|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||34.84 - 34.84|
|52 Week Range||28.45 - 45.62|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Let's check out the Yahoo Finance charts of the day. Amazon (AMZN): Shares are down in early trade, at around .02%. Amazon announced that Prime Day will start at 3:00 p.m. ET on July 16, and will last for 36 hours- six more than last year. Campbell Soup (CPB): Shares are up here, at around 3.2%. According to the NY Post, Hedge fund Third Point is pushing Campbell to explore a possible sale. The food company is in the process of reviewing its strategic plans. Heinz is also reportedly interested in acquiring Campbell Colgate-Palmolive (CL): Shares are up here, around .34%. The Wall Street Journal reports that Colgate is close to buying minority stake in online retail startup Hubble. Colgate reportedly wants to use Hubble to sell its household items through a home subscription service. For more on today's big stock movers check out the Final Round, live at 12:55 p.m. ET, right here on Yahoo Finance.
Shares of Campbell Soup rose on a report that activist investor Dan Loeb is planning a major shake up at the soup and snacks maker. Fred Katayama reports.
Jun.25 -- Bloomberg's Craig Giammona reports on the speculation that Kraft Heinz Co. could be eyeing Campbell Soup Co. He speaks on "Bloomberg Markets."
On July 6, Hain Celestial (HAIN) was trading at a 12-month forward PE (price-to-earnings) ratio of 22.9x. Following its fiscal third-quarter results,1 which were released on May 8, Hain Celestial’s valuation multiple has risen 50.8%.
The stocks of Kraft Heinz (KHC), Campbell Soup (CPB), Tyson Foods (TSN), and J.M. Smucker (SJM) are reeling under pressures from soft demand and higher costs related to commodities and logistics. To add to their woes, retaliatory tariffs imposed by China, Mexico, Canada, and the European Union could further dent their financials. In retaliation to President Trump’s higher tariffs on the imports of certain steel and aluminum products, Canada imposed 10% tariffs on soups, broths, and tomato ketchup and sauces, which could likely affect the financials of Campbell Soup and Kraft Heinz.
Some food and beverage companies were already struggling before the EU and Canada slapped the U.S. with hefty new tariffs. Campbell Soup faces a 10 percent tax on its soup, broths and tomato products after already being hit by the U.S. tariff on steel and aluminum. Tariffs on peanut butter and orange juice add to rising costs for J.M. Smucker and PepsiCo.
Campbell Soup has announced it is doing a strategic review, renewing speculation it could put itself up for sale. The announcement has also triggered speculation that activist investors could push for a sale. The keys to change are held by the descendants of John T. Dorrance, inventor of the condensed soup formula, who together own 41 percent of the company.
The Dow Jones Industrial Average is set for a higher open on a truncated trading day. •...and ponder an expanded investigation of Facebook (FB). S&P 500 futures have advanced 0.4%, while Dow Jones Industrial Average futures have risen 130 points, or 0.5%.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 6. Over the last one-month, outflows of investor capital in ETFs holding CPB totaled $1.32 billion. Additionally, the rate of outflows appears to be accelerating.
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Well that didn't last long. Shares of Campbell Soup (CPB) and Kraft Heinz (KHC) are lower Tuesday, a day after they got a boost from rumors that Kraft might buy the soup maker. Analysts weren't bowled over by the combination yesterday, and that lack of enthusiasm continued today. Bernstein's Alexia Howard reiterated an Outperform rating on Kraft, but warns that buying Campbell "will not solve the company's 'perception problem.'" Like, others, Howard thinks that a deal would be earnings accretive to Kraft.
Kraft Heinz looks keenly interested in buying Campbell Soup (CPB), which has been struggling with its soups and C-Fresh businesses for quite some time.
The S&P 500’s top gainers on June 25 were: Campbell Soup (CPB) gained 9.4% Scana (SCG) gained 3.8% FirstEnergy (FE) gained 3.2% Xcel Energy (XEL) gained 3% Kimberly-Clark (KMB) gained 2.9% Campbell Soup
Campbell Soup Co. shares jumped 9% in Monday trading after reports that Kraft Heinz Co. is interested in a takeover, but analysts don’t think a deal will take place. The New York Post reported on Friday that Kraft Heinz (KHC) is “very much interested in buying Campbell,” and believes the sales process is imminent. Kraft Heinz had no comment when MarketWatch reached out.
Packaged food companies might have 1 percent growth, "if they're lucky," says Ken Goldman, food and retail analyst at J.P. Morgan. Goldman doesn't think reports of a of the Kraft Heinz-Campbell Soup merger will actually happen. J.P. Morgan Chase food and retail analyst Ken Goldman told CNBC that the packaged food sector is not likely to grow.
Bloomberg's Craig Giammona reports on the speculation that Kraft Heinz Co. could be eyeing Campbell Soup Co. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Campbell Soup stock (CPB) soared more than 9.5% this afternoon as the New York Post reported that Kraft Heinz (KHC) is “very interested” in acquiring the beleaguered soup company. The news comes as Campbell Soup’s strategies and portfolio are under scrutiny and management is looking for ways to turn its business around. Campbell Soup has been struggling. The company’s soups and beverages segment continues to underperform, and the much-hyped Fresh segment failed to have a meaningful impact on financials amid operational challenges.