|Bid||47.60 x 900|
|Ask||47.61 x 800|
|Day's Range||47.54 - 48.23|
|52 Week Range||32.03 - 48.38|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||68.04|
|Earnings Date||Nov 18, 2019 - Nov 22, 2019|
|Forward Dividend & Yield||1.40 (2.97%)|
|1y Target Est||44.25|
A bullish note from RBC Capital Markets, which thinks the soup maker’s turnaround is finally taking hold, sent the stock higher on Thursday.
Campbell Soup Company (CPB) today announced more than $1.5 million in grants to 22 organizations as part of the Campbell Soup Foundation’s annual grantmaking cycle and Campbell’s Healthy Communities, the company’s signature philanthropic program. The grantees include five organizations with operations in North Carolina where Campbell has a significant presence, including a Meals & Beverages manufacturing facility in Maxton and a Snacks operations center in Charlotte.
Kimberly-Clark's (KMB) third-quarter fiscal 2019 results are expected to reflect the impact of 2018 Global Restructuring Program and FORCE Program.
[Editor's note: "6 Safe Dividend Stocks to Buy Now" was previously published in September 2019. It has since been updated to include the most relevant information available.] From continuing concerns about the China-U.S. trade war to worries about the yield curve inversion, the stock market still faces many steep risks.America's political situation hasn't been this tense in decades. The EU is facing a host of challenges, and there's always volatility lurking somewhere.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdd it all up, and things could easily get volatile quite soon. That leaves investors wondering where they can go for safety.After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on those stocks as well. * 7 A-Rated Stocks to Buy for the Rest of 2019 That leaves safe-haven dividend stocks as a more favorable alternative. Here are six worth taking a look at. Diageo (DEO)Dividend Yield: 2.10%Rain or shine, good economy or bad, people like to drink alcohol. And for safe dividend seekers, that makes Diageo (NYSE:DEO) an ideal play. While its name may not be familiar, its brands almost certainly are. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others. Source: Puamella via Flickr (Modified)DEO stock is a well-known safe haven for investors. The company is headquartered in the U.K. and was one of the very few stocks to go up the day after Brexit in that country as British investors sold risky stocks and moved to safety. Diageo will again serve as a safe haven whenever the next bear market/recession hits.Diageo isn't just a great business, it's also a great dividend play. The company has continuously raised its dividend (as measured in its home currency of British Pounds) each of the past 20 years. Campbell Soup (CPB)Dividend Yield: 3%Campbell Soup (NYSE:CPB) is one of the unloved packaged-foods makers. It's not hard to see why, if you only think about the company's name. Canned soup certainly isn't trendy with younger consumers at this point. And there's a general nutritional wariness about heavily salted foods.Source: Shutterstock That said, there's much more to Campbell Soup than just the iconic red cans. The company is more and more a snack food play. As we know, while Americans profess an interest in healthier eating, they still love their junk food from time to time. Campbell's, owner of Hanover, Pop Secret, Goldfish and Pepperidge Farm, is in a great position to profit off of this. * 7 A-Rated Stocks to Buy for the Rest of 2019 Pepsico (NYSE:PEP), the leader in snacks, consistently gets a high P/E ratio from the market, as investors acknowledge the stickiness of their brands with consumers. The market, however, is not appreciating Campbell Soup as much. Shares are down from $50 in 2017 to $47 now. PacWest Bancorp (PACW)Dividend Yield: 6.6%After investors dumped bank stocks late last year, a lot of value has been created in this generally overlooked sector of the market, where solid dividends abound.Source: Shutterstock That brings us to PacWest Bancorp (NASDAQ:PACW), which offers a more-than 6% dividend yield at the moment. Headquartered in Los Angeles, PacWest is a major player throughout the California market and currently sports a $4 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis. In fact, its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 9.4 times its trailing earnings. New York Community Bancorp (NYCB)Dividend Yield: 5.22%Despite its large yield, New York Community Bancorp (NASDAQ:NYCB) is an even safer bank stock. NYCB stock currently yields 5.2%, and they earn more than enough to cover the dividend, with earnings coming in at around 79 cents and dividends at 68 cents annually. NYCB stock was down 12% last year because the sector was down, as discussed above. Over the last few months, though, it has fought its way back to the levels it traded at before the fall. That's why the bank is one of the safest in the country. It lends primarily against multi-family homes in New York City, one of the lowest-risk lending markets out there. * 7 A-Rated Stocks to Buy for the Rest of 2019 The bank's loans barely budged in performance even during 2008. With a strong dividend covered out of earnings and a safe loan book, investors can earn a large dividend income from a most conservative bank. Southern Co (SO)Dividend Yield: 4%In the worst of times, people tend to still want to use electricity. Even a severe economic downturn tends to not impact utility stocks too dramatically. As such, it's a sound sector to buy when investors get panicky, such as what we're seeing with the market now.Source: Desiree Kane via FlickrSouthern Co (NYSE:SO), as one of the