Thu, Mar. 10, 9:54 AM
- RBC Capital lifts its price targets on two consumer staples heavyweights.
- Coca-Cola (KO +0.6%) is assigned a fresh of $51. KO is +4.5% YTD to $44.90. Shares yield 3.11%.
- Reynolds American (RAI +1.4%) earns a PT of $57. RAI is +12.8% YTD to $52.14. Shares yield 3.22%.
- There's been some debate that the run of consumer staples stocks is poised to end, but SA contributor Daryl Montgomery argues the sector is still a safe play on a technical view.
- Earlier this week, Evercore ISI's Rick Ross also came in positive on the sector (CNBC video).
- "You probably can't do much better than owning the staples on this breakout from a multiyear trading range ... against the backdrop of a world where yields are extremely low,"said Ross
- Related stocks: PM, PG, PEP, CL, ADM, KMB, STZ, DPS, SJM, HRL, CHD, TSN, HSY, CPB, [[BF.]], BF.B.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
Wed, Mar. 2, 10:10 AM| Wed, Mar. 2, 10:10 AM | 2 Comments
- February monthly performance was: +1.51%
- 52-week performance vs. the S&P 500 is: +6%
- No dividends were paid in February
- Top 10 Holdings as of 12/31/2015: General Mills Inc (GIS): 3.41%, Coca-Cola Co (KO): 2.73%, Campbell Soup Co (CPB): 2.68%, AT&T Inc (T): 2.57%, Heineken NV (OTCQX:HINKF): 2.37%, The Kraft Heinz Co (KHC): 1.98%, Eli Lilly and Co (LLY): 1.9%, Exelon Corp (EXC): 1.88%, Walgreens Boots Alliance Inc (WBA): 1.87%, PPL Corp (PPL): 1.82%
Sat, Feb. 27, 10:36 AM
- Investors continue to take refuge in consumer staples stocks in a strategy that tips off defensive positioning and accounts for some positive macroeconomic factors that are underpinning volume growth in the sector.
- Consumer staples stocks trading right at their 52-week high include Campbell Soup (NYSE:CPB), Kimberly-Clark (NYSE:KMB), General Mills (NYSE:GIS), Reynolds American (NYSE:RAI), Altria (NYSE:MO), Philip Morris (NYSE:PM), Church & Dwight (NYSE:CHD), Coca-Cola (NYSE:KO), Tyson Foods (NYSE:TSN), Sanderson Farms (NASDAQ:SAFM), B&G Foods (NYSE:BGS), and Cott Corporation (NYSE:COT).
- Even Procter & Gamble (NYSE:PG) and Wal-Mart (NYSE:WMT), which acted as drags on consumer staples ETFs last year with their heavy weightings, are outperforming the S&P 500 Index this year.
- Some analysts think political year uncertainty and global ZIRP and NIRP question marks could keep demand for staples strong.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC
- Analysis: Consumer Staples ETFs Are Looking More Attractive Than Ever (Feb. 16)
- Prediction time: Which consumer staples stock has the most upside in 2016?
Thu, Feb. 25, 10:28 AM
- Campbell Soup (CPB +1.6%) reports comparable organic sales Y/Y with gains in Global biscuits and snacks in FQ2.
- Acquisition contributed 1 percentage point of growth to the sales in the quarter.
- Total volume and mix declined 2% for the period.
- Revenue by segments: Americas simple meals and beverages: $1.237B (-3%); Global biscuits and snacks: $682M (-3%); Campbell fresh: $282M (+10%).
- Adjusted gross margin rate improved 400 bps to 37.3% driven by productivity improvements, higher selling prices, lower promotional spending and improved supply chain performance.
- FY2016 Guidance: Net sales: -1 to 0%; Adjusted EBIT: +10% to +13%; Adjusted EPS: $2.88 to $2.96 (+9% to +12%).
Thu, Feb. 25, 7:17 AM
Wed, Feb. 24, 5:30 PM
- AAON, ACIW, AG, ALKS, AMCX, AMRN, AMWD, ANSS, APA, APLP, AROC, BBY, BUD, CCOI, CHS, CLDX, CM, CNSL, CORE, CPB, CPK, CRI, CVC, DPZ, EGRX, EME, EMES, ENOC, FCH, FCN, FIG, GLOG, GOGO, GTLS, GVA, HBM, HEES, HMHC, HTWR, INCR, IONS, IRDM, IRM, ITC, KERX, KOP, KSS, LKQ, MITL, NEWM, NPO, [[NTi]], NXST, PCRX, PDCO, PF, PGTI, PRIM, PWR, RDUS, RGEN, RRD, RWLK, SAFM, SDRL, SEAS, SERV, SFM, SFUN, SHLD, SPAR, STWD, TD, TFX, TREE, TWI, UNT, UTHR, VAC, VC, VWR, W, WIN, WNR, WNRL, WPC, XCRA, ZBRA, ZEUS
Wed, Feb. 17, 8:32 AM
- Campbell Soup (NYSE:CPB) raises its outlook on FY16 EPS to 9% to 12% growth, compared to prior guidance for a 4% to 7% lift.
