Campbell's Company (CPB)

Over the past six months, The Campbell's Company's stock price has declined by 31.87%. The stock has underperformed the broader market. JP Morgan downgraded Campbell's on March 6, 2025. Morgan Stanley initiated coverage with an "Equal-Weight" recommendation on March 24, 2025. UBS initiated coverage with a "Sell" recommendation on April 23, 2025. TD Cowen lowered its price target to $33.00 from $36.00 on June 18, 2025. Argus downgraded Campbell Soup from "Buy" to "Hold" on June 20, 2025, citing persistent volume challenges. Campbell's reported Q2 fiscal 2025 results with net sales increasing 9% but organic net sales decreasing 2%. Q3 fiscal 2025 results showed net sales up 4% and organic sales growth of 1%. The company reaffirmed its full-year fiscal 2025 guidance but expects adjusted EPS to be at the low end of the range. Shareholders approved the change of the company's official name from Campbell Soup Company to The Campbell's Company in November 2024. The company also announced a transfer of its stock listing from the NYSE to the Nasdaq Global Select Market, effective August 19, 2024.

Demand for Campbell's soup products is seasonal, with higher sales during the fall and winter months, although soup is becoming more seasonally versatile. Demand for other products is generally evenly distributed throughout the year. The company leverages ingredient seasonality in its foodservice division. During the COVID-19 pandemic, demand for soup products was above normal levels even during spring and summer.

The Campbell's Company is an American food company headquartered in Camden, New Jersey, with a history dating back to 1869. It operates in the consumer defensive sector, specifically in the food processing and packaged foods industry. The company develops, manufactures, and markets a diverse portfolio of food and beverage products, emphasizing convenience and health. Its operations are divided into Meals & Beverages and Snacks. The company's product portfolio includes brands such as Campbell's soups, Pepperidge Farm, Snyder's of Hanover, and Rao's. Snacks contribute nearly half of its revenue in fiscal year 2024, while soups and broths account for about 50% of total revenue.

The Campbell's Company has a significant global presence, with products sold in over 100 countries. Its primary business presence is in North America, encompassing the United States and Canada, which accounts for approximately 90% of its revenue. The company also has a presence in Europe and other international markets.

The Campbell's Company has received positive recognition for its workplace environment, being named one of America's Greatest Workplaces 2025 by Newsweek. The company has invested in renovating its headquarters and modernizing facilities, emphasizing talent development and workplace culture. Campbell's strategic rebranding in 2024 underscores its commitment to evolving with consumer preferences. The company focuses on sustainability initiatives, aiming for 100% recyclable or compostable packaging and a 50% reduction in food waste by 2030.

The Campbell's Company's ownership is distributed among institutional, insider, and retail investors. Institutional shareholders hold 56.96% of the company, while Campbell's Co insiders hold 155.54%, and retail investors hold 0.00%. Major institutional owners include Vanguard Group Inc., BlackRock Inc., and State Street Corp. Key individual owners include Bennett Dorrance, Charlotte C. Weber, and Mary Alice Malone.