Stephens Inc. AR acquired more than 36,000 shares of Campbell Soup Company (CPB) as the company is considering a name change to highlight its diversified portfolio. As a part of rebranding, Campbell will be known as
The Campbell's Company, which resonates with their evolution and broadened portfolio beyond soup. However, Wall Street analysts are divided over future CPB price, as it has significant P/E multiples but is also facing stiff competition from private labels and big-name rivals.
Jim Cramer, other asset management, and investment companies like Lecap, Van ECK Associates are optimistic, while abrdn plc and others disposed of their stakes. Campbell's shares recently stooped to a new 52-week low amid sales of its Noosa Yoghurt and Pop Secret businesses. Despite setbacks, the
company stays positive as it launches the Next Chapter of Growth at Fiscal 2025 Investor Day, creates an Enterprise Transformation Office, and announces new leadership roles and high-profile partnerships.
Net sales have fallen short of projection, but the company reaffirms its full-year fiscal 2025 guidance and increases its quarterly dividend.
Campbell Soup Company CPB News Analytics from Wed, 20 Mar 2024 07:00:00 GMT to Sat, 15 Feb 2025 03:24:20 GMT -
Rating -4
- Innovation -2
- Information 6
- Rumor -8
