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Campbell Soup Company (CPB)

- NYSE
  • Dec. 18, 2013, 9:22 AM
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  • Dec. 17, 2013, 2:56 PM
    • Speculation is running around the options pits that Campbell Soup (CPB +4.2%) could be the next food company to be purchased in a mega-buyout. Options contracts on CPB have very active all month.
    • Though a case could be made that Campbell makes a nice fit for a number of acquirers, a Warren Buffett-backed bid by 3G is the subject of most of the talk.
    • The Dorrance heirs own a good chunk of Campbell Soup and could have the final say on the matter.
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  • Dec. 10, 2013, 1:31 PM
    • Wheat prices could fall as world reserves are forecast to exceed previous expectations.
    • Global inventories before the start of the 2014 harvests in the Northern Hemisphere will be 2.4% higher than a year ago.
    • Wheat futures for delivery next spring touched their lowest level since June 2012 earlier today.
    • Related stocks: General Mills (GIS), PepsiCo (PEP), Campbell Soup (CPB), Post Holdings (POST), ConAgra (CAG), Ralcorp (RAH), Flower Foods (FLO),  and J.M. Smucker (SJM) could see a minor impact from sustained lower wheat prices. The pricing of the commodity also spills over to affect the costs for companies farther removed from the food industry - including Buffalo Wild Wings (BWLD) and Anheuser-Busch InBev (BUD).
    • Related ETF: WEAT
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  • Dec. 9, 2013, 10:17 AM
    • Share of Campbell Soup (CPB +1.2%) shoot higher again in early action and are now up over 10% over the last 5 trading sessions in the midst of a tough patch for the sector.
    • The company is in the spotlight due to some unusual call option buying last week.
    • Trader talk: A huge merger in the foodservice industry has just increased the chatter that Campbell Soup might be flirting with a peer.
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  • Dec. 6, 2013, 5:44 PM
    • Campbell Soup (CPB +5.9%) shares notched the largest point and percentage gains in more than five years after a trader purchased at least 12K Dec. $43 call options in the early afternoon. An average of 2.9K options contracts are traded across all strikes and dates daily.
    • The rise may have been catalyzed by the broker on the other of the side hedging the short position and rumors "that the options trade was linked to takeover speculation, leading other investors to buy shares and options in the soup maker," MoneyBeat writes.
    • The trade was self-fulfilling, with the contracts in question opening trading at $0.15/share and reaching highs of $0.80/share on the day.
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  • Nov. 24, 2013, 9:32 PM
    • Goldman is apparently taking a more guarded approach to the consumer staples space, moving to cautious citing valuation and fundamentals.
    • The firm has reportedly downgraded Clorox (CLX) to Sell and Campbell Soup (CPB) to Neutral.
    • CPB got hit hard last week after putting up a soft quarter.
    • "It's difficult to see the clear path to your full year guidance," Goldman's Jason English told management on the Q1 call. "Across the year, we will see the progressive benefit of new products and innovation that will help the top line," CFO B. Craig Owens responded. (transcript)
    | 3 Comments
  • Nov. 20, 2013, 11:15 AM
    • Campbell Soup Company (CPB) declares $0.312/share quarterly dividend, in line with previous.
    • Forward yield 3.24%
    • Payable Jan 27; for shareholders of record Jan 7; ex-div Jan 3.
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  • Nov. 19, 2013, 9:33 AM
    • A soft quarter from Campbell Soup (CPB -5.5%) is having a ripple effect across the sector.
    • The company's comments on the impact of pricing in the sector is creating a scare.
    • Decliners: Kellogg (K-0.8%, Post Holdings (POST-0.7%, PepsiCo (PEP-0.5%, General Mills (GIS-0.7%.
    | 1 Comment
  • Nov. 19, 2013, 9:14 AM
    • Campbell Soup (CPB) has a disappointing quarter as both soup and beverage sales fall off sharply.
    • The company missed FQ1 profit estimates by a wide margin as it took a hit by marketing new products heavily and suffered a negative impact from the later timing of Thanksgiving this year.
    • CPB -5.1% premarket.
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  • Nov. 19, 2013, 6:31 AM
    • Campbell Soup (CPB): FQ1 EPS of $0.66 misses by $0.20.
    • Revenue of $2.17B (-2% Y/Y) misses by $0.12B. (PR)
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  • Nov. 19, 2013, 12:05 AM
  • Nov. 18, 2013, 5:30 PM
  • Nov. 13, 2013, 9:13 AM
    • Green Mountain Coffee Roasters (GMCR) slips in early trading after OTR Global notes the company lost K-Cup share.It's not the first time market share has slipped for GMCR and it won't be the last time supporters point out the overall K-Cup market is still growing briskly.
    • The company is also reported to have delayed the release of Campbell Soup (CPB) K-Cups under a partnership which has been met with as much derision as optimism from industry watchers.
    • GMCR -3.5% premarket.
    | 1 Comment
  • Nov. 12, 2013, 3:49 PM
    • The elevation of gluten as a dietary no-no continues to affect packaged food companies which have to convert products into gluten-free varieties at additional costs.
    • Though less than 1% of Americans require a gluten-free diet due to medical reasons, almost a third of consumers make the choice to avoid the wheat additive.
    • Related stocks: GIS, K, PEP, CPB, POST, CAG, FLO.
    | 2 Comments
  • Nov. 12, 2013, 9:59 AM
    • Margin worries at Dean Foods (DF -7.6%) is affecting sentiment over a number of other packaged foods companies in early trading.
    • Though the company warned specifically on the dairy commodity environment, its drop in guidance on Q4 "challenges" looks a bit broader.
    • Underperformers: KRFT -0.7%, SJM -1.0%, HAIN -1.0%, CAG -0.5%, CPB -1.0%, TSN -0.6%.
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  • Nov. 8, 2013, 12:41 PM
    • The FDA's increased efforts to restrict trans fats in foods is only causing a minor ripple in the food and restaurant industries.
    • Companies such as Campbell Soup (CPB +0.2%), General Mills (GIS -0.1%), and Mondelez International (MDLZ +0.9%) say have already taken measures to remove hydrogenated oils from products under pressure from consumer groups and aren't putting up much of a fight.
    • The National Restaurant Association says its members support efforts to promote healthier eating.
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Company Description
Campbell Soup Co together with its subsidiaries is engaged in manufacturing and marketing of branded convenience food products.