|Bid||39.26 x 1400|
|Ask||39.27 x 1000|
|Day's Range||39.13 - 39.56|
|52 Week Range||32.63 - 50.66|
|Beta (3Y Monthly)||-0.16|
|PE Ratio (TTM)||66.88|
|Earnings Date||Feb 14, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||1.40 (3.58%)|
|1y Target Est||37.33|
Nutella maker, Ferrero, is interested in buying Campbell Soup's international business, two sources told Reuters. Roselle Chen reports.
Conagra's (CAG) second-quarter fiscal 2019 performance is expected to benefit from acquisitions and value-over-volume strategy.
Sanderson Farms (SAFM) fiscal Q4 earnings are likely to be affected by increased freight costs, lower average selling prices as well as higher costs of sales.
General Mills (GIS) Q2 results to be hurt by escalating input costs. Nevertheless, strategies to boost sales are encouraging.
There's a lot of talk about Wall Street's top-rated stocks. As 2018 ends and 2019 nears, everyone - including us - is talking about our favorite stock picks for 2019, or even the next decade. But not every stock is a well-loved lunker. There are numerous stocks with bearish, or at least increasingly bearish, Wall Street sentiment. Stocks where you should look before you leap. And with the market in such a precarious state right now, it makes even more sense to pay attention to those companies that are facing significant challenges ahead. Here we used TipRanks market data to pinpoint the Street's worst-rated stocks right now. We scanned a database of more than 5,000 stocks to find the following picks - some of which represent stocks to sell, and others of which you may want to hold if you own, but certainly don't want to chase. All stocks, bar one, have an analyst consensus of "Hold" or "Sell." There's one exception, but as you'll see, sentiment is quickly turning against it too. SEE ALSO: 10 Stocks Warren Buffett Is Buying (And 6 He's Selling)
Nutella maker Ferrero is spreading its dough over to Campbell Soup Co. The company, known for its hazelnut snack, is interested in buying Campbell's international business for what could be a $2 billion deal. Included in the deal are Arnott's Biscuits. Rather than sell the entire company outright, Campbell Soup announced back in August a plan to divest two businesses — its international operations and refrigerated-foods business.
Ferrero SpA is interested in buying Campbell Soup Co's international business, which includes biscuit brand Arnott's, two sources close to the matter said on Monday. Campbell started the process of selling its international and fresh refrigerated-foods units in August following a strategic review, joining the likes of other packaged food makers such as Kraft Heinz Co and Kellogg Co who have also been offloading some brands. Campbell recently settled a months-long proxy battle with billionaire Daniel Loeb's hedge fund Third Point LLC, which had pressured the company to sell itself.
Ferrero SpA is interested in buying Campbell Soup Co's (CPB.N) international business, which includes biscuit brand Arnott's, two sources close to the matter said on Monday. Campbell started the process of selling its international and fresh refrigerated-foods units in August following a strategic review, joining the likes of other packaged food makers such as Kraft Heinz Co (KHC.O) and Kellogg Co (K.N) who have also been offloading some brands. Campbell recently settled a months-long proxy battle with billionaire Daniel Loeb's hedge fund Third Point LLC, which had pressured the company to sell itself.
A tough pricing scenarios in commodity chicken weighs on Pilgrim's Pride (PPC) performance. Rising cost of sales is also a concern.
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Hedge fund managers like David Einhorn, Dan Loeb, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
In the space of a few hours last week, the acid-tongued activist investor Dan Loeb walked away with two victories, showing how traditionally bruising proxy fights can still pay off — despite falling out of fashion recently. from Mr Loeb to split into three companies. Mr Loeb’s Third Point fund two board seats, plus other concessions, after he launched a public battle to overhaul its board, including legal threats against directors.
Dan Loeb’s Third Point is one of the world’s top hedge funds. Insiders meanwhile have a lot of knowledge over their companies. In this article, we will analyze stocks that Third Point owns and that insiders have bought some shares in over around past six months, including Adobe Inc. (NASDAQ:ADBE), American Express Company (NYSE:AXP), Microsoft Corporation (NASDAQ:MSFT), salesforce.com, inc. […]
Jeffrey Dunn, who was CEO of Bolthouse Farms when it was acquired by Campbell Soup in 2012, is considered a potential bidder.
Campbell has launched the sale of carrot and smoothie company Bolthouse Farms, a step that will mark the beginning of the end of its investment in fresh food business.
Consumption of canned tuna has dropped more than 40 percent per capita over the last 30 years, according to U.S. Department of Agriculture data. Like Campbell Soup and Kraft Heinz, StarKist, Bumble Bee Foods and Chicken of the Sea International have struggled as millennials turn away from processed foods. Smaller brands that market themselves as safer and higher-quality are also eating into their market share, The Wall Street Journal reports.
Third Point owns 21,000,000 shares of the food-and-beverage company, or 7% of the outstanding stock. On Nov. 26, it revealed that it had entered a support agreement with Campbell that resulted in Third Point dropping its proxy contest at the Nov. 29 annual shareholders meeting. Campbell also agreed to expand its board to 14 seats from 12 and appoint two Third Point designees to fill those openings.
Third Point, the hedge fund founded by Mr. Loeb, has sunk roughly $4.5 billion into the two food companies, which now account for a full 17% of the fund’s net exposure. Mr. Loeb has a much bigger investment in Nestlé, but his approach with Campbell Soup has been notably more aggressive.
These appointments were previously announced as part of a settlement agreement with Third Point LLC.