- The company sees sale growth of -1% to flat for the year as F/X chops off a full two percentage points.
- On a preliminary basis, Campbell reports Q2 sales of $2.20B and EPS of $0.87 vs. $0.74 consensus.
- Campbell Soup execs will present later today at the CAGNY Conference in New York (webcast).
- CPB +2.17% premarket to $60.73.
Tue, Jan. 19, 8:58 AM
- Shares of Campbell Soup (NYSE:CPB) are on watch after JPMorgan ups its rating to Neutral from Underweight.
- The investment firm thinks Campbell can increase margins this year.
- A price target of $55 is assigned to the food stock by JP vs. Friday's close of $52.97 and the 52-week trading range of $44.45 to $55.08.
Fri, Jan. 8, 11:36 AM
- Campbell Soup (CPB +0.3%) announces it supports federal rules requiring GMO labeling.
- The company will step back from efforts to withdraw the rules in general, but opposes a patchwork state-by-state system.
Nov. 24, 2015, 9:58 AM
- Campbell Soup (CPB +2.9%) raised annual EPS guidance to $2.75-$2.83 from $2.53-$2.58 prior. The mark tops the consensus estimate of analysts.
- The improved outlook is based off of some strong pricing trends and a reduced level of promotions. It also comes amid a broad shift by the company to healthier products.
- During Q3, Campbell reported organic sales held steady.
- Shares of CPB hit a 52-week high of $52.48 before falling back a bit.
- Previously: Campbell Soup beats by $0.19, misses on revenue (Nov. 24 2015)
Nov. 24, 2015, 7:20 AM
- Campbell Soup (NYSE:CPB): FQ1 EPS of $0.95 beats by $0.19.
- Revenue of $2.20B (-2.7% Y/Y) misses by $10M.
- Shares +0.8% PM.
Nov. 23, 2015, 5:30 PM
Nov. 22, 2015, 5:38 AM
- Tyson Foods (NYSE:TSN) and Post Holdings (NYSE:POST) report results Monday, followed Tuesday by Campbell Soup (NYSE:CPB) and Hormel Foods (NYSE:HRL).
- Investors will be watching how major food producers adapt to more health-conscious consumers and to millennial spending patterns that gear more toward protein and hormone/antibiotic-free products.
- Tyson Foods (+9% YTD), likely the provider of many a turkey this week, said in April it plans to end the use of human antibiotics in its chicken by 2017, while Hormel (+31% YTD) announced in May the acquisition of organic meat processor Applegate Farms.
Nov. 19, 2015, 9:06 AM
- Campbell Soup (NYSE:CPB) declares $0.312/share quarterly dividend, in line with previous.
- Forward yield 2.54%
- Payable Feb. 1; for shareholders of record Jan. 11; ex-div Jan. 7.
Nov. 12, 2015, 5:38 PM
- Campbell Soup (NYSE:CPB) is recalling 355,000 cans of SpaghettiOs, citing a "potential choking hazard" in a small number of cans.
- The hazard comes from pieces of red plastic that comes from parts of the can lining peeling off.
- The company says it received consumer complaints to trigger the issue, and has identified date codes on the recalled cans. The recall is limited to the U.S.
Oct. 23, 2015, 9:58 AM
- M&A talk in the food sector could set off a chain reaction, according to analysts.
- Kellogg's (K +0.2%) interest in Diamond Foods (DMND +6.6%) and a play by Treehouse Foods (THS +3.1%) for Ralcorp are in advanced stages, but other companies which could be drawn into talks include Boulder Brands (BDBD +0.5%), Amplify Snack Brands (BETR +1.7%), Mondelez International (MDLZ -0.1%), Campbell Soup (CPB +0.1%) and Hain Celestial Group (HAIN +0.4%).
- Private-label brands in particular may look appetizing to larger food companies.
- Previously: Reuters: TreeHouse in talks to buy Ralcorp from ConAgra (Oct. 22 2015)
- Previously: NY Post: Kellogg close to Diamond Foods buyout (Oct. 23 2015)
- Related ETF: PBJ
Campbell Soup Co. engaged in manufacturing and marketing of convenience food products includes soup and sauces, baked snacks and healthy beverages through its subsidiaries. It operates through five segments: U.S. Simple Meals, Global Baking and Snacking, International Simple Meals & Beverages,... More
Sector: Consumer Goods
Industry: Processed & Packaged Goods
Country: United States
Other News & PR