Price movement of Campbell Soup
Campbell Soup (CPB) has a market cap of $19.4 billion. It fell by 0.41% to close at $62.59 per share on June 22, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 1.3%, 4.5%, and 20.4%, respectively, on the same day.
This means that CPB is trading 1.4% above its 20-day moving average, 0.37% above its 50-day moving average, and 11.1% above its 200-day moving average.
Related ETF and peers
The PowerShares Dynamic Market Portfolio ETF (PWC) invests 0.55% of its holdings in Campbell Soup. The ETF tracks a quant-selected, tier-weighted index covering the entire US equity market. The YTD price movement of PWC was -1.2% on June 22, 2016.
The market caps of Campbell Soup’s competitors are as follows:
Campbell Soup declared dividend
Campbell Soup has declared a regular quarterly dividend of $0.312 per share on its common stock. The dividend will be paid on August 1, 2016, to shareholders of record at the close of business on July 11, 2016.
Performance of Campbell Soup in fiscal 3Q16
Campbell Soup reported fiscal 3Q16 total sales of ~$1.9 million, a fall of 1.6% compared to total sales of $1.9 billion in fiscal 3Q15.
Sales from Americas Simple Meals & Beverages and Global Biscuits & Snacks fell by 3.0% and 2.4%, respectively. Sales from Campbell Fresh rose by 6.5% in fiscal 3Q16 compared to fiscal 3Q15.
The company’s net income and EPS (earnings per share) rose to $185.0 million and $0.59, respectively, in fiscal 3Q16, compared to $179.0 million and $0.57, respectively, in fiscal 3Q15. It reported adjusted EPS of $0.65 in fiscal 3Q16, a fall of 1.5% compared to fiscal 3Q15.
Campbell Soup’s cash and cash equivalents rose by 66.5% in fiscal 3Q16 compared to fiscal 3Q15. Its current ratio rose to 0.86x, and its debt-to-equity ratio fell to 2.2x in fiscal 3Q16 compared to a current ratio and a debt-to-equity ratio of 0.82x and 2.4x, respectively, in fiscal 3Q15.
The company has made the following projections for fiscal 2016:
- net sales growth in the range of -1%–0%
- adjusted EBIT (earnings before interest and tax) growth in the range of 11%–13%
- adjusted EPS in the range of $2.93–$3.00
This guidance includes a 2% negative impact from currency translation and from the Garden Fresh Gourmet acquisition.
In the next part, we’ll look at Nike.