Campbell SoupCPB
Market Cap: 14B
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 Q1 SEC filings by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 3 [Q4 2023] → 4 (+1) [Q1 2024]
2% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 66
1% more capital invested
Capital invested by funds: $6.74B [Q4 2023] → $6.83B (+$91.9M) [Q1 2024]
0% more funds holding
Funds holding: 607 [Q4 2023] → 608 (+1) [Q1 2024]
0.75% less ownership
Funds ownership: 52.28% [Q4 2023] → 51.54% (-0.75%) [Q1 2024]
19% less repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 240
20% less call options, than puts
Call options by funds: $58.7M | Put options by funds: $73.4M
Research analyst outlook
16 Wall Street Analysts provided 1 year price forecasts over the past 6 months
16 analyst ratings
JP Morgan Ken Goldman | 11%upside $52 | Overweight Upgraded | 26 Jun 2024 |
DA Davidson Brian Holland | 5%upside $49 | Buy Maintained | 10 Jun 2024 |
Wells Fargo John Baumgartner | 1%upside $47 | Equal-Weight Maintained | 7 Jun 2024 |
RBC Capital Nik Modi | 1%upside $47 | Sector Perform Reiterated | 7 Jun 2024 |
Citigroup Thomas Palmer | 10%downside $42 | Sell Maintained | 23 May 2024 |
Financial journalist opinion
Based on 4 articles about CPB published over the past 30 days