Seeking Alpha

Campbell Soup Company (CPB)

  • Fri, Feb. 13, 8:40 AM
    • Bank of America weighs in on the guidance cut by Campbell Soup (NYSE:CPB).
    • Analysts weren't caught off-guard by the warning from Campbell after digesting the cadence in the sector, but see "limited upside" for shares due to the persistent headwinds.
    • BofA cuts its 2015 EPS outlook on CPB to $2.36 from $2.44 and 2016 EPS to $2.53 from $2.60.
    • Previously: Campbell Soup cuts guidance, shares -4.5% after-hours (Feb. 12 2015)
    | 1 Comment
  • Thu, Feb. 12, 5:28 PM
    • Campbell Soup (NYSE:CPB) -4.5% AH after lowering guidance for its FQ2 and the full year ending in August, partly due to foreign currency translation.
    • CPB now sees FQ2 EPS of $0.65-$0.66 vs. $0.68 analyst consensus, revenues falling 2% to ~$2.24B and in line with consensus, and adjusted EBIT declining by ~17%.
    • For FY 2015, CPB lowers EPS to $2.32-$2.38 from earlier guidance of $2.42-$2.50 and below $2.45 consensus, while seeing revenues rising or falling by ~1% to $8.19B-$8.35B vs. $8.2B consensus, reflecting the negative impact of currency translation; excluding the forex impact, sales guidance is unchanged.
    • CPB had already lowered its outlook in November, pointing to currency volatility.
  • Thu, Feb. 5, 9:08 AM
    • Kraft Foods (NASDAQ:KRFT) has found a vibrant channel for its Velveeta brand in dollar stores.
    • The company was very close to pulling the plug on the product last year amid soft grocery store sales.
    • General Mills (NYSE:GIS) and Campbell Soup (NYSE:CPB) are also exploring selling more brands in dollar stores due to the potential for higher profit margins in certain categories.
    • The development could aid the dollar store group (DLTR, DG, FDO) which has lost some quick-stop grocery market share to convenience stores.
  • Thu, Jan. 29, 9:42 AM
    • Campbell Soup (CPB -0.5%) announces it will reorganize its business across lines of products instead of geographic segments.
    • The three segments will be Americas simple meals and beverages, global biscuits and snacks, and packaged fresh.
    • The company also reset its management team for each new division.
    • Though M&A speculation persists on Campbell Soup, the new business split also sets its up for a spinoff in the future.
    | Comment!
  • Mon, Jan. 12, 10:45 AM
    • Citigroup downgrades a number of food stocks on its view higher consumer spending in the sector may already by priced into share prices.
    • Exposure to global markets also poses a risk due to currency swings and uneven demand, say analysts.
    • The investment firm takes the rating on ConAgra (CAG -1%), Mondelez International (MDLZ -0.8%), and Kellogg (K -0.9%) to Neutral from Buy.
    • McCormick & Company (MKC -0.8%), Kraft Foods Group (KRFT), and Campbell Soup (CPB) are all moved to Sell from Neutral.
  • Wed, Jan. 7, 10:59 AM
    • Most investment firms weighing in think PepsiCo (PEP +2.3%) is too big of a target for 3G to land as they dissect the WSJ report on interest in the multinational.
    • Campbell Soup (CPB +4.3%) is trading like it's viable 3G target, while Kellogg K, and Kraft Food Group (KRFT +2.1%) have also been bandied around by retail analysts as possibilities.
    • Outside of the food sector, Bloomberg's Tara Lachappelle notes Colgate-Palmolive (CL +0.2%makes sense for 3G.
  • Wed, Jan. 7, 8:05 AM
    • Campbell Soup (NYSE:CPB) is higher in early trading after being thrown back into the M&A pot.
    • Today's speculation centers on a play from 3G in the food sector.
    • It's of note that 3G was able to quickly cut $700M in costs when it snapped up Heinz and lifted the company's profit margins by 700 bps.
    • CPB +2.3% premarket to $44.01.
    | Comment!
  • Wed, Jan. 7, 7:12 AM
    • Shares of Campbell Soup (NYSE:CPB) and PepsiCo (NYSE:PEP) are on watch after the WSJ reports 3G is discussing trying to acquire a major food company.
    • Sources indicate the massive size of PepsiCo deal could prompt a partial buyout or a bid in tandem with Aneuser-Busch InBev (NYSE:BUD).
    • PEP +0.8% premarket, CPB inactive.
  • Nov. 26, 2014, 5:37 PM
    • Top gainers, as of 5:15 p.m.: NXPI +2.6%. TEX +2.2%. CJES +2.2%. NAT +2.0%. PSLV +1.7%.
    • Top losers, as of 5:15 p.m.: VMEM -4.3%. ATW -3.2%. EJ -2.8%. CPB -2.4%. KITE -2.2%.
    | Comment!
  • Nov. 25, 2014, 7:24 AM
    • Campbell Soup (NYSE:CPB) reports organic sales increased 5% in FQ1.
    • The U.S. segment saw volume/mix increase 8% during the quarter. Operating income +15% to $242M.
    • Gross margin rate -120 bps to 34.7%, due in part to cost inflation.
    • Marketing and selling expenses -5% to $247M.
    • Guidance: FY15 sales growth of 0%-2% expected and EPS of $2.42-$2.50 vs. $2.47 consensus.
    | Comment!
  • Nov. 25, 2014, 7:17 AM
    • Campbell Soup (NYSE:CPB): FQ1 EPS of $0.74 beats by $0.02.
    • Revenue of $2.26B (+4.1% Y/Y) beats by $40M.
    • Press Release
    | Comment!
  • Nov. 24, 2014, 5:30 PM
  • Nov. 19, 2014, 4:34 PM
    • Campbell Soup (NYSE:CPB) declares $0.312/share quarterly dividend, in line with previous.
    • Forward yield 2.79%
    • Payable Feb. 2; for shareholders of record Jan 12; ex-div Jan 8.
    | Comment!
  • Oct. 10, 2014, 2:05 PM
    • There's more consumer staples names to add to the list of out-performers on the day with investors peeling off some tech and momentum favorites.
    • The partial list below represents stocks up at least 1% on the day with a dividend yield of over 2%.
    • Back in favor: AVP, KO, MO, RAI, BUD, PF, BGS, DPS, CPB, LO, DF.
  • Oct. 7, 2014, 9:54 AM
    • Moody's downgrades the credit ratings of Campbell Soup (CPB).
    • The ratings agency says soft sales for Campbell's core products and leveraged acquisitions have pressured the liquidity profile of the company.
    • Long-term senior unsecured debt is now rated at A3 from A2.
    | Comment!
  • Sep. 22, 2014, 5:19 PM
    • Campbell Soup (NYSE:CPB) declares $0.312/share quarterly dividend, in line with previous.
    • Forward yield 2.92%
    • Payable Nov. 3; for shareholders of record Oct. 13; ex-div Oct. 9.
    | Comment!
Visit Seeking Alpha's
CPB vs. ETF Alternatives
Company Description
Campbell Soup Co together with its subsidiaries is engaged in manufacturing and marketing of branded convenience food products.