|Bid||41.870 x 1300|
|Ask||41.880 x 1000|
|Day's Range||41.410 - 42.070|
|52 Week Range||32.630 - 54.370|
|PE Ratio (TTM)||26.16|
|Earnings Date||Aug 30, 2018|
|Forward Dividend & Yield||1.40 (3.33%)|
|1y Target Est||36.15|
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Friday.
This bull market is getting awfully long in the tooth. Stocks haven't recorded a 20% drop since March 9, 2009 - the beginning of the recovery from the Great Recession. At 3,444 days at last count, this bull market is on pace to set the all-time record on Aug. 22, surpassing the 3,452-day rally between Oct. 11, 1990. Nothing lasts forever, of course, and that will be true of the current bull market at some point. "Since we are back close to the highs for the S&P 500, risks of a pullback have certainly risen," Wall Street veteran Bill Stone told CNBC on Aug. 9. But even with a bear market nowhere in sight, some individual stocks may be in trouble. TipRanks' Stock Screener reveals stocks with a bearish analyst consensus rating - so while we often use the screener to identify stocks to buy, it's also useful in targeting stocks to avoid or even sell. Today, we'll look at seven stocks that have consensus hold or sell ratings from Wall Street right now, indicating that they could be trouble in the months ahead. We'll also share analysts' price targets on these stocks to avoid, and the pros' reasons as to why. SEE ALSO: 10 of the Market's Most Shorted Stocks
Campbell Soup (CPB) has disappointed investors with its financial performance in the past several quarters. To add to its pain, retaliatory tariffs from Canada, a tough retail environment in the United States, and margin headwinds, including higher manufacturing, packaging, and transportation costs, have further pressured its financials. Increased interest expenses are also expected to subdue its earnings.
Campbell Soup (CPB) stock, which recently spiked on the speculation that Kraft Heinz (KHC) was interested in acquiring the beleaguered soup company, is now under pressure. On August 10, JPMorgan downgraded CPB stock to “underweight,” and then the stock fell 2.2%. JPMorgan analyst Ken Goldman stated that shareholders would pressure the company’s management to look for a possible sale.
Millennials are eschewing its processed food and retail consolidation is squeezing its profit margins. Campbell’s heirs and heiresses have their work cut out. In response to weakening soup sales, former boss Denise Morrison spent $6bn buying pretzel maker Snyder’s-Lance at a whopping multiple of 20 times ebitda, a cash earnings measure.
Kraft Heinz (KHC) is exposed to the dead zone, with products such as Heinz Ketchup, Kraft macaroni and cheese, Kool-Aid, Jell-O, Capri Sun drinks, Maxwell House coffee, and Planters nuts. The company is also vulnerable to increasing private-label competition for its chilled products, including Kraft cheese and Oscar Mayer cold cuts. Talk of consolidation in the food business has put renewed attention on Kraft Heinz, seen as the company most likely to gobble up rivals.
Activist investor Daniel Loeb is teaming with a descendant of the Campbell Soup family to push for a sale of the company.
Shares of Campbell Soup Co. slid 1.2% in midday trade Friday, after J.P. Morgan analyst Ken Goldman turned bearish on the convenience foods company, on the belief that optimism surrounding a potential buyout may be unwarranted. The stock had rallied 2.5% to a near 4-month high on Aug. 3, after The New York Post reported that Kraft Heinz Co. (khc) opened exploratory talks about acquiring Campbell. "Although we agree with Third Point that [Campbell's] best option is to sell, we see a sale as an unlikely outcome," Goldman wrote in a note to clients.
Billionare Dan Loeb, hedge fund manager and leader of Third Point, is calling for the sale of Campbell Soup Co. ( CPB). According to a securities filing filed with the SEC and reported on by CNBC, Loeb's hedge fund recently bought up a 5.65% stake in the food company. Loeb is taking an activist approach and is reportedly planning a partnership with shareholder George Strawbridge in order to call for the sale of the company.
Activist investor and major Campbell Soup Company (NYSE: CPB ) shareholder Dan Loeb is pushing the soup company to sell itself, but this is an unlikely outcome, according to JPMorgan. The Analyst JPMorgan's ...
Campbell (CPB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
While J.P. Morgan's Ken Goldman agreed with a growing chorus of frustrated shareholders to pressure company leadership into selling, he wrote the path to a sale remains uncertain. The rerating of Campbell's stock comes a day after a securities filing revealed that renowned shareholder activist Third Point recently built a 5.65 percent in the company.
News Corp. reported adjusted quarterly profit of 8 cents per share , two cents above estimates. The Wall Street Journal publisher also saw revenue top forecasts, thanks to growth in real estate listings, book publishing, and subscription video services. Tesla TSLA – Tesla's board of directors will meet with financial advisors next week to discuss CEO Elon Musk's proposal to take the company private, according to sources.
The center of your grocery store is dying. News that 3G Capital is selling down its stake in Kraft Heinz (NYSE:KHC) is just one more nail in the coffin. The consumer-packaged goods (CPG) companies that once dominated American grocery retailing are getting slammed this decade.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - A U.S. federal judge authorized the seizure of Citgo Petroleum ...
Activist investor Third Point LLC is pushing for a sale of Campbell Soup Co. with the help of an heir to the soup company’s founder. Third Point said in a filing on Thursday that it had spent more than $686 million since mid-June, acquiring a 5.65% stake in Campbell. Campbell’s shares rose 0.6% to $42.23, making Third Point’s stake worth about $716 million.
The joint effort, first reported by Reuters earlier on Thursday, could prove difficult as descendants of former Campbells Soup Chairman John Dorrance own a combined stake of about 41 percent in the company. Loeb's Third Point hedge fund and Strawbridge together own a 8.42 percent stake in the 150-year-old company, with Third Point holding 5.65 percent, according to the filing with the U.S. Securities and Exchange Commission.
Dan Loeb is hoping for a quick gain with his newly disclosed 5.65% stake in Campbell Soup Co (CPB). Loeb believes that the company is already on its way of selling itself and by getting actively involved in the process he is making sure that this actually happens. Dan Loeb is acting together with George […]
One of the challenges in a possible Campbell Soup Co. sale was the family's large stake in the company, according to experts.
Third Point confirmed reports on Thursday, Aug. 9 that it was calling for Campbell's Soup Co. "These [Campbell's] shareholders include the founder's many descendants, who are beneficiaries of trusts controlled by certain members of this board and who have been ill-served by the poor oversight of the Issuer's business. One such descendant shareholder who strongly shares our views is George Strawbridge, and we have agreed to act together to pursue change at the Issuer," read the 13D filing by Third Point.