SC 13G/A - CAMPBELL SOUP CO (0000016732) (Subject)

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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.

DA Davidson analyst Brian Holland maintains Campbell Soup (NYSE:CPB) with a Buy and raises the price target from $47 to $49.

Wells Fargo analyst John Baumgartner maintains Campbell Soup (NYSE:CPB) with a Equal-Weight and raises the price target from $45 to $47.

RBC Capital analyst Nik Modi reiterates Campbell Soup (NYSE:CPB) with a Sector Perform and maintains $47 price target.

Campbell Soup's (NYSE:CPB) short percent of float has risen 4.07% since its last report. The company recently reported that it has 17.12 million shares sold short, which is 8.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.61 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

Wall Street rallied Wednesday as the services activity gauge indicated a stronger-than-expected expansion in May, pushing back fears of an economic slowdown which surfaced in recent days. Sentiment among service providers marked the highest monthly growth since August 2023, driven by robust increases in business activity and new orders, according to the ISM survey. The Nasdaq 100 Index soared 1.6% to 18,940 points, marking a new all-time high for the tech-heavy benchmark. Tech giants and semiconductor stocks continue to drive broader market gains. The combined market value of the Magnificent Seven reached the $15 trillion milestone, while the iShares Semiconductor ETF (NASDAQ:SOXX)

Campbell Soup Company (NYSE:CPB) reported third-quarter fiscal 2024 net sales growth of 6% year-over-year to $2.369 billion, beating the consensus of $2.353 billion. Net sales from the Meals & Beverages segment increased 15% YoY, and the Snacks segment declined by 2%. “We delivered a solid third quarter with sequential volume improvement, stable organic net sales, double-digit adjusted EBIT and adjusted EPS growth. We are excited about the integration of the Sovos Brands business, which already is bringing significant incremental growth to our company as we continue to navigate the pace of consumer recovery,” commented Campbell’s President and CEO, Mark Clouse. Adjusted EPS was $0.7

U.S. stocks are gearing up for a cautiously optimistic start on Wednesday after a late-session recovery led to a positive close in the previous session. Labor market data and service sector activity reading could set the tempo for the day’s trading direction. A soft private payroll number could prove to be a double-edged sword, depending on what traders choose to focus on. Bond yields remain subdued and but could see some volatility post the data. Positive reactions to earnings, specifically from the tech sector, could provide a lift to the space. FuturesPerformance (+/-)Nasdaq 100+0.39%S&P 500+0.20%Dow+0.13%R2K+0.05%In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust (NYSE:SPY)

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,

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

Campbell Soup Company (NYSE:CPB) today announced the appointment of Anthony Kyles as Chief Customer Officer, Meals & Beverages, effective March 4, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220029505/en/Anthony Kyles (Photo: Business Wire) Kyles will lead the U.S. retail sales team for Campbell's soups, meals, sauces and beverages, driving growth across the Meals & Beverages division with the company's retail customers. He will be responsible for profitably growing an iconic portfolio of brands, including Campbell's, Chunky, Pacific Foods, V8, Prego, Pace, Swanson and SpaghettiOs. He will join the Campbell Leadershi

Brawley Succeeds Adam Ciongoli Campbell Soup Company (NYSE:CPB) today announced the appointment of Charles A. Brawley, III as Executive Vice President, General Counsel and Corporate Secretary, effective Nov. 30, 2023. He succeeds Adam Ciongoli who has accepted a role at another company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231108849445/en/Charles A. Brawley, III (Photo: Business Wire) Brawley joined the company in 2016 and most recently served as Senior Vice President, Corporate Secretary and Deputy General Counsel, overseeing Campbell's legal functions of corporate governance, securities law, and commercial contract

Campbell Soup Company (NYSE:CPB) today announced the appointment of Carrie L. Anderson as Executive Vice President and Chief Financial Officer, effective Feb. 6. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005725/en/Carrie Anderson (Photo: Business Wire) Anderson will lead Campbell's finance function, including controllership, corporate financial planning and analysis, corporate strategy and development, tax, treasury, internal audit, investor relations, transactional services and financial systems. She will report to Campbell's President and Chief Executive Officer Mark Clouse and become a member of the company's Operat

Beekhuizen to Lead Meals & Beverages; Foley to Lead Snacks Campbell Soup Company (NYSE:CPB) today announced key management changes to support the company's continued growth and accelerate progress against its multi-year strategic plan. Mick Beekhuizen has been appointed President – Meals & Beverages. He will continue to serve as Chief Financial Officer until a successor to this role is named. Chris Foley, currently President – Meals & Beverages, will become President – Snacks. These changes are effective immediately. Both will continue to report to Campbell President and Chief Executive Officer Mark Clouse. This press release features multimedia. View the full release here: https://www.bus

Kim Fortunato to retire after more than a decade with the company Campbell Soup Company (NYSE:CPB) today announced the appointment of Kate Barrett as Director, Community Affairs, effective May 6, 2022. Barrett will succeed Kim Fortunato who last year informed the company of her intent to retire. Fortunato will remain with Campbell until May 6, 2022 to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220317005824/en/Campbell Appoints Kate Barrett to Lead Community Affairs (Photo: Business Wire) Barrett, who joined Campbell in 2017, will be responsible for setting the strategy and direction of Campbell's

