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 |
|---|---|---|---|
| 11/14/2024 | $47.00 → $56.00 | Neutral → Overweight | Piper Sandler |
| 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 |
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.
The Campbell's Company (NASDAQ:CPB) (Campbell's) today announced that it will report its first-quarter fiscal 2025 financial results on December 4, 2024 for the period ended October 27, 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 first-quarter fiscal 2025 earnings press release will be distributed prior to the call. In addition, prior to the call, a transcript of management's prepared remarks along with the earnings presentation will be posted to the Events & Presentations section of the investor r
New name reflects transformed portfolio and honors company's 155-year history Today, shareholders approved the change of the company's official name from Campbell Soup Company to The Campbell's Company (NASDAQ:CPB) (Campbell's). The change reflects the company's broad portfolio of leadership brands, from Campbell's soup to Goldfish crackers and Rao's pasta sauce. The new name will be effective following the filing of an amendment to the company's certificate of incorporation with the state of New Jersey. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118626807/en/ "This subtle yet important change allows us to retain the ic
Cassandra Green named Senior Vice President and Head of Supply Chain Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced the appointment of Daniel L. Poland to the newly created role of Executive Vice President and Chief Enterprise Transformation Officer, effective immediately. Poland will continue to report to President and Chief Executive Officer Mark Clouse and remain a member of Campbell's Operating Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114358374/en/Daniel L. Poland, Executive Vice President and Chief Enterprise Transformation Officer (Photo: Business Wire) Poland will lead a new Enterpri
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8-K - CAMPBELL SOUP CO (0000016732) (Filer)
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The Campbell's Company (NASDAQ:CPB) (Campbell's) today announced that it will report its first-quarter fiscal 2025 financial results on December 4, 2024 for the period ended October 27, 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 first-quarter fiscal 2025 earnings press release will be distributed prior to the call. In addition, prior to the call, a transcript of management's prepared remarks along with the earnings presentation will be posted to the Events & Presentations section of the investor r
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
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Piper Sandler upgraded Campbell Soup from Neutral to Overweight and set a new price target of $56.00 from $47.00 previously
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
Cassandra Green named Senior Vice President and Head of Supply Chain Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced the appointment of Daniel L. Poland to the newly created role of Executive Vice President and Chief Enterprise Transformation Officer, effective immediately. Poland will continue to report to President and Chief Executive Officer Mark Clouse and remain a member of Campbell's Operating Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114358374/en/Daniel L. Poland, Executive Vice President and Chief Enterprise Transformation Officer (Photo: Business Wire) Poland will lead a new Enterpri
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,
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4 - CAMPBELL SOUP CO (0000016732) (Issuer)
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