|Bid||33.16 x 800|
|Ask||48.01 x 1300|
|Day's Range||47.97 - 48.32|
|52 Week Range||32.17 - 49.56|
|Beta (5Y Monthly)||0.42|
|PE Ratio (TTM)||79.50|
|Earnings Date||Feb 24, 2020 - Mar 01, 2020|
|Forward Dividend & Yield||1.40 (2.91%)|
|Ex-Dividend Date||Jan 05, 2020|
|1y Target Est||44.93|
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
TreeHouse Foods (THS) and Post Holdings terminate their deal for the RTE cereal business. Also, TreeHouse Foods inks a deal to offload two of its in-store bakery facilities to Rich Products.
Campbell's snacks divisions president is leaving the company to take a job with one of the company's biggest competitors.
(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 firstname.lastname@example.orgTo contact the editors responsible for this story: Sally Bakewell at email@example.com, Jonathan Roeder, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
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."
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.
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.
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.
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 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 (CPB) is focusing on exiting non-key businesses. Accordingly, the company completes the divestiture of Arnott's and certain International operations.
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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Toyota Motor Sales USA Inc. has filed suit against the largest U.S. rail carriers, including Jacksonville-based CSX Corp., alleging a price-fixing conspiracy. The suit, filed in the U.S. District Court for the Eastern District of Texas on Dec. 13, accuses the rail carriers of violating federal law. It targets the four largest U.S.-based carriers: CSX (Nasdaq: CSX), Norfolk Southern Corp. (NYSE: NS), BNSF Railway and Union Pacific Corp. (NYSE: UNP).
Campbell Soup Company (NYSE: CPB) and the Campbell Soup Foundation hosted a ceremony yesterday to recognize and celebrate organizations that have made a significant impact in the Camden community. Five local organizations received awards totaling $5,500. The Foundation’s 15th networking breakfast, which was attended by more than 100 community leaders, was part of Campbell’s ongoing 150th anniversary celebration.
Deutsche Bank sees opportunity for food companies in 2020. The firm announced Dec. 11 that it would be resuming coverage across 13 large-cap food companies.
Campbell's® Condensed soup is introducing 'Kids in the Kitchen,' a platform designed to create new dinnertime rituals that engage the whole family by inspiring parents and kids to cook and enjoy meals together.