CPB - Campbell Soup Company

NYSE - NYSE Delayed Price. Currency in USD
48.96
+0.39 (+0.80%)
At close: 4:00PM EST
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Previous Close48.57
Open48.44
Bid0.00 x 1000
Ask0.00 x 900
Day's Range48.20 - 49.19
52 Week Range32.17 - 49.56
Volume4,132,858
Avg. Volume2,002,241
Market Cap14.769B
Beta (5Y Monthly)0.42
PE Ratio (TTM)81.06
EPS (TTM)0.60
Earnings DateFeb 24, 2020 - Mar 01, 2020
Forward Dividend & Yield1.40 (2.88%)
Ex-Dividend DateJan 05, 2020
1y Target Est45.20
  • Business Wire

    Campbell Soup Company Announces Pricing of its Debt Tender Offers

    Campbell Soup Company (NYSE:CPB) (the "Company") announced today the pricing of its previously announced offers to purchase for cash up to $1.2 billion (the "Maximum Tender Amount") of its 3.30% Senior Notes due 2021 (up to an increased sublimit of $328,644,000 aggregate principal amount) (the "2021 Notes"), 3.80% Senior Notes due 2042 (the "2042 Notes"), 3.65% Senior Notes due 2023 (up to an increased sublimit of $633,846,000 aggregate principal amount) (the "2023 Notes"), 3.95% Senior Notes due 2025 (up to a sublimit of $300,000,000 aggregate principal amount) (the "2025 3.95% Notes"), 3.30% Senior Notes due 2025 (the "2025 3.30% Notes") and 4.15% Senior Notes due 2028 (up to a sublimit of $50,000,000 aggregate principal amount) (the "2028 Notes", and together with the 2021 Notes, the 2042 Notes, the 2023 Notes, the 2025 3.95% Notes and the 2025 3.30% Notes, the "Securities", and the foregoing sublimits, the "Series Tender Caps"). The Company refers to its offers to purchase the Securities as the "Offers." The Company previously announced today that it amended the Offers to increase the previously announced Maximum Tender Amount from $1.0 billion to $1.2 billion, as well as the previously announced Series Tender Caps for the 2021 Notes and the 2023 Notes as set forth above.

  • Business Wire

    Campbell Soup Company Announces Upsize and Early Tender Results of its Debt Tender Offers

    Campbell Soup Company (NYSE:CPB) (the "Company") announced today that it has amended the terms of the Offers (as defined below) to increase the combined aggregate principal amount of Securities subject to the Offers from $1.0 billion to $1.2 billion (the "Maximum Tender Amount"). Additionally, the Company has amended the Offers to increase the previously announced Series Tender Caps (as defined below) with respect to the 2021 Notes and the 2023 Notes (each as defined below) as set forth in the table below. The Company also announced today the early tender results of its previously announced offers to purchase for cash up to the Maximum Tender Amount of its 3.30% Senior Notes due 2021 (up to an increased sublimit of $328,644,000 aggregate principal amount) (the "2021 Notes"), 3.80% Senior Notes due 2042 (the "2042 Notes"), 3.65% Senior Notes due 2023 (up to an increased sublimit of $633,846,000 aggregate principal amount) (the "2023 Notes"), 3.95% Senior Notes due 2025 (up to a sublimit of $300,000,000 aggregate principal amount) (the "2025 3.95% Notes"), 3.30% Senior Notes due 2025 (the "2025 3.30% Notes") and 4.15% Senior Notes due 2028 (up to a sublimit of $50,000,000 aggregate principal amount) (the "2028 Notes", and together with the 2021 Notes, the 2042 Notes, the 2023 Notes, the 2025 3.95% Notes and the 2025 3.30% Notes, the "Securities"). The Company refers to its offers to purchase the Securities as the "Offers."

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  • Business Wire

    Campbell Named One of the World’s Most Sustainable Corporations

    Campbell Soup Company (NYSE: CPB) has been named to the 16th annual 100 Most Sustainable Corporations in the World list by Corporate Knights, a media, research and financial products company. Ranked number 93, Campbell is one of 17 U.S. companies, and one of only two U.S. food companies, included in the Global 100. Companies appearing on the Global 100 list represent the top 1% in the world based on sustainability performance according to Corporate Knights. The list was announced yesterday at the World Economic Forum in Davos.

