There's been a flurry of activity regarding Campbell Soup Company (CPB) recently. Firstly, a historic name change from Campbell Soup Company to The Campbell's Company has been undertaken after 155 years. This rebrand is a strategic move to showcase their $1B+ brand portfolio and signal that the company is more than just soup.
Over the last few months, there have been changes in stock ownership: Aviva Plc, Bank of Montreal, and Invesco Ltd. have increased their positions, while Russell Investments Group Ltd., Legal & General Group Plc and First Trust Advisors LP have reduced theirs. Campbell's stock price has been unstable recently, hitting a 52-week low twice.
Corporate actions include the divestment of its Noosa Yogurt Brand and Pop Secret Business to focus on core brands. Additionally, a new CEO, Mick Beekhuizen, has been elected to succeed Mark Clouse and senior leadership appointments have been made to stimulate growth. Company earnings for Q4 2024 and Q2 2025 have been released with mixed results, leading to an adjustment in future guidance.
Campbell Soup Company CPB News Analytics from Mon, 29 Jul 2024 07:00:00 GMT to Fri, 02 May 2025 19:06:30 GMT - Rating 2 - Innovation 7 - Information -2 - Rumor -5
