Citigroup initiated coverage on Campbell Soup with a new price target
$CPB
Packaged Foods
Consumer Staples
Citigroup initiated coverage of Campbell Soup with a rating of Sell and set a new price target of $41.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $55.00 → $58.00 | Mkt Perform → Outperform | Bernstein |
| 9/27/2024 | $51.00 | Buy → Neutral | DA Davidson |
| 9/20/2024 | $59.00 | Hold → Buy | Argus |
| 6/26/2024 | $45.00 → $52.00 | Neutral → Overweight | JP Morgan |
| 5/15/2024 | $42.00 → $46.00 | Underperform → Mkt Perform | Bernstein |
| 3/13/2024 | $49.00 | In-line | Evercore ISI |
| 3/1/2024 | $48.00 | Buy | DA Davidson |
| 2/1/2024 | $41.00 | Sell | Citigroup |
The Board of Directors of Campbell Soup Company (NASDAQ:CPB) today declared a regular quarterly dividend on Campbell's capital stock of $0.37 per share. The quarterly dividend is payable Oct. 28, 2024, to shareholders of record at the close of business as of Oct. 3, 2024. About Campbell For more than 150 years, Campbell (NASDAQ:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, the company generated fiscal 2024 net sales of $9.6 billion. Our portfolio includes iconic brands such as Campbell's, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Mil
For the fourth quarter: Net Sales increased 11% to $2.3 billion and decreased 1% on an organic basis. Earnings Before Interest and Taxes (EBIT) decreased to $77 million. Adjusted EBIT increased 36% to $329 million including the impact of the Sovos Brands, Inc. (Sovos Brands) acquisition. Earnings Per Share (EPS) decreased to $(0.01). Adjusted EPS increased 26% to $0.63. For the full year: Net Sales increased 3% to $9.6 billion and decreased 1% on an organic basis. EBIT decreased to $1 billion. Adjusted EBIT increased 6% to $1.5 billion including the impact of the Sovos Brands acquisition. EPS decreased to $1.89. Adjusted EPS increased 3% to $3.08. Returned $512 milli
Campbell Soup Company (NYSE:CPB) today announced that it will report its fourth-quarter and full-year fiscal 2024 financial results on August 29, 2024. Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer will host an investor conference call and webcast at 8:00 a.m. ET to review these results. The company's fourth-quarter and full-year fiscal 2024 earnings press release will be distributed prior to the call. All interested parties are invited to listen to and view the webcast at 8:00 a.m. ET at this link. Following the company's remarks, the conference call will include a question-and-answer session with the inves
Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced that it was awarded $3.4 million in funding through the U.S. Department of Agriculture (USDA)'s Regional Conservation Partnership Program (RCPP) to support California processing tomatoes. Under the project, Campbell's will partner with the Natural Resources Conservation Service (NRCS), American Farmland Trust and several Resource Conservation Districts to increase the adoption of sustainable agriculture systems and practices by tomato growers in California. The project's goal is to reduce agricultural greenhouse gas emissions, while building soil health, supporting water stewardship, and strengthening the profitability and res
Sides Enthusiasts Can Now Enjoy the Scents of their Favorite Holiday Side Dishes Year-Round with Limited-Edition Candle Collection CAMDEN, N.J. , Oct. 28, 2024 /PRNewswire/ -- Campbell's® officially kicked off Sides Season™ with the launch of the 2024 State of the Sides Report. The report offers a detailed look at the holiday side dishes and recipe trends that Americans will enjoy as they gather around the holiday table. This year's report focuses on evolving trends, preferences, and traditions, offering fresh insights into regional variations. It reaffirms that side dishes
New mix brings a briny twist to the classic brunch cocktail CAMDEN, N.J., Oct. 24, 2024 /PRNewswire/ -- Brunch may never be the same again, thanks to the new V8 Grillo's Dill Pickle Bloody Mary Mix. Bloody Marys have long been the unofficial cocktail of weekend brunches, with nearly 3 in 4 Americans agreeing they enjoy sipping on this savory staple. Now brunch just got even better, with V8® and Grillo's Pickles coming together to create a fresh take on this classic cocktail, tapping into 2024's hottest flavor trend: pickles. This bold new mix blends the iconic richness of V8 t
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Campbell Soup's (NYSE:CPB) short percent of float has risen 4.03% since its last report. The company recently reported that it has 17.83 million shares sold short, which is 9.3% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.9 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
JP Morgan analyst Ken Goldman upgrades Campbell Soup (NYSE:CPB) from Neutral to Overweight and raises the price target from $45 to $52.
Celebrity chef and organic soup and broth brand aim to reclaim the end of the weekend with #TGISunday series PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ -- Pacific Foods, a brand known for its organic and high-quality ingredients, has launched its #TGISunday content series to help people overcome the widespread phenomenon known as the "Sunday Scaries." Developed in partnership with chef and television star Matty Matheson, the series is designed to transform Sunday anxiety into a time for culinary joy and inspiration. A recent survey by Pacific Foods* revealed the deep impact o
Campbell Soup Company (NYSE:CPB) today announced the appointment of Jill Pratt as Senior Vice President, Chief Marketing Officer of its Meals & Beverages division, effective July 29, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240729989306/en/(Photo: Business Wire) Pratt will lead the U.S. Consumer Experience team for Campbell's Meals & Beverages division, partnering with the Category and Sales teams to attract new consumers and strengthen customer partnerships. She will be responsible for driving profitable growth, relevance and the continued modernization of an iconic portfolio of brands, including Campbell's, Chunky,
Robert Long to retire after 45 distinguished years in CPG DALLAS, July 16, 2024 /PRNewswire/ -- Kimberly-Clark (NYSE:KMB) today announced that Craig Slavtcheff has been appointed Chief Research and Development Officer, effective July 29. Slavtcheff will succeed Robert Long, who is retiring from the company after 45 years in the CPG industry, including the last three years at Kimberly-Clark. Slavtcheff is a seasoned executive with more than 30 years of R&D experience in the CPG industry. He most recently served as Executive Vice President, Chief R&D and Innovation Officer of Campbell Soup Company (NYSE:CPB), where he led the R&D function, including strategy, product development, and corporat
Bernstein upgraded Campbell Soup from Mkt Perform to Outperform and set a new price target of $58.00 from $55.00 previously
DA Davidson downgraded Campbell Soup from Buy to Neutral and set a new price target of $51.00
Argus upgraded Campbell Soup from Hold to Buy and set a new price target of $59.00
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