|Bid||0.00 x 1800|
|Ask||42.30 x 800|
|Day's Range||41.06 - 41.64|
|52 Week Range||32.03 - 43.98|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||40.03|
|Earnings Date||Aug 28, 2019 - Sep 3, 2019|
|Forward Dividend & Yield||1.40 (3.40%)|
|1y Target Est||39.00|
KKR & Co said it is buying Campbell Soup Co's Australian snacks unit Arnott's that will give it ownership of top-selling biscuit brands such as Tim Tam, in a deal local media reported was worth $2.2 billion. "I can confirm that KKR's offer for Arnott's was accepted by Campbell's late last night," an Australia-based spokeswoman for the New York-headquartered buyout firm said in an email, without specifying the price or commenting further.
KKR & Co said it is buying Campbell Soup Co's Australian snacks unit Arnott's that will give it ownership of top-selling biscuit brands such as Tim Tam, in a deal local media reported was worth $2.2 billion. "I can confirm that KKR's offer for Arnott's was accepted by Campbell's late last night," an Australia-based spokeswoman for the New York-headquartered buyout firm said in an email, without specifying the price or commenting further. A Campbell Soup spokeswoman declined to comment on the report and said the unit had not yet been sold.
KKR & Co has agreed to purchase the international business of food company Campbell Soup Co for $2.2 billion, including its popular biscuits brand Tim-Tams, the Australian Financial Review reported on Wednesday. The U.S. private equity firm was told it had won an auction for the business overnight, beating Australian rival Pacific Equity Partners, the newspaper said, citing anonymous sources. Representatives for KKR and PEP did not immediately return requests for comment.
Lamb Weston's (LW) Q4 earnings and sales improve year over year, backed by improved volumes and price/mix in the Global and Foodservice segments.
Kimberly-Clark's (KMB) second-quarter performance marked robust organic sales growth, improved gross margin, cost savings efforts and increase investments in brands.
Philip Morris' (PM) Q2 results gain from growth in heated tobacco units and favorable pricing. However, decline in cigarette shipment volumes were a drag.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Mondelez (MDLZ) concludes the buyout of Perfect Snacks, which will help strengthen its presence in the U.S. refrigerated snacks space.
Campbell (CPB) focuses on exiting non-key businesses, in line with board-led strategies. The company announces deal to sell Kelsen Group.
Campbell Soup is selling off its Danish snack division Kelsen Group to a Ferrero-affiliated company for $300 million, the company announced Friday. The sale of the international snack brand comes as Campbell divests itself of several divisions, such as its fresh food portfolio that included Bolthouse Farms. Kelsen was sold separately from the rest of Campbell’s international assets, Campbell President and CEO Mark Clouse said in a press release. “The sale of Kelsen Group supports our strategy to focus on North America, where we have iconic brands and strong market positions, while reducing debt,” Clouse said. Campbell (NYSE: CPB) is still looking to sell the rest of its international brands, Clouse said.
Campbell Soup Co said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero SpA for $300 million. Belgian holding company CTH Invest, a Ferrero affiliate, said it would take over Kelsen's two production facilities in Denmark and add fine biscuits assortments to its portfolio with the deal. "The sale of Kelsen Group supports our strategy to focus on North America where we have iconic brands and strong market positions, while reducing debt," Campbell Chief Executive Officer Mark Clouse said in a statement.
Campbell Soup Company (CPB) announced today that it has signed a definitive agreement for the sale of Kelsen Group to a Ferrero affiliated company for $300 million, subject to customary purchase price adjustments. Proceeds from the divestiture will allow Campbell to reduce debt. Based in Nørre Snede, Denmark, Kelsen is a producer of quality baked snacks whose primary brands include Kjeldsens and Royal Dansk.
"Today we communicated to a small number of North American employees that their positions have been eliminated," spokesman Thomas Hushen said in a statement to the Philadelphia Business Journal. "The changes we've announced today will allow us to become a leaner, more agile organization," Hushen said. "These decisions are always very difficult, but necessary to build a more-focused organization that has the stability and discipline to return Campbell to sustainable, profitable growth." Less than 1% of Campbell's workforce was affected.
Campbell Soup Co NYSE:CPBView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is moderate * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is moderate for CPB with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $7.62 billion over the last one-month into ETFs that hold CPB are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. CPB credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Lamb Weston (LW) focuses on enhancing capacity, undertaking innovation and boosting LTOs. However, costs continue to rise in Europe.
Tuesday ahead of the opening bell, PepsiCo will be one of the first major companies to deliver second-quarter financial results.
Nu Skin's (NUS) customer base rises steadily, courtesy of effective marketing strategies and launches. However, adverse impacts of currency rates are concerns.
Dean Foods (DF) is grappling with cost inflation and soft volumes. However, the company is on track with its comprehensive productivity program, including OPEX 2020 and company-wide initiatives.