Campbell SoupCPB
Market Cap: $15.3B
About: Over the past 150-plus years, Campbell Soup has evolved into a leading packaged food manufacturer in North America, with a portfolio that extends beyond its iconic red-and-white labeled canned soup. In fiscal 2023, snacks accounted for half of its revenue (50%), followed by soup (29%), other simple meals (13%), and beverages (8%). Outside its namesake, its brands include Pepperidge Farm, Goldfish, Snyder's of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and recently acquired Rao's (which closed in March 2024). Nearly 90% of its revenue results from the US and the remainder from Canada and Latin America.
Employees: 14,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
36% more call options, than puts
Call options by funds: $77.4M | Put options by funds: $57.1M
25% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 5 (+1) [Q2]
6% more capital invested
Capital invested by funds: $6.98B [Q1] → $7.39B (+$414M) [Q2]
2.14% more ownership
Funds ownership: 52.65% [Q1] → 54.78% (+2.14%) [Q2]
1% more funds holding
Funds holding: 618 [Q1] → 625 (+7) [Q2]
10% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 71
0% less repeat investments, than reductions
Existing positions increased: 215 | Existing positions reduced: 216
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
RBC Capital Nik Modi 63% 1-year accuracy 24 / 38 met price target | 8%downside $47 | Sector Perform Reiterated | 30 Aug 2024 |
Wells Fargo Chris Carey 48% 1-year accuracy 11 / 23 met price target | 4%downside $49 | Equal-Weight Maintained | 30 Aug 2024 |
RBC Capital Nik Modi 63% 1-year accuracy 24 / 38 met price target | 8%downside $47 | Sector Perform Reiterated | 27 Aug 2024 |
Stifel Matthew Smith 63% 1-year accuracy 20 / 32 met price target | 12%downside $45 | Hold Maintained | 27 Aug 2024 |
TD Cowen Robert Moskow 70% 1-year accuracy 19 / 27 met price target | 8%downside $47 | Hold Maintained | 21 Aug 2024 |
Financial journalist opinion
Based on 26 articles about CPB published over the past 30 days