Campbell Soup
About: Over the past 150-plus years, Campbell 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 2024, snacks accounted for nearly half of its revenue, followed by soup (28%), other simple meals (17%), and beverages (7%). Outside its namesake, its brands include Pepperidge Farm, Goldfish, Snyder's of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and recently acquired Rao's (a deal that closed in March 2024). Around 90% of its revenue results from the US and the remainder from Canada and Latin America.
Employees: 14,400
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
18% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 72
2% more funds holding
Funds holding: 625 [Q2] → 638 (+13) [Q3]
3% more repeat investments, than reductions
Existing positions increased: 216 | Existing positions reduced: 209
1% more capital invested
Capital invested by funds: $7.54B [Q2] → $7.65B (+$104M) [Q3]
10% less call options, than puts
Call options by funds: $69.6M | Put options by funds: $77.2M
3.32% less ownership
Funds ownership: 55.93% [Q2] → 52.61% (-3.32%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Andrew Lazar 47% 1-year accuracy 8 / 17 met price target | 10%upside $46 | Underweight Maintained | 6 Dec 2024 |
Stifel Matthew Smith 53% 1-year accuracy 17 / 32 met price target | 13%upside $47 | Hold Maintained | 5 Dec 2024 |
Citigroup Thomas Palmer 24% 1-year accuracy 8 / 34 met price target | 2%downside $41 | Sell Maintained | 5 Dec 2024 |
RBC Capital Nik Modi 28% 1-year accuracy 10 / 36 met price target | 22%upside $51 | Sector Perform Reiterated | 5 Dec 2024 |
Wells Fargo Chris Carey 33% 1-year accuracy 11 / 33 met price target | 8%upside $45 | Equal-Weight Maintained | 5 Dec 2024 |
Financial journalist opinion
Based on 28 articles about CPB published over the past 30 days