  • Business Wire

    Campbell Soup Company Named to 2020 Bloomberg Gender-Equality Index

    Campbell Soup Company (NYSE: CPB) has been named to the 2020 Bloomberg Gender-Equality Index (GEI) which recognizes companies committed to transparency in disclosing gender-related metrics and investment in workplace gender equality. The third annual index includes 325 companies spanning 50 industries headquartered across 42 countries. Campbell performed well in areas such as Board representation, employee health care and flexible work arrangements.

  • Can Campbell Soup Company (NYSE:CPB) Maintain Its Strong Returns?
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    The Soup Stock for Options Bulls

    Cambell Soup just pulled back to a bullish signal on the charts

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    TreeHouse Foods (THS) Calls Off Contract With Post Holdings

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  • Barrons.com

    Campbell Soup and Six Other SEC Filings

    Gamco reports to the Securities and Exchange Commission on Oil-Dri Corporation of America, and six other filings.

  • Outgoing Campbell's executive snags top job at major competitor
    American City Business Journals

    Outgoing Campbell's executive snags top job at major competitor

    Campbell's snacks divisions president is leaving the company to take a job with one of the company's biggest competitors.

  • Bloomberg

    Kraft Heinz Poaches Rising Star at Campbell in Rare Outside Hire

    (Bloomberg) -- Kraft Heinz Co., in the midst of building a turnaround plan, hired the leader of Campbell Soup Co.’s fast-growing snacks business to lead its U.S. operations.Carlos Abrams-Rivera, 52, will join Kraft Heinz in February. He previously was president of Campbell’s popular Pepperidge Farm brand, which makes Goldfish crackers and Mint Milano cookies. He also worked at Mondelez International Inc. and started his career at Kraft Foods before its 2015 merger with Heinz that was engineered by Warren Buffett and the private equity firm 3G Capital.Abrams-Rivera’s hiring is a rarity in a company that has stayed mostly within the 3G family when replenishing its executive ranks. Kraft Heinz Chief Executive Officer Miguel Patricio and Chief Procurement Officer Marcos Eloi both came from 3G-backed Anheuser-Busch InBev SA. Chief Financial Officer Paulo Basilio, who returned to the role in September, has been a partner at 3G since 2012.Since Patricio joined Kraft Heinz last year, investors have been eager to see how he will turn around the flailing business. The company had a tumultuous 2019 that included weak profit, a $15.4 billion writedown and an SEC subpoena. Amid this backdrop, it seems Kraft Heinz is moving beyond the typical 3G playbook, which is to slash costs until profit rises and then acquire competitors and repeat the process.“I want talent, and that’s what I’m looking for,” Patricio told Bloomberg in an interview Wednesday. He cited Abrams-Rivera’s track record at Campbell, including oversight of brands that proved to be consistently successful. The growth of Pepperidge Farm and Campbell’s acquisition of Snyder’s-Lance under Abrams-Rivera drew Kraft Heinz’s attention, he said.“The story of his career is building brands and turning brands around,” Patricio said.Abrams-Rivera will face that very challenge at Kraft Heinz. Patricio mentioned Heinz Ketchup and Philadelphia cream cheese as top performers that can keep growing. Oscar Mayer and Lunchables, meanwhile, are examples of brands that are ready to be turned around, he said.(Adds executives affiliated with 3G in third paragraph.)To contact the reporter on this story: Deena Shanker in New York at dshanker@bloomberg.netTo contact the editors responsible for this story: Sally Bakewell at sbakewell1@bloomberg.net, Jonathan Roeder, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Business Wire

