Campbell Soup Co $ 45.44 -0.15 (-0.33%)
Campbell Soup Co News and Headlines -
When a company's return on equity (ROE) ratio outperforms its industry median, it usually implies the company has been better than many of its competitors in terms of generating profits.
Thus, investors may be interested in the following stocks, as they are outperforming most of their competitors in terms of a better ROE ratio.
The first stock to consider is Amazon.com Inc (AMZN), a Seattle, Washington-based online retail giant.
Amazon.com Inc has a ROE ratio of 21.22%, outperforming the industry median of 2.94% tremendously, as it ranks higher than 877 out of 977 companies operating in its
Campbell Soup (CPB) released the financial results for its fiscal fourth quarter of 2020 on Sept. 3 before the market opened. Both earnings and revenue beat Zacks Consensus estimates.
Snapshot of the quarter
The American processed food and snack company posted earnings per share of 63 cents (up 50% year-over-year), which was higher than analyst estimates of 60 cents. Revenue of $2.11 billion was up 18% on a year-over-year basis and edged past analysts' projections by 2.31%.
Reflecting on the quarter, Campbell's President and CEO Mark Clouse commented:
"We continued to invest in our businesses during the quarter as
U.S. stocks were in the green on Tuesday morning after closing with the best August returns in more than three decades. The Dow gained 55 points to 28,486, the S&P 500 index gained 0.32% to 3,511 and the Nasdaq Composite Index was up 1.00% to 11,893.
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Convenience food as a sector has gained excellent momentum over the past few months with the Covid-19 pandemic and the lockdowns prompting consumers all over the world to stock up on non-perishable foods.
This has led to many such convenience food manufacturers, such as Campbell Soup Company. (CPB), delivering fantastic results and growth. While there are concerns that with the lockdown getting lifted, consumers have the option to pick restaurants or food deliveries over the quick and easy offerings of Campbell Soup, it is hard to rule out the fact that the work-from-home culture is here to stay for many
As of June 9, the GuruFocus All-in-One Screener, a Premium feature, found that the following defensive stocks have low price-earnings ratios and have been bought by gurus. While some of them are great value investments, others may need to be researched more carefully, according to the Peter Lynch fair value..
With a market cap of $243 million, Alico Inc. (ALCO) has a price-earnings ratio of 6.54. According to the Peter Lynch earnings line, the stock has a fair value of $74.40 while trading at $32.48.
The stock has gained 19.59% over
Campbell Soup (CPB) released its financial results for its fiscal third quarter of 2020 on June 3 before the market opened. While the company’s earnings beat Zacks Consensus estimates, revenue fell short of predictions.
Snapshot of the quarter
The American processed food and snack company posted earnings per share of 83 cents (up 57% year-over-year), which was higher than analyst estimates of 76 cents. Revenue of $2.24 billion was up 15% on a year-over-year basis but missed analysts’ projections by 1.78%.
Reflecting on the quarter, Campbell’s President and CEO Mark Clouse commented:
“In the quarter, we experienced unprecedented
MFP Investors LLC recently disclosed its portfolio updates for the first quarter of 2020, which ended on March 31.
MFP Investors is a New York-based hedge fund led by renowned money manager Michael Price (Trades, Portfolio), who became the manager after selling Heine Securities to Franklin Resources in 1996. Price utilizes a value-based investing style, focusing on out-of-favor small caps that trade at an attractive valuation.
Based on its investing criteria, the firm’s top buys for the quarter were Taubman Centers Inc. (TCO) and FLIR Systems Inc. (FLIR), while its top sells were Tiffany & Co. (TIF)
Daniel Loeb (Trades, Portfolio), manager of Third Point, LLC, disclosed last week that his firm exited its positions in Campbell Soup Co. (CPB) and Boston Scientific Corp. (BSX) during the first quarter. The two transactions, plus the reduction in Baxter International Inc. (BAX), impacted the equity portfolio more than the top two new buys in Walt Disney Co. (DIS) and Charter Communications Inc. (CHTR) did.
Managing a portfolio of 32 stocks, Loeb seeks long-term capital through an event-driven, value-oriented investment style. The investor seeks situations in which a catalyst has potential to unlock value.
Markets advance Monday morning
U.S. stocks were well in the green on Monday when the market opened on news that the drug maker Moderna is close to a vaccine for Covid-19. The Dow Jones Industrial Average gained more than 800 points, or 3.39%, to 24,488, while the S&P 500 index rose 3.07% to 2,951 and the Nasdaq Composite Index advanced
Campbell Soup Co (CPB), Hingham Institution for Savings (HIFS) and Worthington Industries Inc (WOR) announced quarterly dividends on Wednesday, March 25. These three companies are loyal payers, as they have been paying dividends for decades.
Campbell Soup Co
The Camden, New Jersey-based manufacturer and marketer of food and beverage products in North America announced that on April 27 it will pay a quarterly dividend of 35 cents per common share, which is in line with the previous distribution, to shareholders of record April 9. The ex-dividend date is scheduled for April. 8.
