Feb. 14, 2014, 7:33 AM
Feb. 14, 2014, 12:05 AM
Feb. 13, 2014, 5:30 PM
Jan. 29, 2014, 10:01 AM
- Consumer-facing multinationals with a focus on emerging markets are falling at a faster clip than market averages in early trading.
- Decliners: Procter & Gamble (PG) -2%, Colgate-Palmolive (CL) -2.0%, Campbell Soup (CPB) -2.8%, Mondelez International (MDLZ) -2.2%, Unilver (UL) -2.1%, Avon Product (AVP) -2.6%, Coty (COTY) -2.2%, Kellogg (K) -2.3%, Avon Products (AVP) -2.6%
Jan. 2, 2014, 8:26 AM
Dec. 18, 2013, 9:22 AM
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.
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
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.
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.
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)
Nov. 20, 2013, 11:15 AM
Nov. 19, 2013, 9:33 AM| Nov. 19, 2013, 9:33 AM | 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.
Nov. 19, 2013, 6:31 AM
Nov. 19, 2013, 12:05 AM
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