    Campbell Soup Company Announces Debt Tender Offers

    Campbell Soup Company (NYSE:CPB) (the "Company") announced today it has commenced offers to purchase for cash up to $1.0 billion combined aggregate principal amount (the "Maximum Tender Amount") of its 3.30% Senior Notes due 2021 (up to a sublimit of $300,000,000 aggregate principal amount) (the "2021 Notes"), 3.80% Senior Notes due 2042 (the "2042 Notes"), 3.65% Senior Notes due 2023 (up to a sublimit of $400,000,000 aggregate principal amount) (the "2023 Notes"), 3.95% Senior Notes due 2025 (up to a sublimit of $300,000,000 aggregate principal amount) (the "2025 3.95% Notes"), 3.30% Senior Notes due 2025 (the "2025 3.30% Notes") and 4.15% Senior Notes due 2028 (up to a sublimit of $50,000,000 aggregate principal amount) (the "2028 Notes", and together with the 2021 Notes, the 2042 Notes, the 2023 Notes, the 2025 3.95% Notes and the 2025 3.30% Notes, the "Securities"). The Company refers to its offers to purchase the Securities as the "Offers."

  • MarketWatch

    Third Point cuts its stake in Campbell Soup by 2.1 million shares

    Daniel Loeb's hedge fund Third Point Capital sold off about 2.1 million shares of Campbell Soup Co. , according to a Securities and Exchange Commission filing late Tuesday. From Nov. 5, 2019 to Monday, Third Point sold shares ranging in price from $46.50 to $48.45, with the bulk of the sold shares, 1.9 million, being sold on Monday. Campbell Soup shares were flat after hours, and closed up less than 0.1% at $48.19. Following the sale, the hedge fund still owns 12.5 million shares, or a 4.1% stake in the company, according to the filing. Back in November 2018, Campbell Soup added two Third Point-nominated board members, appointed Third Point-approved Chief Executive Mark Clouse in December 2018, and the hedge fund had been adding to its stake as recently as last February.

  • Business Wire

    Campbell Announces Departure of Carlos Abrams-Rivera as President of Campbell Snacks

    Campbell Soup Company (NYSE:CPB) today announced that, effective Feb. 1, 2020, Carlos Abrams-Rivera, President of Campbell Snacks, will leave the company to accept a role at another corporation. Campbell has launched a search for a successor. Abrams-Rivera will continue to lead the Snacks division through the end of the company’s fiscal second quarter. At that time, Mark Clouse, President and Chief Executive Officer, will lead the Snacks division until a new leader is in place.

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  • Campbell (CPB) Gains on Portfolio Refinement Amid Cost Woes
    Zacks

    Campbell (CPB) Gains on Portfolio Refinement Amid Cost Woes

    Campbell Soup (CPB) is focused on shifting its overall portfolio toward the fast-growing snacks category. However, the company has been battling input cost inflation.

  • Campbell (CPB) Up 1.8% Since Last Earnings Report: Can It Continue?
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    Campbell (CPB) Up 1.8% Since Last Earnings Report: Can It Continue?

    Campbell (CPB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • How Did Campbell Soup Company (CPB) Perform In Comparison to Hedge Fund Favorites in 2019?
    Insider Monkey

    How Did Campbell Soup Company (CPB) Perform In Comparison to Hedge Fund Favorites in 2019?

    Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]

  • Moody's

    Campbell Soup Company -- Moody's affirms Campbell Soup at Baa2/Prime-2; outlook revised to stable

    Moody's Investors Service, Inc. today affirmed Campbell Soup Company's senior unsecured debt rating at Baa2 and its commercial paper rating at Prime-2. This amount is about half of the $6.2 billion of debt Campbell took on to fund the Snyder's-Lance acquisition in March 2018.

  • Campbell Soup (CPB) Concludes Divestiture of Arnott's to KKR
    Zacks

    Campbell Soup (CPB) Concludes Divestiture of Arnott's to KKR

    Campbell (CPB) is focusing on exiting non-key businesses. Accordingly, the company completes the divestiture of Arnott's and certain International operations.

  • Business Wire

    Campbell Completes Sale of Arnott’s and Certain of Campbell’s International Operations to KKR for Approximately $2.2 Billion

    Campbell Soup Company (NYSE: CPB) announced today that it has completed the sale of Arnott’s and certain of Campbell’s International operations to KKR (NYSE: KKR) for approximately $2.2 billion in cash, subject to customary adjustments. With this transaction, Campbell has now completed the sale of its entire Campbell International division, including Kelsen Group, for an aggregate price of approximately $2.5 billion.

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  • The Campbell Soup (NYSE:CPB) Share Price Has Gained 25% And Shareholders Are Hoping For More
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