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News Breaks
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November 23, 2009
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| 20:40 EDT |  | CPB |
| theflyonthewall.com: | Campbell Soup looks downright appetizing at current levels, Barron's says | | Campbell Soup (CPB) shares were up just over 1% Monday, after the company raised its full-year guidance. The stock has been a steady performer throughout the recession, but trading at just over 13 times next year's earnings, the shares seem cheap for a company that has surprised on the upside for the last six quarters and sports an attractive 2.9% dividend yield. Janney Montgomery Scott analyst Jonathan Feeney told Barrons.com that Campbell's strong-balance sheet is one of the main reasons he recommends the stock. The shares are also trading at roughly a 10% discount to its peers based on debt-to-Ebitda, at 1.7 times, and this gap is likely to result in increasing dividends or higher share repurchases. Despite glimmers of an economic recovery, consumers should still remain under pressure in coming months, making Campbell's products attractive going forward, says Barron's. With the winter soup season just getting underway, Campbell's seems poised to deliver on strong projections. Additionally, although forays into foreign markets like Russia and China, while in their infancy, should health the company report healthy international growth. Reference Link :theflyonthewall.com |
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February 6, 2012
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| 08:32 EDT |  | CPB |
| theflyonthewall.com: | Campbell Soup names Robert Morrissey Chief Human Resources Officer | | :theflyonthewall.com |
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