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Barron's: Campbell Soup Shares Could Be a Bargain After Decline

Barron's: Campbell Soup Shares Could Be a Bargain After Decline
(Yelena-Rodriguez/Dreamstime)

Tuesday, 13 March 2018 02:54 PM

Campbell Soup Co. faces challenges but with its shares the cheapest they have been in years, the stock may be a bargain, Barron’s said in a recent article.

Campbell faces a grocery war. Walmart Inc., Amazon.com Inc., dollar stores like Dollar General Corp. and drugstores like CVS Health Corp. are vying to take share from traditional grocers, according to the article.

A recent squabble with Walmart over soup promotions cut into Campbell’s sales, but Barron’s said the grocery war was also a sales opportunity since Campbell plans to expand distribution through dollar stores and drugstores.

Campbell is expected to grow revenue by a fraction of 1 percent in its fiscal year through July, while increasing earnings per share by 2 percent, Barron’s said.

With shares trading below $42 earlier this month, their lowest since 2014, Barron’s noted,“The discount on shares may be too large to ignore.” Campbell shares closed at $43.61 on Friday.

© 2018 Thomson/Reuters. All rights reserved.

   
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Campbell Soup Co. faces challenges but with its shares the cheapest they have been in years, the stock may be a bargain, Barron’s said in a recent article.
campbell, soup, shares, stock, barrons
153
2018-54-13
Tuesday, 13 March 2018 02:54 PM
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