Based on Wednesday’s closing
Since the U.S. stock market peaked on Feb. 19, the S&P 500, which is often used as a benchmark, has fallen approximately 30% as of market opening on March 24. The SPDR S&P 500 (SPY) ETF, an exchange-traded fund that allows investors to easily buy into the S&P 500 companies, was also down 30% over the same time frame.
While ETFs do not have the same level of selectivity as investments in individual securities, they do offer a convenient means of diversification. Thus, ETFs in general are more defensive than common stock investments, and
Despite the recent stock market correction, the following are the best-performing stocks over the past six months that have a long-term presence in multiple gurus' portfolios.
Shares of Clorox Co. (CLX) increased 14.98% over the past six months. The stock is held by seven gurus.
The company's largest guru shareholder is Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.68% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.30% and Yacktman Asset Management (Trades, Portfolio) with 0.05%.
The manufacturer of a variety of
Soros Fund Management, the firm founded by legendary guru George Soros (Trades, Portfolio), disclosed last week that its top five buys for the fourth quarter of 2019 were in Activision Blizzard Inc. (ATVI), Tiffany & Co. (TIF), Campbell Soup Co. (CPB), Pioneer Natural Resources Co. (PXD) and WellCare Health Plans Inc. (WCG).
Soros’ theory of reflexivity is based on the premise that individual investor biases affect the economy and market transactions. The guru’s firm seeks investing opportunities through the study of value and market prices of assets, stocks, bonds and other securities.
Daniel Loeb launched Third Point LLC in 1995. While he heads the firm’s research activities, portfolio and risk management, he is also infamous for his, at times, vitriolic letters in which he criticizes company CEOs of activism targets.
Third Point just released its fourth-quarter 2019 letter. Loeb kick off the latest letter with his 2020 outlook:
"We enter 2020 with friendly monetary conditions and a benign economic backdrop that has driven the market higher in the first weeks of the year. The conditions remind us of 2016 when the PMI reaccelerated due to Chinese stimulus. This year,
One of our biggest winners in Q4 and 2019 was Campbell (CPB), which gained over 6% in Q4 and 55% overall in 2019. Our initial foray into Campbell was met with skepticism, both in terms of the difficulty in effecting change in a family-controlled board and the seeming difficulty in turning around what most thought was a moribund and declining business. We saw things differently and created an opening for an attractive settlement with the board by securing support from all proxy advisory firms and building consensus among non-family shareholders around the need for change.
The Board has been refreshed
During the Fourth Quarter, Third Point’s Offshore Fund gained 3.9%. Since inception in 1996, Third Point Offshore has generated a net annualized return of 14.5%.
2019’s returns were generated with roughly half of the market’s exposure. We started the year with lower nets and increased exposure towards year-end. Profits were generated primarily by activist positions.
Heading into 2019, we reduced net and increased gross equity exposure by hedging activist positions and increasing individual shorts to dampen volatility, amplify idiosyncratic returns, and thereby increase alpha. These changes helped us generate higher-quality returns last year: our Sharpe ratio was above 2.0, our
The U.S. food industry is considered to be one of the best-performing spaces, with a majority of the listed companies’ stocks having performed exceedingly well in 2019. It is actually surprising to see that most of the companies within this space on the S&P 500 appear in green when one checks the year-to-date share performance, and it is evident that the industry has been a favorite among investors. There continue to be some exceptions, however, in the form of companies operating in weaker categories that are unable to grow their top-line and that are quickly sidelined by food investors. JM
According to current portfolio statistics, Daniel Loeb (Trades, Portfolio)’s top-five holdings as of the second quarter were Baxter International Inc. (BAX), United Technologies Inc. (UTX), Campbell Soup Co. (CPB), Danaher Corp. (DHR) and PayPal Holdings Inc. (PYPL).
Loeb, who founded New York-based Third Point in 1995, leads the firm’s research activities, portfolio and risk management. The firm focuses on a value-oriented, activist investing approach: Loeb seeks investments where a catalyst has potential to increase shareholder value.
The fund manager said in his shareholder letter that the firm returned 13.1% through the first
Shares of Campbell Soup Co. (CPB) were 3.9% higher at $45 at close on Friday following the release of financial results for its final quarter and full year of fiscal 2019.
The U.S. packaged branded foods and beverages company posted a GAAP net loss of 2 cents per share for the fourth quarter shifting from a net profit of 42 cents per share in the same quarter of fiscal 2018. Adjusted earnings per share were 42 cents, compared to 37 cents last year.
Fourth-quarter revenue was $1.78 billion, up 2% year-over-year.
“We delivered consistent results and met or exceeded
Campbell Soup Co. (CPB)'s restructuring plan appears to be taking shape after the company’s most recent quarterly results beat expectations on earnings.
This sent the company’s stock soaring more than 9% to trade at $47.46 in the morning hours before pulling back in the afternoon session to settle at around $45.00 per share.
Campbell Soup Co. is a manufacturer and marketer of branded food and beverage products. The Camden, New Jersey-based firm operates through two main verticals including America’s simple meals and beverages that feature among other products, Campbell’s condensed and ready-to-serve soups, and