highest-yielding large power utilities, checks the boxes for safe dividend stocks here. SO stock is currently yielding 4%.Its high yield is in large part, it seems, due to interest rates having gone up. Many investors treat utility stocks as substitutes for bonds. As such, when interest rates go up, investors demand a higher yield from their utility stock as well. If interest rates were to keep surging for years to come, SO stock would likely underperform. Right now, though, that clearly is not the case. Exxon Mobil (XOM)Dividend Yield: 5%Speaking of things people use in good times and bad, gasoline ranks pretty high on the list. Sure there is a minor drop-off in consumption during recessions, as people take fewer road trips, for example, but in general, oil and gas is a safe haven business. And Exxon Mobil (NYSE:XOM) as the largest U.S. player is a true sleep-well-at-night stock.Source: Mike Mozart via Flickr (Modified)The combination of a fortress balance sheet, diversified operations and a storied dividend make XOM stock an excellent place to endure market storms. It may seem strange to call Exxon diversified. But what many investors don't realize is that much of big oil has spun off the other segments of their businesses.We saw a ton of refining and pipelines subsidiaries moved out of the parent companies into MLPs and other corporate entities. That is all well and good as far as shareholder value maximization goes. But Exxon's more diversified approach ensures that it remains solidly profitable even when the price of oil plummets, as it did in recent years.XOM stock is hardly the most exciting name in a high-growth market. But at 16.7 times earnings and paying a 5% dividend yield, it is a fine option for defensive investors. And buyers are still getting a fair value at this point.At the time of this writing, Ian Bezek owned DEO, CPB, PACW, NYCB and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 6 Safe Dividend Stocks to Buy Now appeared first on InvestorPlace.
Is Campbell Soup Company (NYSE:CPB) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks […]
The sale is part of a broader strategy to divest the soup and snack maker’s international brands in order to focus on North America, where it has stronger branding and market positions.
Campbell Soup Company (CPB) announced it has completed the sale of its European Chips Business to Valeo Foods, a portfolio company of CapVest Partners LLP, for approximately £66 million (approximately $80 million based on current exchange rates). The Campbell European Chips Business includes UK-based Kettle Foods Limited and Netherlands-based Yellow Chips B.V. Campbell will use the proceeds from the divestiture to reduce debt. Under the terms of the agreement, Campbell will retain the Kettle Brand business in the United States and all other geographies except for Europe and the Middle East.
The 400 richest Americans are now worth a combined $2.96 trillion, according to Forbes, up 2.2% from 2018.
Campbell Soup did a hatchet job on fresh food seller Bolthouse Farms. Now the brand is back under new ownership.
Flowers Foods (FLO) has acquired more than 100 companies since 1968. The company is also progressing well with its efficient pricing strategy despite commodity cost inflation.
General Mills' (GIS) key global strategies, prospects from acquisitions and cost-saving initiatives keep it going despite the weak U.S. Snacks business and soft sales in Europe & Australia.
Moody's Investors Service has assigned a corporate family rating of B2 to Snacking Investments BidCo Pty Limited ("Arnott's"). At the same time, Moody's has assigned senior secured ratings of B2 to Arnott's' proposed USD500 million first lien senior secured term loan B facility, AUD300 million senior secured term loan B facility, AUD denominated delayed draw first lien senior secured term loan B facility (USD60 million equivalent), and USD100 million senior secured first lien revolving credit facility. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.
With Beyond Meat Inc.'s stock surging 9% Thursday, after McDonald's Corp. said it would test a plant-based burger made with Beyond Meat patties, the likelihood of a big short squeeze that fuels further gains is now "very high," according to Ihor Dusaniwsky, managing director of predictive analysts at financial analytics firm S3 Partners. Short interest, or bearish bets, in Beyond Meat's stock as a percent of shares available for trade (float) is about 41.6%, Dusaniwsky said, which dwarfs the other next-most shorted stocks in the packaged foods and meats sector of Hormel Foods Corp. at 13.9% and Campbell Soup Co. at 11.6%. But while the fee to borrow Hormel and Campbell stocks so they can be shorted is at a standard 0.3% annualized, Beyond Meat's is at 141%, Dusaniwsky said. He said virtually all of the lendable stock has already been lent, and recalls have been coming as some bulls take profit on their shares. "[W]ith mark-to-market losses mounting, stock borrow rates accelerating to the upside and stock recalls hitting the Street, the likelihood of a short squeeze is very high," Dusaniwsky wrote in a note to clients.
Lamb Weston's (LW) first-quarter fiscal 2020 results are poised to gain from LTO innovation and robust price/mix. However, rising input costs and SG&A expenses are headwinds.
The Board of Directors of Campbell Soup Company today declared a regular quarterly dividend on Campbell’s capital stock of $0.35 per share. The quarterly dividend is payable Oct.
Bolthouse Farms CEO Jeff Dunn joins Yahoo Finance’s Brian Sozzi and Alexis Christoforous on the First Trade to discuss what life at Bolthouse Farms as been like after Campbell Soup.