Bob Furbee to retire after nearly four decades with Campbell Campbell Soup Company (NYSE:CPB) today announced the appointment of Daniel L. Poland as Executive Vice President and Chief Supply Chain Officer, effective Jan. 10, 2022. Poland succeeds Bob Furbee who informed the company of his intent to retire after 38 years of service. Furbee will remain with Campbell until April 2022 and work with Poland to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220104005819/en/Campbell Appoints Daniel L. Poland Executive Vice President and Chief Supply Chain Officer (Photo: Business Wire) Poland will lead Campbe

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

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

Completed the acquisition of Sovos Brands, Inc. (Sovos Brands) on March 12, 2024. Net Sales were $2.4 billion, increasing 6%, and were comparable to prior year on an organic basis. On a two-year-compound annual growth rate (CAGR), net sales increased 5% and organic net sales increased 2%. Earnings Before Interest and Taxes (EBIT) were $248 million; Adjusted EBIT was $354 million, an increase of 13% including the impact of the acquisition. Earnings Per Share (EPS) were $0.44; Adjusted EPS were $0.75, increasing 10%. Updates full-year fiscal 2024 guidance to include Sovos Brands. Campbell Soup Company (NYSE:CPB) today reported results for its third-quarter fiscal 2024 ended Ap

Campbell Soup Company (NYSE:CPB) today announced that it will report its third-quarter fiscal 2024 financial results on June 5, 2024, and will hold its Investor Day in mid-September 2024. Third-quarter earnings A conference call is scheduled at 8:00 a.m. ET to review the results. The company's third-quarter earnings press release will be distributed prior to the call. A live webcast will be available on investor.campbellsoupcompany.com/events-presentations/. Following the company's prepared remarks, the conference call will include a question-and-answer session. Participation by the press in the Q&A session is in listen-only mode. A copy of the presentation will be available prior to

The Board of Directors of Campbell Soup Company (NYSE:CPB) today declared a regular quarterly dividend on Campbell's capital stock of $0.37 per share. The quarterly dividend is payable July 29, 2024, to shareholders of record at the close of business as of July 3, 2024. About Campbell For more than 150 years, Campbell (NYSE: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 2023 net sales of $9.4 billion. Our portfolio includes iconic brands such as Campbell's, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Mila

Strengthens and diversifies Campbell's Meals & Beverages portfolio with additional high-growth brands including premium market-leading Rao's sauce, along with Michael Angelo's and noosa Risa Cretella from Sovos Brands to lead new Distinctive Brands unit within Meals & Beverages division Significant long-term shareholder value creation expected through meaningful sales and earnings growth contribution Campbell Soup Company (NYSE:CPB) today announced it has completed the acquisition of Sovos Brands, Inc. ("Sovos Brands") for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion. "This important milestone in Campbell's his

Expects to complete Sovos Brands, Inc. acquisition in March 2024  Net Sales were $2.5 billion, decreasing 1% on both a reported and organic basis. On a two-year-compound annual growth rate (CAGR), net sales increased 5% and organic net sales increased 6% due to favorable net price realization and continued brand strength. Earnings Before Interest and Taxes (EBIT) were $317 million; Adjusted EBIT was $364 million, an increase of 1%. Earnings Per Share (EPS) were $0.68; Adjusted EPS were $0.80, comparable to the prior year. Reaffirms full-year fiscal 2024 guidance. Subject to the satisfaction or waiver of customary closing conditions, Campbell expects to complete the acquisitio

The Board of Directors of Campbell Soup Company (NYSE:CPB) today declared a regular quarterly dividend on Campbell's capital stock of $0.37 per share. The quarterly dividend is payable April 29, 2024, to shareholders of record at the close of business as of April 4, 2024. About Campbell For more than 150 years, Campbell (NYSE: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 2023 net sales of $9.4 billion. Our portfolio includes iconic brands such as Campbell's, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Mi

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

Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced an agreement to sell the noosa yoghurt business to Lakeview Farms, LLC, a manufacturer of fresh dips, desserts and specialty products. Terms of the transaction were not disclosed. Campbell's purchased noosa as part of the Sovos Brands, Inc. acquisition in March 2024. At that time, Campbell's shared its intention to evaluate strategic alternatives for the brand, as the yogurt category is not core to Campbell's strategy. The noosa business generated net sales of $177 million for the last 12 months ending October 2024. Campbell's does not expect the divestiture to have a material impact to its fiscal 2025 financial results. Th

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

Partnership will Activate Campbell's Leadership Brands Across HBSE Properties Harris Blitzer Sports & Entertainment (HBSE) and Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced a unique marketing partnership spanning four storied sports franchises across several of the world's biggest leagues. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241016170957/en/Mark Clouse, Campbell's President and CEO and Tad Brown, CEO, Harris Blitzer Sports & Entertainment (Photo: Business Wire) Campbell's will serve as an official partner to the Philadelphia 76ers (NBA), the Washington Commanders (NFL), New Jersey Devils (NHL), Prude

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

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