Campbell Soup Company, an established player in the consumer goods sector, has recently undergone notable changes as reported by multiple financial firms. The company, now trading as
NASDAQ:CPB, has made a historic name change to 'The Campbell's Company' to better reflect its diverse brand portfolio. In terms of transactions,
Amundi has increased its holdings in the company while
PNC Financial Services Group and
Victory Capital Management have decreased their positions. Besides,
Charles Schwab Investment Management and
Edgestream Partners L.P. have increased their shares in the company.
DA Davidson issued a pessimistic forecast for the company's Q3 earnings and
Wells Fargo & Company and
Bank of America analysts cut their price targets. However, the stock is seeing value growth and is trading 5.4% higher. The decision to divest from Noosa Yogurt has allowed the company to focus on core brands. Despite a decrease in Q2 profit, the results still beat estimates. The transitioning phase has led to a mixed growth outlook while the company faces potential competition from private labels and big-name rivals.
Campbell Soup Company CPB News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sun, 16 Mar 2025 01:30:52 GMT -
Rating 5
- Innovation -5
- Information 7
- Rumor -4
