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Campbell Soup Company CPB - News Analyzed: 5,979 - Last Week: 100 - Last Month: 400

⇘ Campbell Soup Company CPB Undergoes Historic Name Change amidst Investor Stake Changes

Campbell Soup Company CPB Undergoes Historic Name Change amidst Investor Stake Changes
Envestnet Asset Management Inc. has a substantial stake of $5.82 million in The Campbell's Company (NASDAQ:CPB). However, UBS has downgraded Campbell's to Sell with a $36 price target, citing growth challenges. In a historic move, after 155 years, the Campbell Soup Company is changing its name. There's been an overwhelming approval from shareholders on this change. Various strategic investors like Jump Financial LLC, Trajan Wealth LLC, Raymond James Financial Inc., and LSV Asset Management have increased their stake in the company. The Campbell Soup Company has a determined focus on its core brands. Despite facing a weak quarter and stock tumbling by 20%, a new CEO has been appointed to accelerate its growth. Amidst this, the stock still poses as a strong value buy. The Campbell Soup Company will now be listed on Nasdaq. Earnings reports show mixed results from Q1 to Q4 2025, alternating between topping estimates and missing sales targets. The company is also looking to boost profit through cost-saving initiatives.

Campbell Soup Company CPB News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sun, 27 Apr 2025 00:44:14 GMT - Rating -5 - Innovation -3 - Information 5 - Rumor -1

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