, and CenterPoint Energy are three of the best paying dividend stocks for creating diversified portfolio income. Dividends play a key role in compounding returns over timeRead More...
Soft gross margin, weakness in C-Fresh and high promotional expenditure compels Campbell (CPB) to lower its earnings outlook for fiscal 2018.
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Campbell Soup Company (NYSE:CPB) trades with a trailing P/E of 20.7x, which is higher than the industry average of 19.4x. Although some investors may jump to the conclusion that youRead More...
Analysts’ target price for the Campbell Soup Company (CPB) stock is on a falling trend. Multiple analysts have lowered their target prices on Campbell Soup stock amid its sluggish organic sales trend and persisting challenges. Analysts have made the following revisions to their price targets for the stock: Credit Suisse reduced its target to $30 from $38. JPMorgan Chase lowered its target to $32 from $41. Deutsche Bank cut its target to $36 from $44. UBS reduced its target to $30 from $41. Bank of America Merrill Lynch lowered its target to $31 from $46.
Analysts expect the Campbell Soup Company (CPB) to disappoint on the earnings front going forward. For fiscal 2018, they expect Campbell Soup’s adjusted EPS to mark a fall of 5.9%. They also expect its fiscal 2019 adjusted EPS to fall 1.4%.
The Campbell Soup Company (CPB) marked strong net sales growth in the fiscal third quarter. Incremental sales from acquired brands and favorable currency rates are driving Campbell Soup’s net sales higher. During the fiscal third quarter, Campbell Soup’s net sales jumped 14.7% on a year-over-year basis, reflecting a 14.0% contribution from its acquisitions of Snyder’s-Lance and Pacific Foods.
As of June 4, the Campbell Soup Company (CPB) stock has fallen ~15% since the company reported sluggish fiscal third-quarter results on May 18. Campbell Soup’s problems are numerous, and this has left investors worried. Campbell Soup’s strategies and portfolio are under scrutiny as the company’s soups and beverages business continues to underperform and the much-touted Fresh segment has failed to do any good.
President Trump just announced new steel and aluminum tariffs on Canada, The European Union, and Mexico, which are 25% on imported steel and 10% on imported aluminum, and these will take effect at midnight tonight. The European Union responded by calling the move “protectionism” and stating that it would impose “additional duties on a number of imports from the U.S,” and Mexico was not too far behind with its response, stating that it will “impose equivalent measures to various products.” So we are back to the trade war rhetoric, and seemingly getting closer to it becoming a reality. Of course this does help U.S. Steel (X) and Alcoa (AA), while seemingly hurting a lot of purchasers of steel and aluminum.
As of May 29, Kellogg (K) stock was trading at a forward PE multiple of 14.5x, which is about 20% lower than its historical average PE of 18.2x. Meanwhile, Kellogg stock is also trading 7% lower than the peer group average of 15.6x.
The sales of packaged food manufacturers have taken a hit in the past several months, reflecting low demand for their traditional products amid a consumer shift towards healthy and protein-rich foods. Meanwhile, retailers reducing inventory and private-label products gaining shelf space are posing further challenges.
As of May 29, Kellogg (K) stock is up 14% since the company reported better-than-expected first-quarter results on May 3. Kellogg not only surpassed analysts’ expectations on the sales and earnings front but also managed to improve its organic sales on a YoY (year-over-year) basis. Kellogg’s organic sales have remained weak in the past several quarters, reflecting lower demand for packaged foods and list price adjustments following the company’s transition.
Let's put Campbell Soup Company (CPB) stock into this equation and find out if it is a good choice for value-oriented investors right now
Most analysts who are providing recommendations on Hormel Foods (HRL) have maintained “hold” ratings on the stock. As of May 24, of the 12 analysts covering the stock, 58% have recommended “holds,” 42% have recommended “buys,” and none have recommended “sells” on the stock. Since Hormel’s fiscal Q2 2018 results announcement on May 24, there has been just one target price change.
Hormel Foods (HRL) reported adjusted EPS of $0.44, which fell short of estimates of $0.45, in fiscal Q2 2018. Hormel Foods’ second-quarter gross margin was 21.3%, a contraction of 100 basis points from the previous quarter. Increases in the cost of goods proved a drag on the company’s gross margin.
Hormel Foods (HRL) reported its fiscal Q2 2018 results on May 24. The company’s acquisitions of Columbus Craft Meats, Fontanini, and Ceratti along with the strong performances of its brands, including Hormel Natural Choice, and Hormel Bacon 1, boosted its top line. Segment wise, the company’s Refrigerated segment sales were up 13.6% driven by higher sales of Hormel pepperoni, Hormel Natural Choice products, and Hormel Bacon 1. The company’s acquisitions of Columbus and Fontanini also added to its top line.
The Organic Trade Association’s annual survey of the U.S. food marketplace showed a record $45.2 billion in sales of organics in 2017, up 6.4% from a year earlier. Conventional food sales eked out a 1.1% gain. Some companies, including United Natural Foods and Sprouts, are growing rapidly as consumers prefer healthier and tastier foods.
The Campbell Soup Company (CPB) reported mixed fiscal third-quarter results on May 18. Campbell Soup likely needs to revisit its growth strategy, as the current one doesn’t seem to be doing it any good. Following the company’s sluggish performance and weak outlook, multiple analysts have lowered their price targets for Campbell Soup stock.