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Campbell Soup Declares Dividend of $0.35 Per Share

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Price movement

Campbell Soup (CPB) has a market cap of $17.2 billion and fell 0.42% to close at $54.22 per share on November 17, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 1.7%, 1.3%, and 5.5%, respectively, on the same day.

CPB is now trading 0.87% above its 20-day moving average, 0.07% above its 50-day moving average, and 9.3% below its 200-day moving average.

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Related ETF and peers

The PowerShares Dynamic Market Portfolio ETF (PWC) invests 0.49% of its holdings in Campbell Soup. The YTD price movement of PWC was 8.3% on November 17.

The market caps of Campbell Soup’s competitors are as follows:

  • Kraft Heinz (KHC): $105.2 billion
  • Mondelez International (MDLZ): $69.7 billion
  • General Mills (GIS): $37.3 billion

Campbell Soup’s dividend and performance in fiscal 4Q16

Campbell Soup has declared a regular quarterly dividend of $0.35 per share on its common stock. The dividend will be paid on January 30, 2017, to shareholders of record at the close of business on January 11, 2017.

Campbell Soup reported fiscal 4Q16 total sales of $1.68 billion—a fall of 0.35% compared to total sales of $1.69 billion in fiscal 4Q15. Sales from Global Biscuits & Snacks rose 0.81% and sales from Campbell Fresh fell 4.7% YoY (year-over-year) in fiscal 4Q16.

Its net income and EPS (earnings per share) fell to -$81.0 million and -$0.26, respectively, in fiscal 4Q16, as compared to $17 million and $0.05, respectively, in fiscal 4Q15. It reported adjusted EPS of $0.46 in fiscal 4Q16—a YoY fall of 6.1%.

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Fiscal 2016 results

In fiscal 2016, CPB reported net sales of $8 billion—a YoY fall of 1.2%. Its net income and EPS fell to $563 million and $1.81, respectively, in fiscal 2016, as compared to $666 million and $2.13, respectively, in fiscal 2015. It reported adjusted EPS of $2.94 in fiscal 2016—a YoY rise of 10.9%.

Campbell Soup’s cash and cash equivalents rose 17.0% in fiscal 2016. Its current ratio and debt-to-equity ratio fell to 0.70x and 2.3x, respectively, in fiscal 2016, as compared to 0.75x and 3.0x, respectively, in fiscal 2015.

Projections

CPB has revised the following projections for fiscal 2017:

  • organic sales growth: 0%–1%
  • adjusted EBIT growth: 1%–4%
  • adjusted EPS growth: 2%–5%, or $3.00–$3.09 per share

Now let’s discuss PepsiCo (PEP).

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